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Westfir finances: loan declined over negative cash flow; council approves $36,708.10 in June expenditures
Summary
Banner Bank declined the city's loan request citing negative cash flow; the Recorder is pursuing a Secure Rural Schools funding exchange with Lane County. The council approved June expenditures of $36,708.10 by a 4–0 vote.
City Recorder Nicole Tritten reported that Banner Bank declined the city's loan application because of negative cash flow and said she was negotiating a Secure Rural Schools funding exchange with Lane County to address the projected FY2026–27 budget deficit.
Councilor Deretta Huey moved to approve June expenditures totaling $36,708.10; Councilor Dylan Cheatham seconded and the motion carried, 4–0. Tritten said she would email monthly profit-and-loss reports to the council after the meeting.
