Coon Rapids-Bayard Board of Directors Meeting Minutes July 2025
District designates Iowa Savings Bank as depository
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Description
The Board designated Iowa Savings Bank as an authorized depository with a maximum allowable district deposit of $6.5 million. This action establishes where district funds may be held for banking and cash management purposes.
Contract Details
Contract Amount
$6,500,000 Maximum Deposit
Vendor
IOWA SAVINGS BANK
Agency
Coon Rapids-Bayard Community School District, IA
Contract Type
FINANCIAL_SERVICES
Document Date
July 7, 2025
Renewal Info
Annual depository designation; future changes require board action.
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