REPORT/RECOMMENDATION TO THE BOARD OF DIRECTORS
OF THE SAN BERNARDINO COUNTY FIRE PROTECTION DISTRICT
AND RECORD OF ACTION
June 23, 2020
FROM
DAN MUNSEY, Fire Chief/Fire Warden, San Bernardino County Fire Protection District
SUBJECT
Title
Temporary Transfer of Funds
End
RECOMMENDATION(S)
Recommendation
Acting as the governing body of the San Bernardino County Fire Protection District (SBCFPD), adopt the following resolutions pertaining to the 2020-21 temporary transfer of funds:
1. Resolution approving request for the temporary transfer of funds totaling $57,404,641, as detailed in the Financial Impact Section, from the County of San Bernardino to SBCFPD.
2. Resolution authorizing temporary borrowing between funds of SBCFPD.
3. Resolution stating that all SBCFPD funds are solely in the custody of the San Bernardino County Treasurer.
(Presenter: Dan Munsey, Fire Chief/Fire Warden,387-5779)
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 need for additional Discretionary General Funding (Net County Cost). Based on calculations from the Auditor-Controller/Treasurer/Tax Collector (ATC), the $57,404,641 temporary transfer of funds (TTF) for 2020-21 will be distributed to SBCFPD and its four regional service zones as follows:
Fund Name
Amount
SBCFPD - Administration
$ 8,902,620
Mountain Regional Service Zone
$ 4,414,204
North Desert Regional Service Zone
$ 9,183,431
South Desert Regional Service Zone
$ 5,666,911
Valley Regional Service Zone
$29,237,475
Total:
$57,404,641
Interest on the TTF shall be charged to SBCFPD at the County Treasurer's Investment Pool rate. The TTF will reduce the amount of funds available for use by the County from July 1, 2020 until repayment is completed by April 26, 2021.
BACKGROUND INFORMATION
SBCFPD and its four regional service zones depend on property tax revenues as a ma...
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