REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
March 25, 2025
FROM
ENSEN MASON, Auditor-Controller/Treasurer/Tax Collector
SUBJECT
Title
Schedule of Services with Bloomberg, L.P. for Bloomberg Terminals and Network Access
End
RECOMMENDATION(S)
Recommendation
Correct Item No. 20, as approved by the Board of Supervisors on October 24, 2023, which incorrectly identified the total cost for Agreement No. 23-1141 with Bloomberg, L.P. as an aggregate amount not-to-exceed $347,640, for Bloomberg terminal subscriptions and 10Mb network access, to be consistent with the language in the approved agreement by revising the amount to be at a monthly unit cost of $14,485, plus variable rate increases no more than every two years, for the service period of October 29, 2023, through May 29, 2027 and automatically renewing for successive two-year periods thereafter.
(Presenter: Ensen Mason, Auditor-Controller/Treasurer/Tax Collector, 382-7000)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
FINANCIAL IMPACT
Approval of this item will not result in the use of additional Discretionary General Funding (Net County Cost). Per California Government Code sections 27013 and 53684(b), the County Treasurer may deduct the actual costs associated with investing Treasury Investment Pool (Pool) funds, which includes the cost of the terminal subscriptions, from earned interest or income before distribution to Pool participants. Sufficient appropriation and revenue have been included in the Auditor-Controller/Treasurer/Tax Collector's (ATC) 2024-25 budget and will be included in future recommended budgets.
The table below shows the revised payment amount for each subscription identifier (SID) and its two-year term based on the price increase letter issued by Bloomberg, L.P. (Bloomberg). The subscriptions shall be automatically renewed for successive two-year p...
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