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Board signs up for state treasurer’s interest-free short-term loan to smooth cash flow
Summary
Woodland Park School District RE-2 voted to participate in the Colorado State Treasurer’s interest-free short-term loan program, authorizing up to $3,954,538 to cover seasonal cash-flow shortfalls and repaid when property-tax revenue is received.
The Woodland Park School District RE-2 Board of Education approved a resolution on Jan. 29, 2025, authorizing the district to participate in the Colorado State Treasurer’s interest-free short-term loan program to address seasonal cash-flow needs.
District finance staff presented a cash-flow analysis showing months in late fall and winter when the district’s operational cash runs short before property-tax receipts arrive in late winter and spring. The packet and staff presentation proposed authorizing a not-to-exceed amount of $3,954,538 for…
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