Review Agenda Item
Meeting Date: 6/21/2022 - 5:00 PM
Category: Adoption of Consent Agenda
Type: Action
Subject: Approval of SY 2022-2023 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 2022 A School District Resolution
Attachment #2: Douglas 22-23 Proforma-Actual
File Attachment:
Colorado ETRANs 2022A School District Resolution.pdf
Douglas 22-23 Proforma.pdf
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 2022-2023, we are asking for the authority to borrow up to $40 million.

The State allows school districts to borrow from the State Treasury at a zero percent interest.
Funding:
Recommendation: That the Board approve the participation in the State Treasurer's Interest Free Loan Program for the authority to borrow up to $40 million under adoption of Consent Agenda.
Approvals:
Recommended By:
Signed By:
Kate Kotaska - Chief Financial Officer
Signed By:
Erin Kane - Superintendent