School Board Agenda & Packet Summary – Loveland (TSD) – August 5, 2026

Meeting Information

• Public Body: Thompson School District Board of Education
• Organization Type: school-district
• Government Body: school-boards
• Meeting Title: Board of Education Study Session - Aug 05 2026
• Meeting Date: 2026-08-05
• City: Loveland
• County: Larimer County
• State: colorado
• Meeting Source URL: https://thompsonschools.community.diligentoneplatform.com/Portal/MeetingInformation.aspx?Org=Cal&id=481
• Meeting Listing URL: https://thompsonschools.community.diligentoneplatform.com/Portal/
• Public Body Website: https://www.tsd.org/BOE
• Meeting Video URL: Not available
• Video Channel URL: Not available

Source basis: This briefing uses the extracted agenda and supporting documents from the meeting packet.

What Community Members Should Know

The Thompson School District Board of Education study session on August 5, 2026 focuses on financial planning, operational needs, facilities funding, contracts, staffing actions, and legislative updates. The meeting is primarily a review and preparation session for upcoming board decisions rather than a meeting centered on a single policy change.

One major financial item is a request to participate in the State of Colorado’s Interest-Free Cash Flow Loan Program for the 2026-27 fiscal year. The district is seeking authorization to borrow up to $30 million temporarily to manage the timing difference between regular expenses and property tax revenue collections. The district states that the loan would be repaid within the same fiscal year and carries no interest cost.

The board will also consider using $750,000 in bond premium funds for critical facility and technology needs that were not included in the General Fund budget after budget reductions. The district reports that the Citizens’ Bond Oversight Committee reviewed and approved the recommendation, and the funds would come from the 2025 bond program.

Other significant topics include approval of contracts over $50,000, routine personnel actions, disposal of unused lawn equipment, and updates on legislative issues and the Loveland Urban Renewal Authority. These decisions affect district operations, student services, facilities, technology, transportation, nutrition services, and financial oversight.

Major Discussion and Action Items

State Interest-Free Cash Flow Loan Program Participation

The board is being asked to approve a resolution allowing Thompson School District to participate in Colorado’s Interest-Free Cash Flow Loan Program for fiscal year 2026-27.

The program addresses a recurring school district finance challenge: expenses continue throughout the year while major property tax revenues are received primarily later in the spring. The district states that participation helps maintain uninterrupted payroll, services, and operations.

The proposed authorization allows borrowing up to $30 million. The district identifies the borrowing as a short-term financial management practice rather than a new expense. The anticipated borrowing period begins in November 2026, with repayment expected by March 2027 using property tax revenues.

Bond Premium Funding for Critical Needs

The board will consider a budget adjustment allowing $750,000 from bond premium funds to support critical capital needs.

The district explains that several high-priority facility and technology projects were not included in the approved General Fund budget because of budget reductions. The proposed bond premium use would help address those needs while remaining consistent with allowable uses under the 2024 ballot language.

The Citizens’ Bond Oversight Committee reviewed and approved the recommendation on June 24, 2026. The district reports that bond premium funds originally totaled $16,560,594.55, with $573,391.31 already expended for debt service. After the proposed $750,000 allocation, the projected remaining bond premium balance would be $15,237,203.24.

Contracts and Purchases Greater Than $50,000

The board will review and approve contracts and purchases exceeding $50,000 that were incorporated into the adopted 2026-27 budget.

Major examples include:

• Shamrock Foods renewal for food supplies: $2,460,000.
• CSDSIP renewal for property, equipment, crime, and liability insurance: $1,439,620.
• Pinnacol Assurance renewal for workers compensation: $970,000.
• Team Petroleum LLC for fleet fuel: $405,000.
• All Copy Products copier lease renewal: $310,000.
• Caplan & Earnest legal services: $265,000.
• Ampersand Therapy contracted speech-language services: $256,500.
• Creation Gardens produce purchases: $250,000.
• Infinite Campus software renewal: $219,206.67.
• Royal Crest Dairy milk supplies: $225,000.

The contracts support instructional programs, food services, technology systems, transportation, facilities, insurance coverage, and administrative operations.

Personnel Recommendations

The Human Resources Department is requesting board approval of routine personnel actions.

The recommendations include hiring new APT, licensed, and classified employees; accepting resignations, retirements, and separations; approving transfers or reclassifications; and authorizing related employment documents.

The district states that listed employees completed required screening, credentialing, and background clearance processes. Compensation costs vary by position and are funded through the General Fund or applicable categorical and grant funding sources.

Disposal of Surplus Lawn Equipment

The board will consider declaring a 2018 Toro Groundmaster 3500 Commercial Mower as surplus property and allowing staff to proceed with disposal or sale.

The district reports that the mower has become less effective compared with other equipment, has been largely unused, and is no longer needed. The estimated sale value is more than $10,000, with proceeds providing additional funding for the Grounds department.

Financial Matters

The meeting includes several significant financial decisions. The largest proposed financial management action is the interest-free cash flow loan authorization of up to $30 million for fiscal year 2026-27. The district states this borrowing would be repaid during the same fiscal year and is intended to prevent cash flow disruptions.

The board will also review the $750,000 bond premium transfer for critical needs. This is a one-time use of Bond Fund 41 Premium funds.

The contracts agenda item includes numerous previously budgeted purchases and renewals for the 2026-27 school year. Funding sources vary by program, including the General Fund, Nutritional Services Fund, Risk Management Fund, bond funds, and other district accounts.

Policies, Ordinances, Resolutions, and Governance

The board will consider a resolution authorizing participation in the state Interest-Free Cash Flow Loan Program. The district identifies Colorado Revised Statute 22-54-110 as the authority for the program.

Other governance-related items include compliance with board policies on budgeting, borrowing, purchasing, personnel authority, and disposition of school property.

The bond premium adjustment is presented as consistent with board-approved bond program requirements and ballot language.

Reports, Presentations, and Informational Updates

The board agenda includes a legislative update reviewing upcoming November ballot measures and education-related advocacy issues.

The report discusses Proposition NN, which would allow the state for 10 years to retain certain revenues that otherwise would be refunded under TABOR. The report states that the measure could provide additional funding opportunities for schools.

The legislative update also discusses proposed income tax and transportation ballot measures, along with resolutions for the Colorado Association of School Boards Delegate Assembly related to federal special education funding and reducing excessive reporting requirements.

The board will also receive a Loveland Urban Renewal Authority update.

Personnel, Appointments, and Organizational Matters

The Human Resources report concerns routine employment actions requiring board approval. These actions include staffing additions, separations, transfers, and other personnel changes.

The district states that approved positions fit within the adopted budget and that replacement positions are generally filled within existing approved staffing levels.

Projects, Facilities, Infrastructure, and Operations

The most significant facilities-related item is the proposed use of bond premium funds for critical needs. The district expects the funding to support previously identified facility and technology projects affected by General Fund reductions.

The district also has several operational contracts supporting facilities and services, including asphalt repair at Loveland Elementary Middle School through OZ Asphalt by Goltz for $102,045.27, district-wide trash and recycling services through RAM Waste Systems Inc. for $132,000, and fleet-related fuel and parts purchases.

Public Hearings and Opportunities for Community Input

The packet does not identify a public hearing, formal community forum, or public comment opportunity specifically associated with the study session agenda items.

Community Impact

• Residents: The meeting addresses financial decisions intended to maintain stable district operations and provide transparency around use of public funds.
• Students and families: Contract approvals support instructional platforms, food services, technology, transportation, and specialized services.
• Taxpayers: The bond premium discussion provides information about how voter-approved bond resources may be used.
• Employees and staff: Personnel approvals support staffing continuity and payroll processing.
• Community organizations and service providers: Vendors and contractors may support district programs through approved agreements.

Questions Community Members May Want to Ask

1. How does the district determine the amount needed for annual cash flow borrowing?
2. What specific facility and technology projects will receive the $750,000 in bond premium funding?
3. How will the district report progress on projects funded through bond premium dollars?
4. What alternatives were considered before approving major contracts and renewals?
5. How will the district evaluate the long-term cost of recurring contracts?
6. Are staffing changes meeting current student and program needs?
7. How will legislative ballot measures affect district funding if approved by voters?
8. What oversight processes are used for contracts exceeding $50,000?

Important Dates, Deadlines, and Next Steps

• August 5, 2026: Board of Education study session scheduled at 5:00 PM at 800 S Taft Avenue, Loveland, Colorado.
• November 2026: Anticipated beginning of the state interest-free cash flow borrowing period.
• March 2027: Expected repayment of the cash flow loan using property tax revenues.
• July 2026: Proposed start date for implementation of bond premium-funded critical needs projects.
• Ongoing: Staff will provide regular financial and bond program updates.

Key Takeaways

• Thompson School District is considering participation in a state interest-free cash flow loan program for up to $30 million.
• The proposed loan is intended to address timing differences between expenses and property tax revenue collections.
• The district expects to repay the loan within the same fiscal year.
• The board will consider moving $750,000 in bond premium funds to critical facility and technology needs.
• The Citizens’ Bond Oversight Committee approved the bond premium recommendation on June 24, 2026.
• The district will review numerous contracts and purchases above $50,000 already included in the adopted budget.
• Major contract items include food services, insurance, technology, transportation, and instructional support.
• Personnel actions include hiring, separations, transfers, and other routine staffing approvals.
• The district plans to sell unused lawn equipment estimated to be worth more than $10,000.
• Legislative updates include statewide ballot measures affecting education funding and government revenue.
• Bond and financial decisions will continue to be monitored through district reporting processes.

Official Sources

• Meeting source: https://thompsonschools.community.diligentoneplatform.com/Portal/MeetingInformation.aspx?Org=Cal&id=481
• Meeting listing: https://thompsonschools.community.diligentoneplatform.com/Portal/
• Public body website: https://www.tsd.org/BOE
• Meeting video: Not available
• Video channel: Not available

About the Public Body

• Name: Thompson School District Board of Education
• Organization type: school-district
• Government body: school-boards
• Location: Loveland, colorado
• County: Larimer County
• Provider: diligent-community

Keywords

Thompson School District, Board of Education, Loveland, Larimer County, study session, school finance, cash flow loan, Colorado Interest-Free Cash Flow Loan Program, bond premium, capital projects, facilities, technology, contracts, purchasing, personnel, staffing, Human Resources, nutrition services, transportation, insurance, legislative update, TABOR, Loveland Urban Renewal Authority, student services, public schools