Board Asked to Approve New BMO P-Card Program
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Description
Libertyville Elementary Schools administration recommends approving a resolution to enter into a procurement card agreement with Bank of Montreal (BMO) to enable online reconciliation and automated general ledger integration. The new program aims to improve efficiency and reduce the current 60-day transaction posting lag.
Contract Details
Vendor
BANK OF MONTREAL
Agency
Libertyville SD 70, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Renewal Info
Initial procurement card agreement with Bank of Montreal will replace the prior Libertyville Bank and Trust arrangement; renewal terms are not described in the report.
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