California Community Colleges—Managing Cash in a Time of State Payment Deferrals

Dec 18, 2020 - Cash Flow and Cash Management Cash Position Fluctuates Throughout the Year. A district ’s cash position reflects how much cash (assets that are available to spend immediately) it has at any given point in time, based on when it incurs expenses and receives revenue.
https://lao.ca.gov/Publications/Report/4307

An Analysis of University Cash Management Issues

Nov 10, 2020 - The state must repay most of this borrowing with interest, but some internal borrowing is interest-free. Though internal and external borrowing is routine in most fiscal years, the state has other cash management tools it can use in extraordinary situations.
https://lao.ca.gov/Publications/Report/4293

The 2025-26 California Spending Plan: Higher Education

Nov 14, 2025 - On a cash basis, the state will pay actual costs as they are incurred in 2025-26 using a no-interest General Fund loan. On August 11, the administration issued an Executive Order authorizing a loan of $996  million.
https://lao.ca.gov/Publications/Report/5089

The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - To do so, the state is using a General Fund cash loan to cover the payments to students. This approach only works if the state is in a strong cash position. If the state ’s cash position weakens, which has happened during previous fiscal downturns, the state could find that internal borrowing is no longer an option.
https://lao.ca.gov/Publications/Report/5127

The 2026-27 Budget: University of California

Feb 26, 2026 - In 2025 ‑26, the state deferred a $130  million General Fund payment from 2025 ‑26 to 2026 ‑27, while allowing UC to take a no ‑interest General Fund cash loan to cover costs in the meantime. UC requested and received this cash loan in fall 2025.
https://lao.ca.gov/Publications/Report/5143

The 2017-18 Budget: Analysis of the May Revision Education Proposals

May 15, 2017 - From schools ’ perspective, only the accounting of the money would change in 2016 ‑17, with no effect on their programs or their cash situation. Lowering the amount that counts toward the minimum guarantee in 2016 ‑17, however, would lower the 2017 ‑18 guarantee.
https://lao.ca.gov/Publications/Report/3670

The 2026-27 Budget: California State University

Feb 24, 2026 - CSU requested and received this cash loan in fall 2025. The Governor ’s budget proposes to continue this arrangement, deferring $144  million from 2026 ‑27 to 2027 ‑28, along with offering another no ‑interest General Fund cash loan.
https://lao.ca.gov/Publications/Report/5142

Creating a Debt Free College Program

Jan 31, 2017 - Term ‑Based Limit for Debt Free College Program Provides Better Incentives. This is because the debt free college program pays for a student ’s living expenses as well as tuition. As a result, under a unit ‑based limit, a half ‑time baccalaureate ‑degree seeking student ’s debt free college aid package would cover eight years ’ worth of living expenses.
https://lao.ca.gov/Publications/Report/3540

The 2022-23 Budget: Student Financial Aid

Feb 18, 2022 - Background Cash for College Program Assists Students With Financial Aid Applications. CSAC ’s Cash for College outreach program provides workshops to help students complete their FAFSA or CADAA forms.
https://lao.ca.gov/Publications/Report/4548

The 2025-26 Budget: College of the Law, San Francisco

Mar 10, 2025 - This was the only student housing project that the state provided with up ‑front General Fund cash, with the understanding that doing so would notably reduce project costs and reduce associated rental rates.
https://lao.ca.gov/Publications/Report/5014