REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
June 25, 2024
FROM
JACQUELYN GREENE, Director, Preschool Services Department
MATTHEW ERICKSON, County Chief Financial Officer, County Administrative Office
SUBJECT
Title
General Fund Loan for California State Preschool and General Child Care and Development Program Expenses
End
RECOMMENDATION(S)
Recommendation
Authorize a $3,572,418 loan from the County General Fund to the Preschool Services Department to provide temporary funding of expenses for the California State Preschool Program and General Child Care and Development Program, pending reimbursement from the California Department of Education and California Department of Social Services, for the period of July 1, 2024 through December 31, 2024.
(Presenter: Arlene Molina, Assistant Director, 383-2078
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Provide for the Safety, Health and Social Service Needs of County Residents.
FINANCIAL IMPACT
This item impacts Discretionary General Funding (Net County Cost). The County General Fund's (General Fund) unreserved fund balance will decrease by the amount of the loan; these funds will not be available in the General Fund for appropriation until repaid. Preschool Services Department (PSD) will repay the $3,572,418 loan, plus interest, to the General Fund no later than December 31, 2024. The interest amount will be based on the County Treasurer's Investment Pool rate and validated by the Auditor-Controller/Treasurer/Tax Collector (ATC). The loan interest is an allowable expense for the California State Preschool Program (CSPP) and the General Child Care and Development Program (CCTR) funded by the California Department of Education and the California Department of Social Services (collectively, State).
BACKGROUND INFORMATION
PSD operates the Federally funded HS, EHS, and EHS-CCP programs in locations throughout San Bernardino County. Sinc...
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