How Will CSFA’s ASAP Program Help My Charter School Survive the State’s Apportionment Deferrals?
The deferral of State apportionment payments for up to seven months will create unprecedented financial challenges for California’s charter schools. Many charters will need to consider some form of external, short-term borrowing to maintain financial liquidity.
In coordination with the California Debt and Investment Advisory Committee (CDIAC), this California School Finance Authority (CSFA) webinar will brief charter schools on aspects of the State’s FY 2020-21 budget related to cash flow management; present the short-term borrowing options available to charters; and, describe CSFA’s ASAP (Advances of State Aid Payments) Program, which will provide charter schools with lower cost, timely and fully-transparent access to the capital markets. Register “ASAP” to learn more about this cost-effective state borrowing program.
Date & Time: Thursday, September 17, 2020 1:00 PM – 2:30 PM PT
Moderator: Katrina Johantgen, California School Finance Authority
Marc Bauer, Orrick, Herrington & Sutcliffe
Mike Kremer, Montague DeRose and Associates, LLC
Eric Premack, Charter School Development Center
John Solarczyk, RBC Capital Markets
Nicolas Watson, California Charter Schools Association