|
Meeting Date:
|
|
Category:
|
Adoption of Consent Agenda |
|
|
Type:
|
|
Subject:
|
Approval of Participation in the State Treasurer's Interest Free Loan Program |
|
|
End Statements:
|
End Statement V Financial Well-Being Financial Well-Being
|
|
|
Enclosure:
|
Attachment #1: CO ETRANs 2021 School Resolution Attachment #2: Douglas SY 2021-2022 Proforma1-Actual |
|
|
File Attachment:
|
|
Summary :
|
This year, the District expects to experience a cash flow shortage from January until March due to the schedule of property tax collections. In SY 2021-2022, we are asking for the authority to borrow up to $35 million. The State allows school districts to borrow from the State Treasury at a zero percent interest. |
|
|
Funding:
|
|
Recommendation
|
Approval of the participation in the State Treasurer's Interest Free Loan Program for the authority to borrow up to $35 million under adoption of Consent Agenda. |
|
|
Approvals:
|
Recommended By: |
Signed By: |
|
Kate Kotaska - Chief Financial Officer |
|
Signed By: |
|
Corey Wise - Superintendent |
|
|
|
|
|
|
|