Review Agenda Item
1.1 Call to Order
1.2 Roll Call
2.1 Public Comment on Items Scheduled for Discussion in Closed Session
3.1 Conference with Legal Counsel – Anticipated Litigation: Significant Exposure to L
3.2 Public Employee Appointment Pursuant to Government Code §54957 Personnel Action R
3.3 Conference with Real Property Negotiators (Pursuant to Government Code section 54
4.1 Adjourn to Closed Session
5.1 Reconvene into Open Session at 7:00 p.m.
6.1 Pledge of Allegiance and Roll Call
7.1 Approval of the Meeting Agenda
8.1 Conference with Legal Counsel – Anticipated Litigation: Significant Exposure to L
8.2 Public Employee Appointment Pursuant to Government Code §54957 Personnel Action R
8.3 Conference with Real Property Negotiators (Pursuant to Government Code section 54
9.1 Board Member Reports
10.1 Student Board Member Reports
11.1 Superintendent's Report
12.1 District Organizations: At regular Board meetings, a single spokesperson of each
13.1 Public Comment on Items Not on the Agenda
14.1 Consolidated Motion
14.2 Personnel Report
14.3 District Credit Card for Associate Superintendent Education Services
14.4 Declaration of Sale or Disposal of Surplus Property
14.5 Change Order #2F Between Mountain View Los Altos High School District and Bay Po
14.6 Change Order #8D Between Mountain View Los Altos High School District and Genera
14.7 Change Order #8A Between Mountain View Los Altos High School District and Sausal
14.8 Gifts And Donations
16.1 Update on Summer School
16.2 Update on Physical School Return
16.3 Out of District Courses
16.4 Resolution No. 21-27 to Authorize Issuance of Tax Revenue Anticipation Notes (T
16.5 Proposed Date Change for the Regular Board of Education Meeting, May 24, 2021
17.1 Review of Calendar Events
17.2 Communications/Correspondence
17.3 Legislative Update
17.4 Board Suggestions for Future Board Reports/Meetings
17.5 Date, Time and Place of Next Meeting
18.1 Items not Completed During the First Closed Session will be Carried Over to this
19.1 The Board will Reconvene Open Session and Report Out Any Action Taken During Sec
20.1 Adjournment
Print
Meeting Date:
4/5/2021 - 5:00 PM
Category:
Business/Action Items
Type:
Action
Subject:
16.4 Resolution No. 21-27 to Authorize Issuance of Tax Revenue
Anticipation Notes (TRANs)
LCAP (Local Control Accountability Plan) Goal
:
Enclosure
File Attachment:
Resolution 21-27.pdf
Summary
:
Provides the opportunity to participate in the California School Cash
Reserve Program sponsored by California School Boards Association
Finance Corporation. The Program is consistently the largest pooled
tax and revenue anticipation note (“TRAN”) financing for California
school districts, community college districts, and county offices of
education. The 2021-2022 Program will be the 34th year of the
Program.
TRANs are short-term debt instruments issued by school districts
throughout the State to create an additional reserve to the general
fund. In our District, this reserve will act as a cushion to the general
fund in the event that we experience temporary cash flow needs.
By issuing our TRAN through the Cash Reserve Program, we will
benefit from significantly lower issuance costs than issuing a TRAN as an individual district. The Program groups districts with similar
credit characteristic into separate series of TRANs within the pool to
ensure all participants get the appropriate interest rate for their
TRAN.
The maximum amount of borrowing not to exceed $15M.
Funding
:
Recommendation
:
Approve Resolution No. 21-27 to authorize issuance of Tax Revenue
Anticipation Notes (TRANs).
Approvals:
Recommended By:
Signed By:
Irene Aguilar - Administrative Assistant
Signed By:
Mike Mathiesen - Associate Superintendent
Signed By:
Nellie Meyer - Superintendent
Vote Results:
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