Godfrey-Lee Public Schools Board of Education Special Meeting Agenda April 2026
District approves 2025-26 state aid note with Horizon Bank
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Description
Godfrey-Lee Public Schools approved a Michigan State Aid Note through its depository, Horizon Bank, for the 2025/26 year under the Michigan Qualifying Limited School State Aid Note Participation program. The action authorizes the district’s short-term borrowing arrangement to support cash flow tied to state aid payments.
Contract Details
Vendor
HORIZON BANK
Agency
Godfrey-Lee Public Schools, MI
Contract Type
FINANCIAL_SERVICES
Document Date
April 30, 2026
Contract Term
2025/26 school year
Renewal Date
2026-06-30
Renewal Info
Single-year Michigan State Aid Note participation for 2025/26; future participation would require separate board approval.
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