FINANCIAL_SERVICESRECOMMENDED

Cedarburg Recommends $2 Million Bank Line Of Credit

Cedarburg School District recommended approving a taxable line of credit with Port Washington State Bank for up to $2 million to address seasonal cash-flow needs. The district would pay 6% interest only on amounts drawn.

Document date · September 16, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $2,000,000; interest at 6% on amounts drawn
Contract type
FINANCIAL_SERVICES
Document type
Agenda
Source document
Cedarburg School District Agenda Cedarburg School Board Meeting 2026-09-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Cedarburg School District?

Port Washington State Bank was awarded this financial services contract by Cedarburg School District, as recorded on September 16, 2026. The contract value is Not to exceed $2,000,000; interest at 6% on amounts drawn.

How much is the Port Washington State Bank contract with Cedarburg School District worth?

The Port Washington State Bank contract with Cedarburg School District is valued at Not to exceed $2,000,000; interest at 6% on amounts drawn, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Cedarburg School District Agenda Cedarburg School Board Meeting 2026-09-16 (Agenda), dated September 16, 2026 from Cedarburg School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Port Washington State Bank hold?

Port Washington State Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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