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Meeting Date:
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8/2/2023 - 4:30 PM
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Category:
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Fiscal Services
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Type:
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Info/Action
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Subject:
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17.1 Approve 2023-2024 Dry Period Financing Application through County of Placer
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District Goals and Beliefs:
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Belief 2 - A culture of accountability shall drive excellence and promote the district vision of teaching and learning.
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Enclosure
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Board Item Staff Report
2023-2024 Dry Period Funding Application
2023-2024 Cash Flow Document
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File Attachment:
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Summary:
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Due to the intermittent nature of revenue receipts, school districts may experience cash shortages at various times throughout the fiscal year. The Placer County Treasurer offers dry period financing to public agencies to accommodate these shortages as they occur. This alleviates the need to borrow from external sources.
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Funding:
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General Fund charges for interest if dry period funding is activated
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Recommendation:
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Approve 2023-2024 Dry Period Financing Application through County of Placer
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Approvals:
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Recommended By:
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Signed By:
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Todd Rivera - Assistant Superintendent Chief Business Officer
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Signed By:
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Kerstin Kramer - Superintendent CLO
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Vote Results:
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| Original Motion | | Member Patrick Mooney Moved, Member Kirsten Livak seconded to approve the Original motion 'Approve 2023-2024 Dry Period Financing Application through County of Placer'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Kirsten Livak | Yes | | Dianna Driller | Yes | | Cristina Hennessey | Yes | | Patrick Mooney | Yes | | Denyelle Nishimori | Yes | |
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