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Meeting Date:
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6/22/2021 - 5:00 PM
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Category:
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Adoption of Consent Agenda
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Type:
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Action
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Subject:
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Approval of Participation in the State Treasurer's Interest Free Loan Program
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End Statements:
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End Statement V Financial Well-Being Financial Well-Being
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Enclosure
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Attachment #1: CO ETRANs 2021 School Resolution
Attachment #2: Douglas SY 2021-2022 Proforma1-Actual
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File Attachment:
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Summary :
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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.
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Funding:
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Recommendation:
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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.
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Approvals:
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Recommended By:
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Signed By:
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Kate Kotaska - Chief Financial Officer
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Signed By:
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Corey Wise - Superintendent
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