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.
|
|
|
|
|
|
Series |
Principal Amount |
Interest Due |
Payable Date |
|
A-1 |
$ 2,640,000 |
$ 9,482.30 |
03/11/25 |
|
A-1 |
$ 2,860,000 |
$ 7,953.15 |
03/11/25 |
|
A-1 |
$ 1,250,000 |
$ 3,178.08 |
03/11/25 |
|
C |
$ 3,300,000 |
$ 8,390.14 |
03/11/25 |
|
C |
$ 3,490,000 |
$ 7,744.93 |
03/11/25 |
|
D |
$ 1,530,000 |
$ 5,688.25 |
03/11/25 |
|
D |
$ 3,950,000 |
$ 10,984.25 |
03/11/25 |
|
D |
$ 2,270,000 |
$ 5,771.40 |
03/11/25 |
|
D-2 |
$ 1,580,000 |
$ 6,768.03 |
03/18/25 |
|
D-3 |
$ 1,460,000 |
$ 6,254.00 |
03/18/25 |
|
D-3 |
$ 240,000 |
$ 748.80 |
03/18/25 |
|
J-1 |
$ 10,360,000 |
$ 23,047.45 |
03/11/25 |
|
K |
$ 1,980,000 |
$ 5,012.38 |
03/12/25 |
|
K-2 |
$ 5,520,000 |
$ 13,973.92 |
03/11/25 |
|
K-2 |
$ 14,445,000 |
$ 38,783.84 |
03/18/25 |
|
K-2 |
$ 11,790,000 |
$ 30,912.41 |
03/18/25 |
|
|
Total |
$ 184,693.33 |
|
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.
|
Fiscal and Personnel Summary |
|
Service Name |
|
|
|
|
Current Fiscal Year Cost |
Annual Fiscal Cost |
|
|
Labor |
Non-Labor |
Total |
Recurring Expenses |
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Funding Sources |
|
|
Existing Budget |
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|
|
|
|
Other |
$ |
$184,693.33 |
$184,693.33 |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Existing Budget |
$ |
$184,693.33 |
$184,693.33 |
$ |
|
Additional Budget Request (Requires Fiscal Review Request Form) |
|
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Additional Budget Request |
$ |
$ |
$ |
$ |
|
Total Funding Sources |
$ |
$184,693.33 |
$184,693.33 |
$ |
|
Grants - Proposed Budget (To be filled out by Grants staff only) |
|
|
Labor |
Non-Labor |
Total |
No. of Grant Years |
|
Local Match Source - Existing Budget: Choose an item. |
$ |
$ |
$ |
|
|
Local Match Source - Additional Budget Request: Choose an item. |
$ |
$ |
$ |
|
|
Grant Funds Applied for/Awarded (Total) |
$ |
$ |
$ |
|
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Personnel (Fill out section only if requesting new PCNs) |
|
|
Current Position Count for Service |
- |
- |
- |
- |
|
Additional Positions Request |
- |
- |
- |
- |
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Total Personnel |
- |
- |
- |
- |
Anticipated Court Date: 3/5/2025
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