Mountain View Whisman School District
Agenda Item for Board Meeting of 7/2/2020
Agenda Category: REVIEW AND ACTION
Agenda Item Title: Resolution No. 02-070220 to Authorize Temporary Borrowing Between School District Funds (5 minutes)
Estimated Time:
Person Responsible: Rebecca Westover, Ed.D
Chief Business Officer
Background:
This resolution would allow temporary transfers between any funds of the District as instructed by the Superintendent or his designee and authorizes the Santa Clara County Treasurer to honor warrants drawn on those funds regardless of their cash balances, provided the aggregate cash balance of all those funds is positive.
Fiscal Implication: None
Recommended Action: That the Board of Trustees approve Resolution No. 02-070220 to Authorize Temporary Borrowing between Funds of the School District.
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