Organizations Filed Purposes:
TO RENDER VARIOUS TYPES OF FINANCIAL ASSISTANCE SERVICES TO SCHOOL DISTRICTS, COUNTY OFFICES OF EDUCATION, OR ANY OTHER POLITICAL SUBDIVISION OR PUBLIC AGENCY OR BODY, A PRIMARY PURPOSE OF WHICH IS EDUCATION, IN THE STATE OF CALIFORNIA.
PROVIDE FINANCIAL ASSISTANCE SERVICES TO PUBLIC SCHOOL DISTRICTS.
THROUGH THE CALIFORNIA CASH RESERVE PROGRAM, SCHOOL DISTRICTS ARE OFFERED TAX AND REVENUE ANTICIPATION NOTES (TRANS). TRANS ARE TAX-EXEMPT, SHORT-TERM SECURITIES USED EXTENSIVELY BY ALL TYPES OF GOVERNMENTAL ENTITIES AS A CASH MANAGEMENT TOOL. STATE AND LOCAL GOVERNMENTS, COUNTY OFFICES OF EDUCATION, SCHOOL DISTRICTS AND COMMUNITY COLLEGE DISTRICTS ISSUE TRANS TO SUPPLEMENT THEIR GENERAL FUND CASH RESERVES FOR THE FISCAL YEAR AND TO ACT AS A CUSHION FOR ANY TEMPORARY CASH FLOW NEEDS.
OPEB SOLUTIONS PROGRAM IS A FULL SERVICE GASB-COMPLIANT, IRS-APPROVED TRUST PROGRAM DESIGNED TO HELP DISTRICTS AND COUNTY OFFICES OF EDUCATION OFFER NON-PENSION RETIREMENT BENEFITS AND LOWER THEIR OTHER POST EMPLOYMENT BENEFITS (OPEB)LIABILITY. THIS IS TO COMPLY WITH GOVERNMENT ACCOUNTING STANDARD BOARD STATEMENT NOS. 45 AND 75. THESE ACCOUNTING STANDARDS REQUIRE DISTRICTS AND COUNTY OFFICES OF EDUCATION TO RECORD THEIR OTHER POST-EMPLOYMENT BENEFITS AS AN EXPENSE AND OBLIGATION ON THEIR FINANCIAL STATEMENTS.
THE CERTIFICATES OF PARTICIPATION PROGRAM PROVIDES DISTRICTS AN OPTION TO FINANCE CAPITAL EQUIPMENT OR REAL PROPERTY ACQUISITIONS AND IMPROVEMENTS. THROUGH THIS PROGRAM, SCHOOLS CAN UTILIZE THE FINANCE CORPORATION AS THE NOT-FOR-PROFIT CORPORATION WHILE ACCESSING THE PROVEN SKILLS AND SERVICES OF THE CSBA FINANCE CORPORATION'S FINANCING TEAM. DISTRICTS CAN TAKE ADVANTAGE OF FIXED OR VARIABLE RATE FINANCING OPTIONS.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Vernon Billy | FORMER BOARD MEMBER/DIRECTOR | 0 | $0 |
| Naomi Eason | ASSISTANT EXECUTIVE DIRECTOR, MEMBER SERVICES | 4 | $0 |
| Andrew Exner | SECRETARY TO 9/1/20 | 8 | $0 |
| Stephen Pogemiller | DIRECTOR/TREASURER | 1 | $0 |
| Suzanne Kitchens | ASSISTANT VP AS OF 1/24/20 | 0.2 | $0 |
| Xilonin Cruz-Gonzalez | ASST VP AS OF 2/8/19 & PRES 1/24/20 | 0.2 | $0 |
| Mike Walsh | VICE PRES AS OF 2/8/19 TO 12/7/19 | 0.2 | $0 |
| Emma Turner | PRES AS OF 2/8/19 AND VP 1/24/20 | 0.2 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202130929349301463_public.xml