School's Out—But District 196 School Board is Still in Session

Among the agenda items for the Rosemount-Apple Valley-Eagan school district board of education at its Monday meeting is hearing a preliminary report on the 2011-12 budget.

Administrators will ask the board to approve issuing $15 million in aid anticipation certificates, a short-term borrowing measure that is meant to get the district through an anticipated negative cash flow period this summer; administrators also will ask for approval to open a line of credit, another longer term safety net to counteract negative cash flows.

Jeff Solomon, the district's director of finance and operations, are the reasons the district is anticipating negative cash flow for 52 days this summer.

The meeting is scheduled for 6 p.m. at Dakota Ridge School in Apple Valley.