Award of Official Depository - June 23, 2026

This contract consists of two board resolutions appointing official depositories for the Lyndhurst Board of Education’s 2026‑2027 fiscal year. Spencer Savings Bank is designated as the primary depository for all Board funds, while Fulton Financial Corporation is assigned to manage the Pre‑K and Cafeteria accounts. The appointments are effective as of the June 23, 2026 board meeting and will remain in force for the fiscal year unless amended. • Spencer Savings Bank serves as the official depository for the entire school district’s cash and banking activities. • Fulton Financial Corporation handles the specific Pre‑K and cafeteria program accounts. • No monetary values, performance metrics, or service level requirements are detailed; the arrangement is a standard banking service appointment.