Review Agenda Item
1.1 Call to Order
2.1 Conference with Legal Counsel – Anticipated Litigation: Significant Exposure to L
2.2 Public Employee Appointment Pursuant to Government Code §54957 Personnel Action R
3.1 Public Comment on Items Scheduled for Discussion in Closed Session
4.1 Adjourn to Closed Session
5.1 Reconvene to Open Session
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
9.1 MVLA Spotlight: Los Altos High School Cross Country Team
9.2 Resolution No. 22/23-42: National Mental Health Month, May 2023
10.1 Board Member Reports
11.1 Student Board Member Reports
12.1 April 2023 Students of the Month: Jehan Sandhu, Mountain View High School; and M
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 Transportation Coordination License and Services Agreement Between HopSkipDrive
16.3 SELPA Master Contract Agreement Between Mountain View Los Altos High School Dist
16.4 MVLA Representatives to California Interscholastic Federation (CIF) for the 2023
16.5 Independent Inspector Agreement For Professional Services Between Mountain View
16.6 Change Order #7D Between Mountain View Los Altos High School District and Atlas
16.7 Second Reading and Approval of 2022-2023 School Safety Plans
16.8 Change Order #6C Between Mountain View Los Altos High School District and Robert
16.9 Change Order #11A Between Mountain View Los Altos High School District and Sausa
16.10 Declaration of Sale or Disposal of Surplus Property
16.11 Warrants, March, 2023
16.12 Gifts And Donations
16.13 Revision of Board Policy 3555 - Nutrition Program Compliance
16.14 Minutes for the Board of Trustees Study Session and Regular Meeting Conducted o
16.15 Resolution 22/23-41: AB 361 State and Local Agencies: Teleconferences
17.1 PULLED BY STAFF: Mountain View High School's Trip to Wichita State University, W
17.2 Contract Between Metropolitan Education District and Mountain View Los Altos Uni
18.1 Measure E Budget Adjustment
18.2 Award Bids For The Los Altos High School Facility Repairs - Increments 1&2 and 5
18.3 Award Bids for the Mountain View High School Facility Repairs - Increments 1&2:
18.4 Resolution No. 22/23-38 to Authorize Issuance of Tax Revenue Anticipation Notes
18.5 Public Hearing: Mountain View Los Altos High School District and the Classified
18.6 Mountain View Los Altos High School District (MVLA) and the Classified School Em
19.1 Board Suggestions for Future Board Reports/Meetings
19.2 Communications/Correspondence
19.3 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 Adjourn Meeting
Print
Meeting Date:
4/24/2023 - 7:00 PM
Category:
Business/Action Items
Type:
Action
Subject:
18.4 Resolution No. 22/23-38 to Authorize Issuance of Tax Revenue Anticipation Notes (TRANs)
LCAP (Local Control Accountability Plan) Goal
:
Enclosure
File Attachment:
4.24.23 Resolution 22.23.38 TRAN Dcouments.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 $20M.
Funding
:
Recommendation
:
Approve Resolution No. 22/23-38 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
Sanjay Dave
Moved, Member
Catherine Vonnegut
seconded to approve the
Original
motion 'Approve Resolution No. 22/23-38 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
Catherine Vonnegut
Yes
Thida Cornes
Yes
Esmeralda Ortiz
Yes
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