FINANCIAL_SERVICESAPPROVED

Hesperia Community Schools Awards Financial Services Contract to Shelby State Bank (August 2026)

The Hesperia Community Schools Board affirmed a state aid borrowing arrangement of $1.8 million with Shelby State Bank, approved unanimously 6-0. This borrowing provides short-term cash flow support for district operations tied to state aid.

Status
APPROVED
Document date
August 24, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Shelby State Bank
Agency
Hesperia Community Schools · MI

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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
Comcate logo
SafeTouch logo
IANS Research logo
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
$1.8M
Contract type
FINANCIAL_SERVICES
Renewal
State aid borrowing typically covers a specific fiscal period; renewal or new borrowing would require future board approval. No maturity or renewal date is specified in the minutes.
Document type
Minutes
Source document
Hesperia Community Schools Board of Education Minutes 2026-08-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Hesperia Community Schools?

Shelby State Bank was awarded this financial services contract by Hesperia Community Schools, as recorded on August 24, 2026. The contract value is $1.8M.

How much is the Shelby State Bank contract with Hesperia Community Schools worth?

The Shelby State Bank contract with Hesperia Community Schools is valued at $1.8M, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Hesperia Community Schools Board of Education Minutes 2026-08-24 (Minutes), dated August 24, 2026 from Hesperia Community Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Shelby State Bank hold?

Shelby 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.

View Shelby State Bank's profile

What is Hesperia Community Schools currently buying?

Explore Hesperia Community Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Hesperia Community Schools's profile

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