Depository Bid Review – C‑27004

This contract awards Columbia Public Schools a banking depository arrangement with Central Bank of Boone County. The depository will handle up to $13.5 million in balances and provide a full suite of banking services—including deposits, check‑paying, ACH processing, stop‑payment requests, wire transfers, online banking, account maintenance, and ancillary fee‑based items. Pricing is tied to a benchmark: the awardee will receive a rate of 3 basis points above the weekly discount auction rate for 13‑week Treasury Bills, with additional per‑item fees illustrated for comparison. The award follows a competitive bid review, with competitor pricing (Commerce Bank) presented solely for benchmarking. No fixed dollar contract value, start/end dates, or renewal language are disclosed in the provided excerpt. • Awarded to Central Bank of Boone County as the sole depository for Columbia Public Schools. • Scope covers comprehensive deposit‑related banking services and ancillary transaction fees. • Compensation is benchmark‑based (3 bps over Treasury‑Bill rate) plus per‑item fees, with a maximum balance responsibility of $13.5 M.