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File #:
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25-4681
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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8/7/2025
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Final action:
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8/7/2025
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Title:
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Request for approval to pay commercial paper interest in the amount of $1,378,694.03.
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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 in the amount of $1,378,694.03.
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 |
$7,460,000 |
32,190.41 |
8/19/2025 |
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A-1 |
$1,350,000 |
4,255.27 |
8/19/2025 |
|
A-1 |
$34,700,000 |
95,353.70 |
8/19/2025 |
|
C |
$4,450,000 |
19,202.05 |
8/19/2025 |
|
C |
$5,950,000 |
18,754.73 |
8/19/2025 |
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C |
$23,670,000 |
65,043.86 |
8/19/2025 |
|
C |
$47,870,000 |
131,544.14 |
8/19/2025 |
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D |
$3,300,000 |
14,239.73 |
8/19/2025 |
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D |
$2,780,000 |
8,762.71 |
8/19/2025 |
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D |
$50,000,000 |
142,054.79 |
8/19/2025 |
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D |
$5,345,000 |
15,185.66 |
8/19/2025 |
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D-2 |
$18,640,000 |
87,224.99 |
8/11/2025 |
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D-2 |
$1,580,000 |
7,059.35 |
8/11/2025 |
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D-2 |
$23,655,000 |
78,119.83 |
8/13/2025 |
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D-2 |
$12,570,000 |
34,352.26 |
8/14/2025 |
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D-2 |
$1,310,000 |
3,477.78 |
8/14/2025 |
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D-2 |
$7,920,000 |
19,305.27 |
8/14/2025 |
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D-2 |
$14,400,000 |
57,027.95 |
8/18/2025 |
|
D-2 |
$100,000 |
373.42 |
8/18/2025 |
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D-2 |
$11,080,000 |
35,471.18 |
8/18/2025 |
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D-3 |
$3,180,000 |
14,880.66 |
8/11/2025 |
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D-3 |
$1,700,000 |
7,595.51 |
8/11/2025 |
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D-3 |
$800,000 |
2,715.62 |
8/11/2025 |
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D-3 |
$1,740,000 |
5,746.29 |
8/13/2025 |
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D-3 |
$5,410,000 |
14,784.86 |
8/14/2025 |
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D-3 |
$1,490,000 |
4,025.04 |
8/14/2025 |
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D-3 |
$3,590,000 |
11,492.92 |
8/18/2025 |
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J-1 |
$10,360,000 |
28,951.23 |
8/12/2025 |
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K |
$66,000,000 |
314,358.90 |
8/14/2025 |
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K |
$2,080,000 |
7,821.37 |
8/14/2025 |
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K |
$2,390,000 |
6,456.27 |
8/14/2025 |
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K-2 |
$1,315,000 |
3,890.98 |
8/6/2025 |
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K-2 |
$1,615,000 |
7,300.68 |
8/12/2025 |
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K-2 |
$22,835,000 |
64,156.97 |
8/12/2025 |
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K-2 |
$150,000 |
385.32 |
8/12/2025 |
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K-2 |
$3,230,000 |
15,132.33 |
8/14/2025 |
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Total |
$1,378,694.03 |
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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:
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 |
$ |
$1,378,694.03 |
$1,378,694.03 |
$ |
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Choose an item. |
$ |
$ |
$ |
$ |
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Choose an item. |
$ |
$ |
$ |
$ |
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Total Existing Budget |
$ |
$1,378,694.03 |
$1,378,694.03 |
$ |
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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 |
$ |
$1,378,694.03 |
$1,378,694.03 |
$ |
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Grants - Proposed Budget (For Grants Items 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: 8/7/2025
Anticipated Implementation Date (if different from Court date): Click or tap to enter a date.
Emergency/Disaster Recovery Note: Not an emergency, disaster, or ARPA 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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