REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
June 10, 2025
FROM
ENSEN MASON, Auditor-Controller/Treasurer/Tax Collector
SUBJECT
Title
Temporary Transfer of Funds - Needles Unified School District
End
RECOMMENDATION(S)
Recommendation
1. Approve the recommendation of the Auditor-Controller/Treasurer/Tax Collector for temporary transfer of funds to the Needles Unified School District, in the total amount of $1,274,347, as listed on Attachment A.
2. Adopt Resolution pertaining to the temporary transfer of funds in the custody of the San Bernardino County Treasurer, and the necessity for providing such funds for meeting the obligations of the Needles Unified School District, as listed on Attachment A.
(Presenter: Ensen Mason, Auditor-Controller/Treasurer/Tax Collector, 382-7000)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
Pursue County Goals and Objectives by Working with Other Agencies and Stakeholders.
FINANCIAL IMPACT
Approval of this item will not result in the use of additional Discretionary General Funding (Net County Cost). San Bernardino County (County) interest earnings will be reduced when the Needles Unified School District (District) utilizes the temporary transfer of funds (TTF). The District TTF is non-interest bearing and potentially reduces the amount of the County funds available for County use until repayment is completed. Approval of this item will establish a "line of credit" in the amount of $1,274,347 for the District to draw on, as needed, to be repaid by April 27, 2026.
BACKGROUND INFORMATION
The Auditor-Controller/Treasurer/Tax Collector (ATC) has received a request from the District for a TTF, in accordance with the provisions of Article XVI, Section 6 of the California Constitution and Section 42620 of the California Education Code. These provisions require the Board of Supervisors (Board) to order the...
Click here for full text