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.