spooner-area-school-district-meeting-agenda-2024-09-16_ee7.txt
District Renews $2M Line of Credit with Citizens Bank
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Description
The Spooner Area School District Board will renew a $2,000,000 line of credit with Citizens Community Federal Bank for short-term cash flow needs, with full repayment expected by early January 2025.
Contract Details
Contract Amount
$2,000,000.00
Vendor
CITIZENS COMMUNITY FEDERAL BANK
Agency
Spooner Area School District, WI
Contract Type
FINANCIAL_SERVICES
Document Date
September 16, 2024
Contract Term
Short term, expected to repay by early January 2025
Renewal Date
2025-01-10
Renewal Info
Annual renewal required for district's cash flow management, with intent to minimize interest through early repayment.
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