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FINANCIAL_SERVICESRECOMMENDED

Monona Grove Recommends $8 Million Lake Ridge Bank Line

Monona Grove School District recommended authorizing a taxable tax and revenue anticipation promissory note and line of credit with Lake Ridge Bank for cash flow management. The facility would not exceed $8 million and would support draws and repayments during the 2026-27 school year as district revenues arrive.

Document date · September 14, 2026

Issuing agencyMonona Grove School DistrictVendorLake Ridge Bank

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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
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $8,000,000
Contract type
FINANCIAL_SERVICES
Contract term
2026-27 school year; draws and repayments as needed for cash flow
Renewal
The agenda says the district will use a line-of-credit structure consistent with its practice with Lake Ridge Bank last year; no explicit renewal or extension clause is provided.
Document type
Agenda
Source document
Monona Grove School District Agenda Special Meeting September 14, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Monona Grove School District?

Lake Ridge Bank was awarded this financial services contract by Monona Grove School District, as recorded on September 14, 2026. The contract value is Not to exceed $8,000,000.

How much is the Lake Ridge Bank contract with Monona Grove School District worth?

The Lake Ridge Bank contract with Monona Grove School District is valued at Not to exceed $8,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Monona Grove School District Agenda Special Meeting September 14, 2026 (Agenda), dated September 14, 2026 from Monona Grove School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lake Ridge Bank hold?

Lake Ridge 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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What is Monona Grove School District currently buying?

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