FINANCIAL_SERVICESRECOMMENDED

Board Seeks RBC Approval for $20M Operating Credit

Limestone District School Board’s administration recommends authorizing agreements with the Royal Bank of Canada to provide up to $20 million in short-term operating borrowing for the 2026-2027 fiscal year. The arrangement ensures cash flow flexibility while the Board awaits revenue from municipalities and the Province, under an existing banking services agreement that runs through April 30, 2027.

Status
RECOMMENDED
Document date
August 17, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Royal Bank of Canada
Agency
Fairfield Elementary School · Canada

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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

Scope & details

The full contract record, as filed.

Contract amount
Maximum of $20.0 Million borrowing capacity
Contract type
FINANCIAL_SERVICES
Contract term
2026-2027 fiscal year; banking services agreement extends to April 30, 2027
Renewal date
2027-04-30
Renewal
RBC is identified as the Board’s primary banker under a banking services agreement extending to April 30, 2027; the annual borrowing resolution for 2026-2027 renews the Board’s operating credit authority up to $20 million.
Document type
AgendaPacket
Source document
Limestone District School Board AgendaPacket Regular Board Meeting 2026-08-19

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Fairfield Elementary School?

Royal Bank of Canada was awarded this financial services contract by Fairfield Elementary School, as recorded on August 17, 2026. The contract value is Maximum of $20.0 Million borrowing capacity.

How much is the Royal Bank of Canada contract with Fairfield Elementary School worth?

The Royal Bank of Canada contract with Fairfield Elementary School is valued at Maximum of $20.0 Million borrowing capacity, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Limestone District School Board AgendaPacket Regular Board Meeting 2026-08-19 (AgendaPacket), dated August 17, 2026 from Fairfield Elementary School. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Royal Bank of Canada hold?

Royal Bank of Canada 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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What is Fairfield Elementary School currently buying?

Explore Fairfield Elementary School's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Fairfield Elementary School's profile

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