Agenda Item
Meeting Date: 6/23/2020 - 4:00 PM
Category: Adoption of Consent Agenda
Type: Action
Subject: 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 2020 School Resolution
Attachment #2: Douglas SY 2020-2021 Proforma1-Actual - PENDING
File Attachment:
Colorado ETRANs 2020-21 School Resolution.pdf
Douglas 20-21 Proforma1.pdf
Summary : This year, the District expects to experience a cash flow shortage from December until March due to the schedule of property tax collections. In SY 2020-2021, we are asking for the authority to borrow up to $65 million.

The State allows school district 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 $65 million under adoption of Consent Agenda.
Approvals:
Recommended By:
Signed By:
Jana Schleusner - Director of Finance
Signed By:
Dr. Thomas Tucker - Superintendent
Vote Results:

Original Motion
Member Christina Ciancio-Schor Moved, Member Krista Holtzmann seconded to approve the Original motion 'Approval of the Participation in the State Treasurer's Interest Free Loan Program for the authority to borrow up to $65 million under adoption of Consent Agenda.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0.
The motion Carried 7 - 0