Live Oak Unified School District Board Meeting Agenda April 2026
Board Approves COE Temporary Cash Loan Authority
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Description
The Board is requested to adopt Resolution #2025/2026-16 permitting Live Oak School District to borrow up to $5 million in temporary cash from the Santa Cruz County Office of Education between April 26 and June 30, 2027. This provides a backstop for operating cash needs after access to the county schools pool ends.
Contract Details
Contract Amount
Up to $5,000,000 in temporary cash loans
Vendor
SANTA CRUZ COUNTY OFFICE OF EDUCATION
Agency
Live Oak Unified, CA
Contract Type
FINANCIAL_SERVICES
Document Date
April 22, 2026
Contract Term
April 26, 2027 through June 30, 2027
Renewal Date
2027-06-30
Renewal Info
This is an annual precautionary resolution adopted each April to enable temporary cash borrowing from the County Office of Education for the upcoming fiscal year.
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