Lebanon Board of Education 8/17/26

The Lebanon City Schools Board of Education held a regular meeting on August 17, 2026. Key procurement-related discussions included the approval of a new five-year depository agreement with First Financial Bank, following a competitive RFP process involving five banks. This new agreement is expected to save the district approximately $619,000 in earnings and improve financial processing efficiency through services like sweep accounts and purchasing cards (P-Cards) with rebate incentives. The board also approved financial consent items including amended appropriations, resource certificates, and donations. Additionally, a resolution was passed to prepay a bond using invested levy funds to reduce future bond levies, demonstrating proactive financial management. Personnel consent items were approved, including hiring bus drivers to address staffing shortages. Overall, the meeting focused on financial stewardship, contract renewals, and operational staffing to support the school district's ongoing needs.