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): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Participation (if applicable): N/A
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 paper balance.
|
|
|
|
|
|
Series |
Principal Amount |
Interest Due |
Payable Date |
|
A-1 |
$8,596,000 |
$1,318.84 |
12/8/2021 |
|
A-1 |
$800,000 |
$101.26 |
12/8/2021 |
|
B |
$9,675,000 |
$1,484.38 |
12/8/2021 |
|
C |
$11,445,000 |
$1,755.95 |
12/8/2021 |
|
C |
$250,000 |
$31.64 |
12/8/2021 |
|
D |
$43,124,000 |
$6,616.28 |
12/8/2021 |
|
D |
$640,000 |
$81.01 |
12/8/2021 |
|
D |
$1,900,000 |
$163.97 |
12/8/2021 |
|
D-2 |
$700,000 |
$96.66 |
12/2/2021 |
|
Total |
$11,649.99 |
|
Expected Impact: N/A
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): N/A
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Date |
Agenda Item # |
Action Taken |
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|
|
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Location:
Address (if applicable):
Precinct(s): Countywide
|
Fiscal and Personnel Summary |
|
Service Name |
CP Interest Payment |
FY 21-22 |
Estimates |
|
|
|
|
FY 22 |
Next 3 FYs |
|
Incremental Expenditures |
|
Labor Expenditures |
- |
- |
- |
|
Non-Labor Expenditures |
11,649.99 |
- |
- |
|
Total Incremental Expenditures |
11,649.99 |
- |
- |
|
Funding Sources (General Fund, PIC Fund, Debt or CP, Grants, or Other - Please Specify) |
|
Existing Budget |
Debt Service Ad Valorem Tax |
11,649.99 |
- |
- |
|
|
- |
- |
- |
- |
|
|
- |
- |
- |
- |
|
Total Current Budget |
11,649.99 |
- |
- |
|
Additional Budget Requested |
- |
- |
- |
- |
|
|
- |
- |
- |
- |
|
|
- |
- |
- |
- |
|
Total Additional Budget Requested |
- |
- |
- |
|
Total Funding Sources |
11,649.99 |
- |
- |
|
Personnel (Fill out section only if requesting new PCNs) |
|
Current Position Count for Service |
- |
- |
- |
|
Additional Positions Requested |
- |
- |
- |
|
Total Personnel |
- |
- |
- |
Anticipated Implementation Date: November 30, 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