FINANCIAL_SERVICESAPPROVED

Armada Area Schools Awards Financial Services Contract to Michigan Finance Authority (June 2026)

Armada Area Schools Board of Education approved a resolution to borrow up to $2,000,000 through a State Aid Note with the Michigan Finance Authority for the 2026/2027 school year. The borrowing will provide cash flow support secured by state aid revenues.

Status
APPROVED
Document date
June 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Michigan Finance Authority
Agency
Armada Area Schools · MI

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $2,000,000.00
Contract type
FINANCIAL_SERVICES
Contract term
2026/2027 school year
Renewal date
2027-06-30
Renewal
Single-year state aid note borrowing tied to the 2026/2027 school year; any future borrowing would require separate Board authorization.
Document type
Minutes
Source document
Armada Area Schools Board of Education Regular Meeting Minutes 2026-06-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Armada Area Schools?

Michigan Finance Authority was awarded this financial services contract by Armada Area Schools, as recorded on June 16, 2026. The contract value is Not to exceed $2,000,000.00.

How much is the Michigan Finance Authority contract with Armada Area Schools worth?

The Michigan Finance Authority contract with Armada Area Schools is valued at Not to exceed $2,000,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Armada Area Schools Board of Education Regular Meeting Minutes 2026-06-16 (Minutes), dated June 16, 2026 from Armada Area Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Michigan Finance Authority hold?

Michigan Finance Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Michigan Finance Authority's profile

What is Armada Area Schools currently buying?

Explore Armada Area Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Armada Area Schools's profile

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