9/19/17 – The Beaver Dam School Board approved the borrowing of up to $3-million dollars at their meeting last night. Director of Business Service Anne-Marie Woznicki says the reason behind the borrowing is to pay for general expenses such as payroll. The primary source of income for the school comes from state aid and the tax levy which Woznicki says does not always arrive when you need it. She says the temporary bonding does not mean there is a budgetary shortfall. Woznicki says this does not mean that there will be a lack of funds to balance the budget for the year. Beaver Dam has joined six other school districts and will pool together the total sum of their borrowing amount which together equals $43.8-million dollars. She says by combining with other schools they will be able to get a better interest rate in return. Woznicki says they will be closing on the borrowing October 3. Beaver Dam must pay back the $3-million dollars by November 1 of 2018.