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IPS Construction Fund Holds $49.27 Million

Indianapolis Public Schools logoIndianapolis Public Schools
Document date
Aug 31, 2026

The 30-second brief

What it covers

Indianapolis Public Schools maintained a 2023 Lease Rental Bonds construction fund account with Bank of New York. The account held $49.27 million as of August 31, 2026.

Who holds it

Bank of New York holds this financial services contract with Indianapolis Public Schools. Its other public contracts on record include work for City of Hemet and City of Vestavia Hills.

What happens next

Term as filed: Ongoing construction fund custody account.

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Contract details

Contract type
Financial Services
Document date
August 31, 2026
Term
Ongoing construction fund custody account
Vendor
Bank of New York
Agency
Indianapolis Public Schools
Source document
Indianapolis Public Schools Report Treasurer's Report: Cash & Investments 2026-08-31 (Report)

Bank of New York's other public contracts

City of Hemet, CaliforniaHemet Transfers $15 Million to Bank of New York · Oct 27, 2026City of Vestavia Hills, AlabamaVestavia Hills Maintains Sinking Fund With Bank Of New York · Oct 19, 2026UndisclosedHarris County Mud 173, TexasDistrict Pays Bank of New York Debt Service · Oct 13, 2026$1.1MCity of Fishers, IndianaFishers Records Bank of New York Payment · Oct 13, 2026$3.2KDallas Fire Rescue, TexasBank of New York Provides Pension Custody Reporting · Oct 8, 2026UndisclosedAll Bank of New York contractsVendor profile

More Indianapolis Public Schools contracts

Jhat IncIPS Transfers Susan Leach Building to JHAT · Oct 27, 2026Pep IncIPS Transfers School Property to PEP · Oct 27, 2026R. Chavez ConstructionR. Chavez Multiple Schools Athletics Contract Amended · Oct 1, 2026$14.7MHenry C Smither Roofing IncHenry C Smither Arsenal Tech Roof Payment · Oct 1, 2026$7.2MEnvelop IqEnvelopiQ Multiple Schools Tech Upgrade Payment · Oct 1, 2026$5MAll Indianapolis Public Schools activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Indianapolis Public Schools?

Bank of New York was awarded this financial services contract by Indianapolis Public Schools, as recorded on August 31, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Indianapolis Public Schools Report Treasurer's Report: Cash & Investments 2026-08-31 (Report), dated August 31, 2026 from Indianapolis Public Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of New York hold?

Bank of New York 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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