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Meeting Date:
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10/21/2020 - 3:00 PM
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Category:
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Action Items
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Type:
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Action
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Subject:
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14.7 BUSINESS: Resolution No. 04:20-21 - Resolution Authorizing and Approving the Borrowing of Funds for Fiscal Year 2020-21; the Issuance and Sale of a 2020-21 Tax and Revenue Anticipation Note Therefor and Participation in the Riverside County Office of Education Pooled Cross Fiscal Year 2020-21 Tax and Revenue Anticipation Notes Program (funded through the General Fund in an estimated cost not to exceed $75,000)
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Strategic Plan:
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Enclosure
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File Attachment:
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Summary:
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See attached Summary.
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Funding:
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The cost for this item is included in the 2020-21 operating budget funded through the General Fund.
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Recommendation:
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It is recommended that the Board of Trustees adopt Resolution No. 04:20-21 - Resolution Authorizing and Approving the Borrowing of Funds for Fiscal Year 2020-21; the issuance and sale of a 2020-21 Tax and Revenue Anticipation Note therefor and participation in the Riverside County Office of Education Pooled Cross Fiscal Year 2020-21 Tax and Revenue Anticipation Notes Program.
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Approvals:
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Recommended By:
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Signed By:
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Alisha Fogerty - Director of Fiscal Services
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Signed By:
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Candace Reines - Deputy Superintendent
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Signed By:
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Grant Bennett - Superintendent
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Vote Results:
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| Original Motion | | Member David Nelissen Moved, Member Dr. Randall Freeman seconded to approve the Original motion 'It is recommended that the Board of Trustees adopt Resolution No. 04:20-21 - Resolution Authorizing and Approving the Borrowing of Funds for Fiscal Year 2020-21; the issuance and sale of a 2020-21 Tax and Revenue Anticipation Note therefor and participation in the Riverside County Office of Education Pooled Cross Fiscal Year 2020-21 Tax and Revenue Anticipation Notes Program.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Dr. Jose Luis Araux | Yes | | David Nelissen | Yes | | Edward Garcia, Jr. | Yes | | Anthony T. Stafford, Sr. | Yes | | Dr. Randall Freeman | Yes | |
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