Cash Reserve Program

Temporary cash flow for K-14 districts and COEs

School districts, community college districts, and county offices of education are facing cash shortfalls due to the irregular receipt of state aid and property tax revenues. The Cash Reserve Program sponsored by CSBA helps guard against temporary cash flow shortages in a safe, cost-effective way by creating an additional cash reserve to the general fund.

Participants issue Tax and Revenue Anticipation Notes (TRANs) through a streamlined, pooled process. With more than 5,900 TRANs issued, the Cash Reserve Program is a leading cash management tool designed to supplement issuers’ general fund cash reserves for the fiscal year and to act as a buffer for temporary cash flow needs. Proceeds from the sale of a Cash Reserve Program TRAN issue may be used to fund imbalances caused by the mismatch between revenues and expenditures.

Upcoming and Recent Financings

Select a financing to learn more.

Ed-Tech Bonds®

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Ed-Tech Bonds®

Developed and patented by DS&C, Ed-Tech Bonds® provide a fiscally responsible, ongoing solution to the statewide problem of financing educational technology

Cash Reserve Program

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Cash Reserve Program

Guard against temporary cash flow shortages in a safe, cost-effective way by creating an additional cash reserve to the general fund.

CAB Restructuring Bonds®

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CAB Restructuring Bonds®

CAB Restructuring Bonds® allow districts to convert costly capital appreciation bonds into lower-cost current interest bonds, saving millions.

GO Flex-Bonds®

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GO Flex-Bonds®

GO Flex-Bonds® provide districts with an ongoing source of facility funding with reduced borrowing costs and greater fiscal controls.

GO Reauthorization Bonds®

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GO Reauthorization Bonds®

Avoid stalled GO bond programs by seeking voter approval to keep projects on track without increasing debt.

Win Win

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Win Win

Author Dale Scott demystifies the often complex process of planning, structuring, passing and selling K-14 GO bonds.