FINANCIAL_SERVICESRECOMMENDED

District Recommends $2.5 Million Bank Line Of Credit

Evansville Community School District recommended a one-year line of credit from Bank of New Glarus for up to $2.5 million. The financing would support cash flow, primarily payroll, from November 1, 2026, through November 1, 2027, at a proposed 5.25% interest rate.

Document date · October 5, 2026

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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 $2,500,000
Contract type
FINANCIAL_SERVICES
Contract term
November 1, 2026 – November 1, 2027; one-year note
Renewal date
2027-11-01
Renewal
One-year note; no renewal or extension option stated.
Document type
Agenda
Source document
Evansville Community School District Agenda Regular Meeting October 7, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Evansville Community School District?

Bank of New Glarus was awarded this financial services contract by Evansville Community School District, as recorded on October 5, 2026. The contract value is Not to exceed $2,500,000.

How much is the Bank of New Glarus contract with Evansville Community School District worth?

The Bank of New Glarus contract with Evansville Community School District is valued at Not to exceed $2,500,000, 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 Evansville Community School District Agenda Regular Meeting October 7, 2026 (Agenda), dated October 5, 2026 from Evansville Community School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of New Glarus hold?

Bank of New Glarus 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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