Authorization to Borrow $16.6 Million for 2025-26 Cash Flow
The official document
What the district published
This is the source material — exactly as released by RUSD. The plain English translation below is this site's version, written for community members who shouldn't need a budget degree to understand where their school dollars go.
Original PDF coming soon — check reedschools.org for the source document.
In plain English
What this document actually says
This resolution authorizes Reed Union School District to borrow up to $16,587,344.25 through a Tax Anticipation Note (TAN) for the 2025-26 fiscal year. TANs are short-term loans that school districts use to cover expenses during the year while waiting for property tax revenue to arrive from the county. California law allows districts to borrow money this way to maintain operations when there's a timing gap between when they need to pay bills and when they receive tax payments. The note will be repaid when the district receives its tax revenue later in the fiscal year. This is the first tax anticipation borrowing for the 2025-26 year. The resolution was scheduled for board approval on June 10, 2025.
What this means for your family
This borrowing ensures the district has enough cash on hand to pay teachers, staff, and operating expenses throughout the school year, even when property tax payments arrive later than bills are due. It's a routine financial management tool that prevents disruptions to daily school operations and doesn't create new debt beyond the fiscal year.
Summaries are AI-assisted and based on the original district document shown above. Nothing has been editorialized — interpretations are clearly labeled. This site is maintained by Lina Godfrey's campaign as a community resource.