Asks the county for a temporary cash transfer of up to $30 million for 2019-20

The Board adopts a resolution asking the Alameda County Treasury for a temporary transfer of funds of up to $30 million. The text says the request is due to ups and downs in the district's revenue and receipts during fiscal year 2019-2020.

Plain-English summary written by AI from the official text. AI summary · amounts checked against official text

Notes on the official text

The direction was corrected to revenue by two of three independent readings.

Vendor / partner: Alameda County Treasury
Action: Resolution or policy
Category: Budget, finance & payments
Term: Jul 1, 2019 – Jun 30, 2020
This vote: $30,000,000
Presented by: Chief Financial Officer
File: 19-1509 · agenda P.-1
Outcome: Adopted on the General Consent Report, Aug 28, 2019

Official text

Approval by the Board of Education of Resolution No. 1920-0002 - Requesting Temporary Transfer of Funds In An Amount Not To Exceed $30 Million Dollars From The Alameda County Treasury Due To Fluctuation In District Revenue And Receipts For Fiscal Year 2019-2020.

History

Aug 28, 2019 Adopted on the General Consent Report

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