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Brown Deer business office reports DPI filings, a $500,000 line of credit and facilities study
Summary
Business office representative Mister Klimick told the board the district submitted required DPI reports, closed a $500,000 line of credit as a cash‑flow precaution, and has engaged Performance Services Inc. for a programmatic facilities study to inform potential future referendum planning.
Mister Klimick, speaking for the district business office, updated the board on several finance and facilities items and told trustees the district had submitted its special‑education and annual DPI reports in late October and that auditors are finalizing financial statements for DPI by the Dec. 15 filing deadline.
"We have that $500,000 line of credit if needed," Klimick said, describing a Nov. 1 closing on a temporary cash‑flow line intended primarily to cover a year‑end payroll low point if necessary. He described the line of credit as a precautionary measure and said he expects the district may not need to draw on it.
Klimick also described a programmatic study by Performance Services Inc. (PSI) that will evaluate facility use and potential options to use space more efficiently; PSI previously provided the district—acilities assessment used in the capital improvement plan. Klimick said PSI performed initial work free as part of business development but may seek compensation if contracted for a broader scope tied to referendum work, and he noted the board will need to decide whether to engage PSI directly or seek proposals from other firms for design and owner-rep services.
He also briefed the board on grant activity: the district received federal approval for a COPS grant modification and is preparing a claim related to about $120,000 in an initial lease payment that will be applied to a door-access project and radio purchases. Klimick said the auditors will present to the board in January and he will work with them to adjust budgeting lines affected by recent GASB lease-reporting guidance so presentations are clearer to trustees.
Board members asked for clearer Skyward-generated cover sheets and a format that avoids manual Excel reformatting; Klimick said he can produce monthly Skyward reports with the requested layout and will reconcile lease accounting items with auditors. No formal board action was taken on procurement or facilities contracts at this meeting.
