District Authorizes Cash Pool with County Treasurer
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Description
The Board is asked to adopt Resolution #2025/2026-15 authorizing temporary cash borrowing from the Santa Cruz County Treasurer for fiscal year 2026-27. This precautionary measure allows the district to access short-term financing if General Fund cash balances run negative.
Contract Details
Contract Amount
Up to the amount authorized under Education Code 42620 (not to exceed district cash shortfalls)
Vendor
SANTA CRUZ COUNTY TREASURER
Agency
Live Oak Unified, CA
Contract Type
FINANCIAL_SERVICES
Document Date
April 22, 2026
Contract Term
Fiscal Year 2026-27
Renewal Date
2027-06-30
Renewal Info
This temporary borrowing authority is adopted annually each April for the upcoming fiscal year; borrowing must be repaid under terms of Education Code 42620.
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