1. $49,999,957
   REDONDO BEACH UNIFIED SCHOOL DISTRICT
   GENERAL OBLIGATION BONDS
   (Los Angeles County, California)
2. $45,905,000
   KERN COMMUNITY COLLEGE DISTRICT
   REFUNDING CERTIFICATES OF PARTICIPATION
   (Kern County, California)
3. $8,000,000
   ORLAND JOINT UNIFIED SCHOOL DISTRICT
   GENERAL OBLIGATION BONDS
   (Counties of Glenn and Tehama, California)
4. $65,000,000
   STOCKTON UNIFIED SCHOOL DISTRICT
   GENERAL OBLIGATION BONDS
   (San Joaquin County, California)
5. $117,190,000
   GOLDEN EMPIRE SCHOOLS FINANCING AUTHORITY
   2008 LEASE REVENUE REFUNDING NOTES
   (Kern County, California)
6. $7,999,828.50
   ENTERPRISE ELEMENTARY SCHOOL DISTRICT
   GENERAL OBLIGATION BONDS
   (Shasta County, California)
7. $9,998,688
   SISKIYOU JOINT COMMUNITY COLLEGE DISTRICT
   GENERAL OBLIGATION BONDS
   (Counties of Siskiyou and Shasta, California)
8. $9,720,000
   PACIFIC GROVE UNIFIED SCHOOL DISTRICT
   GENERAL OBLIGATION BONDS
   (Monterey County, California)
9. $40,000,000
   HEMET UNIFIED SCHOOL DISTRICT
   GENERAL OBLIGATION BONDS
   (Riverside County, California)
10. $50,000,000
    GAVILAN JOINT COMMUNITY COLLEGE DISTRICT
    GENERAL OBLIGATION BONDS
    (Santa Clara County, California)
11. $100,000,000
    PERALTA COMMUNITY COLLEGE DISTRICT
    GENERAL OBLIGATION BONDS
    (Alameda County, California)
12. $47,275,000
    KERN COMMUNITY COLLEGE DISTRICT
    2007 REFUNDING CERTIFICATES OF PARTICIPATION
    (Kern County, California)
13. $42,000,000
    PALM SPRINGS UNIFIED SCHOOL DISTRICT
    GENERAL OBLIGATION BONDS
    (Riverside County, California)
14. $8,499,984.80
    DINUBA UNIFIED SCHOOL DISTRICT
    GENERAL OBLIGATION BONDS
    (Tulare County, California)
15. $11,545,000
    EAST SIDE UNION HIGH SCHOOL DISTRICT
    GENERAL OBLIGATION REFUNDING BONDS
    (Santa Clara County, California)
16. $19,997,738.75
    EAST SIDE UNION HIGH SCHOOL DISTRICT
    GENERAL OBLIGATION BONDS
    (Santa Clara County, California)
17. $2,600,000
    LOS OLIVOS SCHOOL DISTRICT
    GENERAL OBLIGATION BONDS
    (Santa Barbara County, California)
18. $23,650,000
    SANTA BARBARA SCHOOLS FINANCING AUTHORITY
    2007 GENERAL OBLIGATION REVENUE BONDS
    (Santa Barbara County, California)
19. $13,265,000
    SANTA BARBARA SCHOOLS FINANCING AUTHORITY
    2007 GENERAL OBLIGATION REVENUE BONDS
    (Santa Barbara County, California)
20. $60,000,000
    STOCKTON UNIFIED SCHOOL DISTRICT
    GENERAL OBLIGATION BONDS
    (San Joaquin County, California)

Bridge financing can provide school districts and community college districts with a financing mechanism to jump-start the funding of their capital projects while avoiding the high interest costs and complicated legal hurdles of long-term financing.

The structure of bridge financing can involve a variety of financing techniques including Bond Anticipation Notes, Grant Anticipation Notes, Project Notes, or specially designed Certificates of Participation. Dale Scott & Company has had more experience at developing hand-tailored bridge financing solutions for California’s K-14 districts than any other financial advisory firm in the State. Recent examples of the types of challenges that have been addressed by bridge financing programs designed by DS&C include:

General Obligation Bond Tax-rate Limitations: The recent impacts of a slowing real estate market on assessed valuations have placed severe strain on the tax rate limitations imposed under Proposition 39 general obligation bonds. Dale Scott & Company has structured bridge financing programs for numerous clients that allow for the continuation of their construction programs while remaining in compliance with their GO bond's tax rate.

Future State or Federal Grants: Too often, State or federal grants are only available after program construction begins. Through the use of either Grant Anticipation Notes or by leveraging existing general obligation bond authority through General Obligation Bond Anticipation Notes, a district can obtain up-front funding to begin its project and then retire the debt when the grant is received.