TRANS

Tax and Revenue Anticipation Notes

Create a summary of TRANS to share with the group. Synthesize the information below into a helpful 1-mintue description.

● Purpose: Cash Flow / Liquidity General Fund).
● Problem: Payroll is due monthly, but Property Taxes arrive in Dec/April.
● Solution: Borrow against future taxes within the same fiscal year.
● Repayment: Must be repaid within the fiscal year.