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.”...