Primary Depository Service
Overview
Fit Score
Settle Intelligence
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SUMMARY
KEY REQUIREMENTS
BUDGET
VerifiedCONTRACT DURATION
TIMELINE
Information released: March 23rd, 2026
Proposals closing time: April 23rd, 2026 10:00am
Agreement duration: July 1st, 2026 to June 30th, 2027
Issuing Agency
Anderson County Board Of Education
Organization overview and procurement intelligence available on paid plans.
DESCRIPTION
A government authority located in Lawrenceburg, Kentucky seeks a vendor to provide primary depository services. The selected institution is expected to manage all district accounts, including investments of excess funds as directed by the board, in compliance with legal and best-interest considerations. The board reserves the right to direct the treasurer or superintendent in investing any surplus funds with the depository bank or through other legal means.
The primary depository must reimburse the board or schools for any fees incurred due to required accounting software updates when changing banks. Additionally, the depository must support direct deposit through the county board of education. Comprehensive electronic banking privileges are required, allowing the board to review daily transactions and conduct online transfers.
For enhanced security, the depository must offer security tokens for internet banking, to be used alongside User ID and password during electronic login, if necessary. The initial contract period will be for one year.
Source attribution
This Settle analysis is based on the issuing organization’s public RFP listing.