An effective cash management tool

Many schools find it prudent to supplement their reserves with proceeds from the Cash Reserve Program. By providing an additional reserve to the general fund, the TRANs Program offers participants a low-cost cash management tool.

Low borrowing costs

The Program’s structure and low issuance costs combine to produce a cost-effective short-term financing solution. By pooling the issuance of TRANs throughout the State, the Program is able to commit to low financing costs. Participants TRANs are grouped based on their credit characteristics to ensure every issuer obtains the lowest possible interest rate.

Maximum investment opportunity

Participants in the program may choose to invest their TRAN proceed in their local county treasurer’s investment pool or a fixed rate investment agreement, allowing participants full flexibility to access to their funds.

Easy and efficient administration

CSBAFC, Piper Jaffray & Co. and Orrick, Herrington & Sutcliffe structure, coordinate and administer the entire program, minimizing the time and effort required by your staff. The program provides board agenda ready documents, assistance with your cash flow projections, closing statements with details needed by your auditors.

A Proven Track Record

The cost-effective, low risk Cash Reserve Program has a proven track record of meeting school districts’ needs. The economics, low-risk, flexibility and simplicity make the Program an attractive solution in meeting districts' cash flow needs. Providing high quality service, fiscal performance and safety features are our most important objectives. We deliver a safe, simple, and superior product and service.