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Meeting Date:
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3/21/2024 - 7:00 PM
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Category:
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Information and Study Items
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Type:
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Action
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Subject:
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Resolution 23-24-07: Government Financial Services Joint Powers Authority (GFSJPA) Membership
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District Priorities:
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Enclosure
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File Attachment:
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Summary:
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State law authorizes two or more public agencies to establish a Joint Powers Authority (JPA) for the purpose of jointly exercising common powers. JPAs provide public agencies with the means to provide services more efficiently and in a cost-effective manner. Public agencies have formed JPAs to provide information technology, procurement services and insurance and risk management, among other things.
The District has previously contracted with private providers for public finance work, and would like to join GFSJPA for technical assistance and support with various fiscal matters including general fiscal and debt financing issues, financial modeling and implementation of bonds, post-bond sale compliance and the required continuing disclosure reports, among other financial work.
Membership Term: Three (3) years
Annual Membership Cost: $5,000
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Funding:
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Recommendation:
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Staff recommends that the Governing Board approve Resolution 23-24-07: Government Financial Services Joint Powers Authority (GFSJPA) Membership.
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Approvals:
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Recommended By:
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Signed By:
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Carlena Grandey - Administrative Assistant to the Superintendent
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Signed By:
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Kristi Schwiebert - Superintendent
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