Financial discussion on tap for Cedar Rapids school board

CEDAR RAPIDS - The Cedar Rapids school board will discuss the district's finances, specifically the future issuance on SILO backed debt, and Monday night's school board meeting.

Tim Oswald, the district's financial advisor with Piper Jaffrey, will provide information regarding the district's future long-term borrowing needs to provide for the completion of planned SILO funded projects.

Board members also will be asked to approve a resolution giving the district authority to participate in the owa Association of School Board's ISCAP taxable line of credit. This short-term borrowing will help the district's general fund needs while waiting for state revenues.

Board members also will listen to an overview of the spring 2011 Iowa Tests of Basic Skills and Iowa Tests of Educational Development results.

The meeting begins at 5 p.m. Monday in the board room, room 305, at the Educational Service Center @ Kingston.