Primary Department: Management and Budget
Primary Department Head/Elected Official: Daniel Ramos, Executive Director
Secondary Department: Universal Services
Secondary Department Head/Elected Official: Sindhu Menon, Executive Director & CIO
Regular or Supplemental RCA: Regular RCA
Type of Request: Commercial Paper
Project ID (if applicable): NI022
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 of commercial paper funding for Universal Services for the Security Infrastructure Installation and Upgrades project in the additional amount of $500,000 for a total CP funding of $23,420,000.
end
Background and Discussion:
Commercial Paper Series A-1 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).
Commercial Paper is being requested for the for Universal Services for the Security Infrastructure Installation and Upgrades project and is expected to be repaid within the next three fiscal years either through bonds, budgetary means or pay-as-you-go sources. This is for approval for allocation of commercial paper for a previously approved project within the previously authorized amount.
HB 1869 compliance confirmed by: Paige Abernathy, Assistant County Attorney, September 10, 2024.
Expected Impact:
This project refreshes security technology physical infrastructure, like video cameras and access control systems. Some of the current systems have exceeded their shelf life and/or are no longer supported. These systems will be retrofitted with the latest available technology to enhance security needs. The updated system will help to provide real-time feeds and alerts from multiple data sources in order to stay ahead of threats with intuitive workflows and data integrations to facilitate comprehensive intelligence collection and analysis-delivering automated, smart, and actionable insights to help make informed decisions.
Alternative Options:
No alternatives have been identified for this project.
County Strategic Plan Goal: N/A
County Strategic Plan Objective: N/A
Justice/Safety Initiative (Goal 1): N/A
Infrastructure Initiative (Goal 2): N/A
Economy Initiative (Goal 3): N/A
Health Initiative (Goal 4): N/A
Climate/Resilience Initiative (Goal 5): N/A
Housing Initiative (Goal 6): N/A
Additional notes related to the Strategic Plan:
Prior Court Action (if any):
|
Date |
Agenda Item # |
Action Taken |
|
03/14/2017 |
2.e.3 |
Request for approval of commercial paper funding for $1,065,000 |
|
01/09/2018 |
6.a.2 |
Request for approval of funding in the amount of $2,625,000 |
|
01/30/2018 |
4.f.1 |
Request for approval of commercial paper funding for $2,625,000 |
|
05/14/2019 |
6.a |
Request for approval of funding in the amount of $7,410,000 |
|
06/04/2019 |
4.e.2 |
Request for approval of commercial paper funding for $7,410,000 |
|
05/19/2020 |
4.f.7 |
Request for approval of commercial paper funding for $600,000 |
|
08/11/2020 |
4.c.2 |
Request for approval of commercial paper funding for $700,000 |
|
09/15/2020 |
4.e.2 |
Request for approval of commercial paper funding for $1,590,000 |
|
05/25/2021 |
21-2283 |
Request for approval of commercial paper funding for $2,085,000 |
|
03/22/2022 |
22-2027 |
Request for an additional incremental authorization of $2,090,000 for a total SFY22 authorization of $2,890,000 and commercial paper funding $1,000,000 |
|
06/14/2022 |
22-3515 |
Request for approval of commercial paper funding for $1,090,000 |
|
09/13/2022 |
22-5420 |
Request for an additional incremental authorization of $2,850,000 |
|
10/18/2022 |
22-6596 |
Request for approval of commercial paper funding for $500,000 |
|
04/04/2023 |
23-1972 |
Request for approval of commercial paper funding for $1,175,000 |
|
08/29/2023 |
23-4824 |
Additional incremental authorization of $1,903,000 for FY2024 |
|
10/10/2023 |
23-5837 |
Request for approval of commercial paper funding for $1,500,000 |
|
12/05/2023 |
23-7152 |
CP reduction for ($1,000,000) |
|
02/27/2024 |
24-1115 |
Request for approval of commercial paper funding $1,405,000 |
|
10/08/2024 |
24-6282 |
FIM authorization of $2,530,000 for FY2025 |
Location:
Address (if applicable): N/A
Precinct(s): Countywide
|
Fiscal and Personnel Summary |
|
Service Name |
Security Infrastructure Installation and Upgrades |
|
|
|
Current Fiscal Year Cost |
Annual Fiscal Cost |
|
|
Labor |
Non-Labor |
Total |
Recurring Expenses |
|
Funding Sources |
|
|
Existing Budget |
|
|
|
|
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Existing Budget |
$ |
$ |
$ |
$ |
|
Additional Budget Request (Requires Fiscal Review Request Form) |
|
|
Commercial Paper |
$ |
$500,000 |
$500,000 |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Additional Budget Request |
$ |
$500,000 |
$500,000 |
$ |
|
Total Funding Sources |
$ |
$500,000 |
$500,000 |
$ |
|
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) |
$ |
$ |
$ |
|
|
Personnel (Fill out section only if requesting new PCNs) |
|
|
Current Position Count for Service |
- |
- |
- |
- |
|
Additional Positions Request |
- |
- |
- |
- |
|
Total Personnel |
- |
- |
- |
- |
Anticipated Court Date: 5/8/2025
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