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Board reviews borrowing scenarios and capital funding options
Summary
Piper Sandler presented four borrowing scenarios and projected budget impacts; the district’s business manager reviewed capital funding sources to support upcoming projects.
Mrs. Audrey Bear, Managing Director at Piper Sandler & Co., presented four hypothetical borrowing scenarios — $2,660,000; $3,710,000; $5,000,000; and $8,870,000 — and outlined projected budget impacts ranging from $105,552.08 to $358,072.92 in 2026‑2027 and $19,035.42 to $69,539.58 in 2027‑2028. Those comparative figures were provided to give the board a sense of the range of debt service the district would face under various borrowing levels.
Business Manager Jamie Mowrey summarized funding sources the district could use for capital projects, giving the board options for mixing reserves, donations and potential grant proceeds. The presentation provided financial context but did not include a motion to authorize borrowing; any actual debt issuance would require future board action and formal agreements.
