|
|
|
|
|
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:
|
|
|
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
|
|
|
|
|
Vote Results:
|
| Original Motion | | Member Ray D Moved, Member Susan Meek seconded to approve the Original motion '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.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 12 Nay: 0. | | The motion Carried 12 - 0 | | | | | Ray D | Yes | | Susan Meek | Yes | | Mike Peterson | Yes | | Becky Myers | Yes | | Kaylee Winegar | Yes | | Christy Williams | Yes | | Ray D | Yes | | Susan Meek | Yes | | Mike Peterson | Yes | | Becky Myers | Yes | | Kaylee Winegar | Yes | | Christy Williams | Yes | |
|
|
|
|
|
|
|