But the leadership needs to step up. |
It's just such a great event. For people who have not participated before, it's a time to remember those we've lost (to cancer) as well as a time to be with loved ones and friends. |
It's more reasonable to borrow a large portion of the money and enter into a loan contract with the state of Nevada, rather than draw down our reserves completely and have to find a way to build them back up. The district has been working with bond council and financial advisors on this issue and a state funds are our best option. |
The event will happen either way. It's really about how many teams and how many people will participate - and of course, how much money we raise - we just need a leader. |
We need to be prudent about where our money goes. Our cash reserve balance is the lowest it's ever been and we're expecting to miss our projected cash flow this year. |
We positioned ourselves 18 months ago for this exact scenario. We've requested access to up to $8 million in state revolving funds and as of now we are going to ask for no more than $4 million. |
We want to start the event a little earlier this year and take advantage of the warm weather. |