Vote — approved

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

48.ELECTRONIC FUNDS TRANSFER AUTHORIZATIONPursuant 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 $24,437,418, and other County business as necessary in Fiscal Year 2019. The payments have been budgeted. Department of Finance requests for authorization to th

Item Text

48. 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 $24,437,418, and other County business as necessary in Fiscal Year 2019. 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 2018-2019. (C-18-18-013-M-00)