California School Boards Assn Finance Corporation

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 services of the csba finance corporation's financing team. Districts can take advantage of fixed or variable rate financing options.

The flexfund program is a lease/purchase financing program for financings under $1.5 million that provides low-cost borrowing to districts for capital improvements and equipment purchases such as: energy modernization projects, bus and relocatable purchases, and outfitting computer labs with hardware, software and furnishings. The go bond program saves taxpayers money by refinancing outstanding debt obligation bonds into lower interest rates. Smaller refinancings can be completed by combining high fixed costs into refunding pools.total form 990, part iii, line 4d, other program services