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Board authorizes moving 2024 note payments to December to help cash flow
Summary
The Board authorized restructuring the Time Warrant Note and Maintenance Tax Note (Series 2024) to move payment dates from June to December to assist cash flow and include payments in next fiscal year budgets; both votes carried 4‑2.
The Board approved administrative authority to restructure payment schedules for two district notes issued in 2024. The Superintendent explained the proposal would move the payment date from June to December to assist cash flow and allow the payments to be included in the next fiscal year budget. The Time Warrant Note motion carried 4‑2; the Maintenance Tax Note was authorized under the same terms and also passed 4‑2.
Trustees who voted in favor were Steven Wentrcek, Pablo Solorio, Sherri Braun and Nocole Sharp. Trustees Stephanie Martinka and Josh Spiegelhauer opposed both restructurings. Board discussion included clarifications that the restructuring would not increase district cost or negatively affect the district's financial rating, per the Superintendent's remarks recorded in the public minutes.
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