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 Public Employee Appointment Pursuant to Government Code §54957 Personnel Action R
3.2 Conference with Labor Negotiator Regarding Negotiations with CSEA, DTA and Non-re
4.1 Adjourn to Closed Session
5.1 Reconvene to Open Session
6.1 Call to Order
6.2 Pledge of Allegiance and Roll Call
7.1 Approval of the Meeting Agenda
8.1 Public Employee Appointment Pursuant to Government Code §54957 Personnel Action R
8.2 Conference with Labor Negotiator Regarding Negotiations with CSEA, DTA and Non-re
9.1 MVLA Spotlight: MVHS Turkey Trot Coordinators
10.1 Board Member Reports
11.1 Student Board Member Reports
12.1 Recognition of April 2022 Students of the Month: Zach Fagin (Los Altos High Scho
13.1 Superintendent's Report
14.1 District Organizations: At regular Board meetings, a single spokesperson of each
15.1 Public Comment on Items Not on the Agenda
16.1 Personnel Report
16.2 Quarterly Report on Williams Uniform Complaints
16.3 Second Reading and Approval of 2021-2022 School Safety Plans
16.4 Agreement Between Mountain View Los Altos High School District and BMI Imaging S
16.5 MVLA Representatives to California Interscholastic Federation (CIF) for the 2022
16.6 Change Order #14E Between Mountain View Los Altos High School District and Ciari
16.7 Change Order #6C Between Mountain View Los Altos High School District and MK Pip
16.8 Warrants, March, 2022
16.9 Gifts And Donations
18.1 Report on MVLA Mathematics Framework
18.2 Mountain View Los Altos High School District A-G Grant - First Reading
18.3 Public Hearing: Disclosure of Proposed 2022-23 Salary Schedules for CSEA, DTA an
18.4 Approval of the proposed 2022-23 Salary Schedules for CSEA, DTA and Unrepresente
18.5 Resolution 21/22-38 Developer Impact Fee Adjustment
18.6 Resolution No. 21/22-37 to Authorize Issuance of Tax Revenue Anticipation Note
18.7 Resolution No. 21/22-39: Authorizing The Issuance And Sale Of Election Of 2018,
19.1 Review of Calendar Events
19.2 Communications/Correspondence
19.3 Board Suggestions for Future Board Reports/Meetings
19.4 Date, Time and Place of Next Meeting
20.1 Items not Completed During the First Closed Session will be Carried Over to this
21.1 The Board will Reconvene Open Session and Report Out Any Action Taken During Sec
22.1 Adjournment
Print
Meeting Date:
4/25/2022 - 7:00 PM
Category:
Business/Action Items
Type:
Action
Subject:
18.6 Resolution No. 21/22-37 to Authorize Issuance of Tax Revenue
Anticipation Notes (TRANs)
LCAP (Local Control Accountability Plan) Goal
:
Enclosure
File Attachment:
4.25.22 Resolution 21.22.37 TRAN Documents.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 2022-2023 Program will be the 35th 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. 21/22-37 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:
Original Motion
Member
Phil Faillace
Moved, Member
Fiona Walter
seconded to approve the
Original
motion 'Approve Resolution No. 21/22-37 to authorize issuance of Tax Revenue Anticipation Notes (TRANs).'. Upon a Roll-Call Vote being taken, the vote was: Aye:
5
Nay:
0
.
The motion
Carried
5 - 0
Phil Faillace
Yes
Sanjay Dave
Yes
Debbie Torok
Yes
Catherine Vonnegut
Yes
Fiona Walter
Yes
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