US Bank Oversees IPS 2024 Capital Bond Fund

Scope & details

The full contract record, as filed.

Contract amount

$83,119,865.89 beginning balance; disbursements $(3,163,350.11); interest income $387,639.76; ending balance $80,344,155.54

Contract type

FINANCIAL_SERVICES

Contract term

Ongoing FMB24 Construction Fund7 account #3002 for 2024 Bonds authorized by 2023 Capital Referendum

Renewal

Construction fund continues until 2024 Capital Referendum bond proceeds are fully used and reimburse IPS Fund 0714; no renewal provisions are detailed.

Document type

Report

Source document

Indianapolis Public Schools Treasurer's Report: Cash & Investments 2026-08-06

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Us Bank was awarded this financial services contract by Indianapolis Public Schools, as recorded on August 6, 2026. The contract value is $83,119,865.89 beginning balance; disbursements $(3,163,350.11); interest income $387,639.76; ending balance $80,344,155.54.

How much is the Us Bank contract with Indianapolis Public Schools worth?

The Us Bank contract with Indianapolis Public Schools is valued at $83,119,865.89 beginning balance; disbursements $(3,163,350.11); interest income $387,639.76; ending balance $80,344,155.54, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Indianapolis Public Schools Treasurer's Report: Cash & Investments 2026-08-06 (Report), dated August 6, 2026 from Indianapolis Public Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Us Bank hold?

Us 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.

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