Review Agenda Item
1.1 Call to Order
1.2 Board Members and Superintendent Participating via Teleconference
1.3 Roll Call
2.1 Public Comment on Items Scheduled for Discussion in Closed Session
3.1 Public Employee Appointment Pursuant to Government Code §54957 Personnel Action R
3.2 Conference with Legal Counsel – Anticipated Litigation: Significant Exposure to L
4.1 Adjourn to Closed Session
5.1 Reconvene into Open Session at 7:00 p.m.
6.1 Roll Call
7.1 Approval of the Agenda
8.1 Public Employee Appointment Pursuant to Government Code §54957 Personnel Action R
8.2 Conference with Legal Counsel – Anticipated Litigation: Significant Exposure to L
9.1 Student Spotlight
9.2 Resolution No. 20-40: Resolution to Support Climate Action
9.3 Adoption of Resolution No. 20-41: Resolution of the Mountain View Los Altos Union
10.1 Board Member Reports
11.1 Student Board Member Reports
12.1 Recognition of May 2020 Student of the Month: Audrey Chang - Los Altos High Scho
13.1 Superintendent's Report
14.1 Public Comment on Items Not on the Agenda
15.1 Consolidated Motion
15.2 Personnel Report
15.3 Amended Reclassification Criteria for 2020-21
15.4 Agreement Between Mountain View Los Altos High School District and DS&C to Provi
15.5 Change Order #3A Between Mountain View Los Altos High School District and Beals
15.6 Change Order #3A Between Mountain View Los Altos High School District and Sausal
15.7 Award Bid for the District Office Roof Replacement Project: Bid Package A, Roof
15.8 Delegate Authority for the Associate Superintendent of Business Services, Upon F
17.1 Presentation on School Reopening
17.2 Presentation on Learning Management Systems
17.3 College NOW Program Presentation
17.4 MVLA Construction Update
17.5 2020-2021 Budget Planning Update
17.6 Resolution No. 20-38: Authorizing The Issuance And Sale Of Election Of 2018, Gen
17.7 Resolution No. 20-39 to Authorize Issuance of Tax Revenue Anticipation Notes (TR
18.1 Review of Calendar Events
18.2 Communications/Correspondence
18.3 PULLED BY STAFF: Legislative Update
18.4 Board Suggestions for Future Board Reports/Meetings
18.5 Date, Time and Place of Next Meeting
19.1 Items not Completed During the First Closed Session will be Carried Over to this
20.1 The Board will Reconvene Open Session and Report Out Any Action Taken During Sec
21.1 Adjournment
Print
Meeting Date:
5/18/2020 - 5:00 PM
Category:
Business/Action Items
Type:
Action
Subject:
17.7 Resolution No. 20-39 to Authorize Issuance of Tax Revenue Anticipation Notes (TRANs)
LCAP (Local Control Accountability Plan) Goal
:
Enclosure
File Attachment:
MVLA TRAN Resolution 20-39.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 2020-2021 Program will be the 33rd 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.
Funding
:
Recommendation
:
Approve Resolution No. 20-39 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
Powered By
ic-BOARD.com