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Board authorizes temporary loans under Wisconsin Statutes to cover expenses until tax revenues arrive
Summary
The board authorized the district to secure temporary loans in accordance with Wisconsin Statutes to meet expenses until tax monies are available. The motion was moved by Nick Zuberbuhler, seconded by Jeff Stauffacher, and recorded as carried.
The Darlington Community School District board approved a motion authorizing the district to secure temporary loans as needed "in accordance with Wisconsin Statutes" to meet expenses until tax revenues are available.
The minutes record the motion as moved by Nick Zuberbuhler and seconded by Jeff Stauffacher, and the action is recorded as carried. The minutes expressly reference Wisconsin Statutes as the legal basis for short-term borrowing; no further statutory citation or loan limits are provided in the minutes.
The minutes do not include any details on anticipated loan amounts, lenders, or repayment schedules; those implementation details were not specified and would be subject to future administrative actions under the board's authorization.
