Description
The Madison County School District is seeking a qualified financial institution to serve as the depository for all district funds for three consecutive fiscal years (July 1 2026 – June 30 2029). The contract will be awarded to the lowest responsive sealed bid that meets the statutory requirements of the Mississippi Code. Bidders must submit sealed bids by the deadline; electronic submission is free, and full specifications are available for download. The scope includes maintaining a secure, interest‑bearing account, providing regular statements, and complying with all reporting and audit requirements for public school funds.
• Sealed‑bid procurement (Invitation for Bid) – award to lowest responsive bidder.
• Three‑year custodial banking service covering all district cash flows.
• Required compliance with Mississippi Code §§ 37‑7‑333, 27‑105‑305, 27‑105‑315 and district finance policies.
• Bid documents (Depository Bid Specifications) must be reviewed; questions (if any) are to be submitted before the bid deadline.
• The selected bank will manage approximately $XX‑$YY million in school district assets, providing monthly statements and annual audit support.
Attached files
The solicitation documents live at the source — open the bid source above to download them.