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Legislation Details
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File #:
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25-0735
Version:
1
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Name:
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Type:
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Commercial Paper
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Status:
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Passed
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On agenda:
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2/6/2025
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Final action:
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2/6/2025
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Title:
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Request for approval to pay commercial paper interest.
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Primary Department: Management and Budget
Primary Department Head/Elected Official: Daniel Ramos, Executive Director
Secondary Department: N/A
Secondary Department Head/Elected Official:
Regular or Supplemental RCA: Regular RCA
Type of Request: Commercial Paper
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
Request Summary (Agenda Caption):
title
Request for approval to pay commercial paper interest.
end
Background and Discussion:
Financial Management Section of the Office of Management and Budget requests approval to pay interest on the following outstanding commercial paper interest.
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Series |
Principal Amount |
Interest Due |
Payable Date |
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A-1 |
$ 6,120,000 |
$ 64,586.96 |
03/05/25 |
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A-1 |
$ 6,180,000 |
$ 65,220.16 |
03/05/25 |
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A-1 |
$ 1,230,000 |
$ 13,374.99 |
03/06/25 |
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A-1 |
$ 150,000 |
$ 1,596.21 |
03/06/25 |
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A-1 |
$ 11,250,000 |
$ 112,438.36 |
03/06/25 |
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A-1 |
$ 1,860,000 |
$ 18,426.74 |
03/06/25 |
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A-1 |
$ 4,540,000 |
$ 35,654.55 |
03/06/25 |
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A-1 |
$ 15,090,000 |
$ 118,508.18 |
03/06/25 |
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A-1 |
$ 3,670,000 |
$ 17,032.82 |
03/06/25 |
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A-1 |
$ 5,990,000 |
$ 80,850.23 |
03/11/25 |
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A-1 |
$ 2,120,000 |
$ 16,466.30 |
03/11/25 |
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C |
$ 3,490,000 |
$ 27,843.51 |
02/12/25 |
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C |
$ 6,310,000 |
$ 66,592.11 |
03/05/25 |
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C |
$ 3,150,000 |
$ 34,253.01 |
03/06/25 |
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C |
$ 1,880,000 |
$ 20,005.78 |
03/06/25 |
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C |
$ 960,000 |
$ 7,539.29 |
03/06/25 |
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C |
$ 6,230,000 |
$ 48,926.84 |
03/06/25 |
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C |
$ 8,540,000 |
$ 66,331.23 |
03/11/25 |
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D |
$ 5,680,000 |
$ 45,813.48 |
03/05/25 |
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D |
$ 2,600,000 |
$ 25,757.81 |
03/06/25 |
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D |
$ 11,840,000 |
$ 92,984.55 |
03/06/25 |
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D |
$ 1,840,000 |
$ 12,451.51 |
03/06/25 |
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D |
$ 5,640,000 |
$ 26,175.78 |
03/06/25 |
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D |
$ 3,000,000 |
$ 30,772.60 |
03/10/25 |
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D |
$ 1,500,000 |
$ 11,650.68 |
03/11/25 |
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D |
$ 4,390,000 |
$ 34,097.67 |
03/11/25 |
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D-2 |
$ 5,280,000 |
$ 52,655.34 |
02/20/25 |
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D-2 |
$ 17,020,000 |
$ 182,389.12 |
03/04/25 |
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D-2 |
$ 860,000 |
$ 6,160.19 |
03/04/25 |
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D-2 |
$ 18,820,000 |
$ 125,459.79 |
03/05/25 |
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D-2 |
$ 4,835,000 |
$ 41,309.45 |
03/11/25 |
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D-3 |
$ 380,000 |
$ 3,789.59 |
02/20/25 |
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D-3 |
$ 100,000 |
$ 336.99 |
02/20/25 |
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D-3 |
$ 2,140,000 |
$ 22,932.59 |
03/04/25 |
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D-3 |
$ 460,000 |
$ 3,294.99 |
03/04/25 |
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D-3 |
$ 1,740,000 |
$ 11,599.36 |
03/05/25 |
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J-1 |
$ 19,640,000 |
$ 34,652.49 |
02/06/25 |
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K |
$ 2,930,000 |
$ 30,986.80 |
02/06/25 |
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K |
$ 6,380,000 |
$ 48,210.93 |
02/06/25 |
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K |
$ 3,410,000 |
$ 26,763.29 |
03/12/25 |
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K |
$ 18,580,000 |
$ 145,599.11 |
03/12/25 |
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K-2 |
$ 1,590,000 |
$ 8,347.50 |
02/11/25 |
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K-2 |
$ 1,650,000 |
$ 8,525.00 |
02/11/25 |
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K-2 |
$ 5,390,000 |
$ 27,848.33 |
02/11/25 |
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K-2 |
$ 5,815,000 |
$ 13,669.23 |
02/11/25 |
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K-2 |
$ 2,480,000 |
$ 6,352.88 |
02/13/25 |
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K-2 |
$ 11,790,000 |
$ 27,133.15 |
02/13/25 |
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Total |
$1,923,367.47 |
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Expected Impact: N/A
Alternative Options: N/A
County Strategic Plan Goal: N/A
County Strategic Plan Objective: N/A
Justice/Safety Initiative (Goal 1): Choose an item.
Infrastructure Initiative (Goal 2): Choose an item.
Economy Initiative (Goal 3): Choose an item.
Health Initiative (Goal 4): Choose an item.
Climate/Resilience Initiative (Goal 5): Choose an item.
Housing Initiative (Goal 6): Choose an item.
Additional notes related to the Strategic Plan: N/A
Prior Court Action (if any):
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Date |
Agenda Item # |
Action Taken |
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Location:
Address (if applicable):
Precinct(s): Choose an item.
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Fiscal and Personnel Summary |
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Service Name |
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Current Fiscal Year Cost |
Annual Fiscal Cost |
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Labor |
Non-Labor |
Total |
Recurring Expenses |
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Funding Sources |
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Existing Budget |
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Other |
$ |
$1,923,367.47 |
$1,923,367.47 |
$ |
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Choose an item. |
$ |
$ |
$ |
$ |
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Choose an item. |
$ |
$ |
$ |
$ |
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Total Existing Budget |
$ |
$1,923,367.47 |
$1,923,367.47 |
$ |
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Additional Budget Request (Requires Fiscal Review Request Form) |
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Choose an item. |
$ |
$ |
$ |
$ |
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Choose an item. |
$ |
$ |
$ |
$ |
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Choose an item. |
$ |
$ |
$ |
$ |
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Total Additional Budget Request |
$ |
$ |
$ |
$ |
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Total Funding Sources |
$ |
$1,923,367.47 |
$1,923,367.47 |
$ |
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Grants - Proposed Budget (To be filled out by Grants staff only) |
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Labor |
Non-Labor |
Total |
No. of Grant Years |
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Local Match Source - Existing Budget: Choose an item. |
$ |
$ |
$ |
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Local Match Source - Additional Budget Request: Choose an item. |
$ |
$ |
$ |
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Grant Funds Applied for/Awarded (Total) |
$ |
$ |
$ |
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Personnel (Fill out section only if requesting new PCNs) |
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Current Position Count for Service |
- |
- |
- |
- |
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Additional Positions Request |
- |
- |
- |
- |
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Total Personnel |
- |
- |
- |
- |
Anticipated Court Date: 2/6/2025
Anticipated Implementation Date (if different from Court date): Click or tap to enter a date.
Emergency/Disaster Recovery Note: Not an emergency, disaster, or COVID-19 related item
Contact(s) name, title, department: Amy Perez, Deputy Executive Director, Office of Management and Budget
Attachments (if applicable): N/A
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