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Consent-General Government # 15.
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| Board of Supervisors |
Financial Services |
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| Subject |
| Approve Memorandum of Understanding between the Department of Financial Services and Yolo Subbasin Groundwater Authority for fiscal and banking services effective November 21, 2017. (No general fund impact) (Newens) |
| Recommended Action |
| Approve Memorandum of Understanding between the Department of Financial Services and the Yolo Subbasin Groundwater Authority for fiscal and banking services effective November 21, 2017. |
| Strategic Plan Goal(s) |
Operational Excellence
Sustainable Environment |
| Reason for Recommended Action/Background |
On May 9, 2017, the Board approved the County's participation in the Yolo Subbasin Groundwater Agency through execution of a joint exercise of powers agreement (JPA). The JPA was formed to address the Sustainable Groundwater Management Act (SGMA) and the County's participation in the ongoing efforts to form a locally managed groundwater agency to comply with SGMA.
As part of the JPA agreement and formation of the new agency, Yolo Subbasin Groundwater Agency will keep its funds on deposit with the County Treasurer (presently Chief Financial Officer). The County will also provide additional financial assistance to the Agency to provide a certain level of JPA oversight such as reviewing annual financial audits as described in the Agreement at Attachment A.
As a step in the creation of the Agency, the County Department of Financial Services will provide certain financial services such as Treasury and banking and review of annual audit reports completed per the agreement provided in Attachment A. Currently, the Department of Financial Services provides a basic level of accounting services to local special districts and related agencies with funds in the County treasury. Department of Financial Services staff worked with the Agency to develop the proposed MOU, which includes a basic level of service. The rationale for a more basic level of service is due to the intention of the Yolo Subbasin Groundwater Agency to have the Water Resources Association (WRA) do the detailed accounting work and therefore the Department of Financial Services will provide primarily Treasury services and involvement in review of financial reports and audits oversight. The Department of Financial Services will be compensated for the services it provides to the JPA and reimbursement will be provided as noted in the JPA agreement and attached MOU.
The Groundwater Agency Board of Directors approved the Financial Services MOU at their November 13, 2017 meeting. |
| Collaborations (including Board advisory groups and external partner agencies) |
| Department of Financial Services collaborated with the Yolo SubBasin Groundwater Authority including certain members of the authority including Yolo Flood Control and Water Conservation District and Water Resources Association on the agreement. |
| Competitive Bid Process |
- Not applicable. MOU is an intergovernmental agreement not subject to competitive bidding.
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| Fiscal Impact |
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| Source of Funds for this Expenditure |
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