“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.”
“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.”
“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.”
“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.”