Vote — approved

Steve Gallardo	abstain
Bill Gates	abstain
Clint Hickman	abstain
Gallardo Sheriff	yes
and Clint Hickman	yes
Denny Barney	abstain
Steve Chucri	yes

15.2% for FY17, the recoverable indirect cost of administering these additional grant funds is $0; the non-recoverable indirect cost for the additional funds is $131.48. (C-19-17-001-M-02) Motion to approve by Supervisor Chucri, seconded by Supervisor Hickman Ayes: Barney, Chucri, Gates, Hickman, Gallardo Sheriff - Alguacil

Item Text

15. ELECTRONIC FUNDS TRANSFER AUTHORIZATION Pursuant to the Electronic Fund Transfer Policy A2512, the Department of Finance is requesting authorization to have the Treasurer’s Office process Electronic Funds Transfers (wire transfers) due to the Trustee(s) for annual debt service payments for certificates of participation in the amount of $105,894,530, and other County business as necessary in Fiscal Year 2018. The payments have been budgeted. Department of Finance requests for authorization to the Treasurer’s Office will come from the Chief Financial Officer – Assistant County Manager, Shelby L. Scharbach, and the Finance Director, John Lewis. Debt Service payments require guaranteed funds. The Department of Finance will prepare corresponding journal vouchers to record the EFT transactions on the County’s Financial (Accounting) System in the same accounting period as the EFT. Request the Board of Supervisors to approve and authorize the Department of Finance to initiate wire transfers for debt service transfers and other County business as necessary applicable to FY 2017-2018. (C-18-17-013-4-00)

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