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Board approves $500,000 interfund loan limit for 2025–26
Summary
The board authorized a limit of $500,000 in interfund loans from Working Cash to the Education Fund for 2025–2026; the motion, made by Norm Johnson and seconded by Kurt Hohenberger, passed unanimously.
The board approved a motion to set a $500,000 limit for interfund loans from the district's Working Cash fund to the Education Fund for the 2025–2026 school year. Norm Johnson moved the motion; Kurt Hohenberger seconded and the board voted unanimously to approve the limit.
Board members recorded a unanimous vote (Nick Deacon; Ashley Harper; Kurt Hohenberger; Norm Johnson; Mike Short; Erik Wold: Yea). The action establishes an internal borrowing cap for the fiscal year; no loan was recorded at the meeting, only the maximum limit was set.
