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Madison County School District·Mississippi

Synthetic Turf Ball Fields

Closes 4/21/2026$200k – $800kInvitation for BidLogin required
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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.

Contact

Barry McKenzie(Finance Director)

[email protected]

(601) 499-0800

Key dates

Opened
3/18/2026
Closes
4/21/2026
Duration
3 years

Last updated

Details

Type
Invitation for Bid
Industry
Financial Services
NAICS
522110
Solicitation №
RFP 20992245

Budget estimate

$200,000 – $800,000

The contract’s revenue will be derived from interest earned on the district’s cash balances and any service fees negotiated. Assuming the district maintains $10 – 30 million in deposits, typical net interest margins for public‑sector accounts range from 0.2 % to 0.8 % annually. This yields an annual revenue of roughly $20,000 – $240,000, multiplied over three years, plus a modest administrative fee (estimated $10,000‑$30,000 per year). Consequently, total contract value could fall between $200,000 and $800,000 over the three‑year term, depending on deposit levels and fee structure.

AI estimate from the solicitation

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