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FINANCIAL_SERVICESRECOMMENDED

Libertyville Elementary Schools Board Report 9.5 Procurement Cards April 2026

Board Asked to Approve New BMO P-Card Program

Libertyville SD 70BANK OF MONTREALApril 27, 2026

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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

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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