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Board approves routine $5 million temporary borrowing from Alameda County
Summary
Trustees approved a routine resolution allowing the district to borrow up to $5 million from the Alameda County Treasurer for cash-flow needs between property-tax receipts; the board voted 5-0 to authorize the borrowing.
The board approved Resolution O1 2025-26 authorizing temporary borrowing from the Alameda County Treasurer's office to address cash-flow timing between state receipts and property-tax distributions. The practice was described as routine: the county provides cash in September that the district repays when parcel and property taxes are distributed in December and April.
Budget staff explained that borrowing is a cash-flow mechanism, not a budgetary change, and that $5,000,000 has been the typical borrowing amount. "So we borrow $5,000,000," the presenter explained, noting that the district pays interest and often earns some interest while holding the funds. The motion passed unanimously, 5-0.
