Department: Management and Budget
Department Head/Elected Official: David Berry, County Administrator
Regular or Supplemental RCA: Regular RCA
Type of Request: Commercial Paper
Project ID (if applicable): PROPERTY_ACQ
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Participation (if applicable): N/A
Request Summary (Agenda Caption):
title
Request for approval to decrease the Office of the County Engineer commercial paper funding for the close out of Property Acquisition project in the amount of $52,000 for a net CP funding of $1,818,000.
end
Background and Discussion:
Commercial Paper Series D can be used for (1) construction of public works, (2) the purchase of automobiles, equipment and machinery, including computers, materials and supplies for the operation of the County’s precincts and departments (3) Professional services, including services provided by engineers, architects, attorneys, auditors, financial advisors, and fiscal agents, in connection with the contractual obligations described in (1) and (2).
Engineering requests to close out Property Acquisition project.
Commercial Paper is expected to be repaid within the next three fiscal years either through bonds, budgetary means or pay-as-you-go sources.
Expected Impact:
CP funding reduction increases CP capacity.
Alternative Options:
N/A
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
_ Governance and Customer Service
Prior Court Action (if any):
|
Date |
Agenda Item # |
Action Taken |
|
12/01/2020 |
1o |
Project authorization |
|
12/01/2020 |
4g |
CP funding allocated |
|
02/09/2021 |
21-064 |
Additional project authorization |
|
02/09/2021 |
21-176 |
Additional CP funding allocated |
Location:
Address (if applicable): N/A
Precinct(s): Countywide
|
Fiscal and Personnel Summary |
|
Service Name |
- |
FY 21-22 |
Estimates |
|
|
|
|
FY 22 |
Next 3 FYs |
|
Incremental Expenditures |
|
Labor Expenditures |
- |
- |
- |
|
Non-Labor Expenditures |
- |
- |
- |
|
Total Incremental Expenditures |
- |
- |
- |
|
Funding Sources (General Fund, PIC Fund, Debt or CP, Grants, or Other - Please Specify) |
|
Existing Budget |
- |
- |
- |
- |
|
|
- |
- |
- |
- |
|
|
- |
- |
- |
- |
|
Total Current Budget |
- |
- |
- |
|
Additional Budget Requested |
- |
- |
- |
- |
|
|
- |
- |
- |
- |
|
|
- |
- |
- |
- |
|
Total Additional Budget Requested |
- |
- |
- |
|
Total Funding Sources |
- |
- |
- |
|
Personnel (Fill out section only if requesting new PCNs) |
|
Current Position Count for Service |
- |
- |
- |
|
Additional Positions Requested |
- |
- |
- |
|
Total Personnel |
- |
- |
- |
Anticipated Implementation Date: October 12, 2021
Emergency/Disaster Recovery Note: Not an emergency, disaster, or COVID-19 related item
Contact(s) name, title, department: Amy Perez, Financial Management, Office of Management and Budget
Attachments (if applicable): N/A