Board authorizes up to $45 million interest‑free loan for cash‑flow needs

The Eagle County School District Board voted unanimously on July 8 to authorize participation in Colorado’s state interest‑free loan program and to request borrowing authority of up to $45,000,000 to manage seasonal cash‑flow needs.

Finance presenter Bryson Bieber explained that district property‑tax revenues arrive in a concentrated window (largely March–June), creating interim cash‑flow shortfalls during other months. "This program allows us for completely free, no interest to in the low revenue times of year to essentially borrow," he told the board and noted the district borrowed about $41,000,000 this year and repaid it after tax receipts arrived.

Bieber asked the board to authorize a request up to $45,000,000 "to give us a little bit of cushion" for next year; the motion (Resolution 2026‑27‑1) was moved and the board voted 5‑0 to approve participation and the borrowing limit.

Trustees said the authorization is a cash‑management tool; Bryson Bieber confirmed the expectation is to repay borrowed amounts when property‑tax revenue is received in the spring. The vote did not change the adopted budget; it authorizes the district to access the state program if needed.

Motion details: Resolution 2026‑27‑1 authorizing Eagle County School District participation in the state interest‑free loan program and to borrow up to $45,000,000 for cash‑flow purposes. The board recorded Aye votes from trustees identified in the roll call as Miss Halter, Miss Coleman, Miss Glowacki, Miss Hovey and Mr. Pena.