Cover Page

DATE:

October 6, 2026

CONTACT PERSON:

Dalton Beightel, Deputy Directory of Accounting and Payroll

DOCUMENT #:

SECOND PARTY/SUBJECT:

Columbia Capital Management, LLC

PROJECT #:

CIP PROJECT:

ACTION OF COUNCIL:

JOURNAL #:

PAGE #:

DOCUMENT DESCRIPTION:

APPROVAL of a professional services contract between the City of Topeka and Columbia Capital Management, LLC for debt and cash management services.

(Approval of the professional services contract would allow the consultant to provide debt and cash management services for one year.)

VOTING REQUIREMENTS:

Action requires at least six (6) votes of the Governing Body.

POLICY ISSUE:

Whether to approve the contract for professional services. Pursuant to Topeka Municipal Code (TMC) 3.30.010, all contracts for professional services that meet or exceed $50,000 require approval by the Governing Body.

STAFF RECOMMENDATION:

Staff recommends the Governing Body approve the contract as part of the Consent Agenda.

BACKGROUND:

The City has contracted with Columbia Capital Management, LLC for financial advisory, debt management, and investment management services since February 2002.

Columbia Capital currently provides debt and cash management services for the City, including debt reporting and compliance, investment of City funds, portfolio accounting, and related financial reporting. The proposed agreement would continue these services through 2027.

BUDGETARY IMPACT:

Debt Management of $1,925/month; $1,625 per debt series filing; Cash Management $6,200/month

SOURCE OF FUNDING:

General Fund

ATTACHMENTS: