Wrenshall school board preps for 'cushion' loan

 

December 8, 2023



The Wrenshall school board will vote later this month on another loan to support cash flow during a period of time in the new year when district funds will be at their lowest.

Speaking at Tuesday’s work session of the board, superintendent Jeff Pesta compared the $300,000 loan to last year, when the board approved a $500,000 loan.

“This is truly our safety net,” Pesta said, later telling the Pine Knot, “in my recommendation to the board, I’m reasoning that the cost of borrowing $300,000 is worth it to eliminate the small risk of coming up short for payroll, lease payments, etc.”

Board members...



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