Results tagged “cash flow”
California's budget problems are creating an unsustainable cash flow situation for public schools, which have been forced to cope with multiple payment deferrals. While districts can reliably access Tax and Revenue Anticipation Notes (TRANs) to address most of their cash flow concerns, charter schools have far fewer options. CCSA, together with financial partners Nonprofit Finance Fund (NFF), Enterprise Community Partners and Low Income Investment Fund (LIIF), launched an Emergency Loan Program in response to Spring 2011 state delays. The program provided approximately $2.2 million in loans at a competitive rate.From: In the News. Published May 11, 2011. Last Modified June 16, 2011.
In California, there is a persistent and clear pattern of funding inequity for charter schools. It is an issue that has been exacerbated by the tough economic times the state has gone through for the past decade. CCSA continues to work on increasing charter access to working capital options that allow schools to address their financial needs so they can focus on educating students.From: In the News. Published May 9, 2011. Last Modified May 9, 2011.