Login

Financial Services


 

Contact

 

If you are in interested in any of our financial services, please contact Darla Warren, 1-888-367-6722, send email. Darla is our business manager and will be happy to get you started.

 
  
Cash Flow Help

 

Cash Flow Management Program

This program is designed for districts which experience temporary cash flow deficits due to delayed and uneven distributions of state aid payments or local property tax collections. It provides a cost efficient alternative proven superior to the traditional forms of cash flow borrowing and allows school districts to issue promissory notes to the program's participating banks in an amount equal to their maximum projected deficit plus one month's operating expenditures. Notes are issued with a fixed rate of interest and date of maturity.

A major benefit of this program is that districts enjoy a fixed rate of return on their investment at a rate higher than the interest paid on their promissory note. They also have the flexibility to draw and repay funds as often as necessary to meet cash flow needs.

To begin application for the Cash Flow Management Program, you will need to complete the Cash Flow Management Questionnaire and the Cash Flow Data Sheet. Print, complete, and submit each document to MSBA for consideration.

 

 

  
Documents

 

If you are interested in the Cash Flow service, you will need to submit these documents.

Cash Flow Data Sheet

Financial Questionnaire

  
Wednesday, November 22, 2017 MISSISSIPPI SCHOOL BOARDS ASSOCIATION
489 Springridge Rd., P.O.Box 203, Clinton, MS 39060
Phone: 601-924-2001   Fax:601-924-2003   Toll Free:888-367-6722