Beachwood City Schools Agenda Regular Meeting of the Board of Education 2026-06-22
District Designates JPMorgan Chase as Public Depository
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Description
Beachwood City Schools designated JPMorgan Chase Bank N.A. as a depository for active and interim public moneys from August 1, 2026 through July 31, 2031, with maximum active and interim deposits each capped at $30 million and the first $25,000 of active moneys required to be deposited there. The award is subject to Chapter 135 of the Ohio Revised Code and execution of required depository agreements.
Contract Details
Contract Amount
Up to $30,000,000 active deposits; up to $30,000,000 interim deposits; first $25,000 of active moneys must be deposited here
Vendor
JPMORGAN CHASE BANK N.A.
Agency
Beachwood City Schools, OH
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
Contract Term
August 1, 2026 through July 31, 2031
Renewal Date
2031-07-31
Renewal Info
Five-year depository designation for active and interim funds; subject to re-designation after July 31, 2031.
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