Cash-flow line of credit with Merchants Bank
Mckinley Charter SchoolWisconsin- Detected
- Oct 19, 2026
- 14 days ago
- Sector
- Administration & Finance
- Est. value
- Free account
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From the meeting
The board was scheduled to authorize a taxable tax and revenue anticipation promissory note for cash flow purposes, with a line of credit from Merchants Bank for up to $13,000,000. The district said it uses this borrowing each year because revenues arrive in periodic lumps while expenses continue. This is a finance relationship with a named bank and a clear annual cash-advance need through the fiscal cycle.
- Meeting date
- October 19, 2026
- Agency
- Mckinley Charter School
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