FINANCIAL_SERVICESAPPROVED

San Mateo County Office of Education Awards Financial Services Contract to San Carlos School District (March 2026)

The San Mateo County Board of Education authorized the County Office of Education to extend a short-term one-day loan of up to $25 million to the San Carlos School District on June 30, 2026, to cover a temporary cash shortfall. The district must repay the full amount plus negative interest on July 1, 2026.

Document date · March 11, 2026

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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
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $25,000,000 plus negative interest
Contract type
FINANCIAL_SERVICES
Contract term
One-day loan from June 30, 2026 to July 1, 2026
Renewal date
2026-07-01
Renewal
Single one-day interfund loan with no renewal or extension provisions; full repayment plus negative interest is required on July 1, 2026.
Document type
Resolution
Source document
San Mateo County Office of Education Resolution No. 26-20 Authorizing a Short-Term Financing Loan for the San Carlos School District 2026-03-11

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by San Mateo County Office of Education?

San Carlos School District was awarded this financial services contract by San Mateo County Office of Education, as recorded on March 11, 2026. The contract value is Not to exceed $25,000,000 plus negative interest.

How much is the San Carlos School District contract with San Mateo County Office of Education worth?

The San Carlos School District contract with San Mateo County Office of Education is valued at Not to exceed $25,000,000 plus negative interest, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in San Mateo County Office of Education Resolution No. 26-20 Authorizing a Short-Term Financing Loan for the San Carlos School District 2026-03-11 (Resolution), dated March 11, 2026 from San Mateo County Office of Education. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does San Carlos School District hold?

San Carlos School District 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 San Mateo County Office of Education currently buying?

Explore San Mateo County Office of Education's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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