FINANCIAL_SERVICESAPPROVED

Cabrillo College Awards Financial Services Contract to Santa Cruz County Treasurer (September 2020)

The Board approved Resolution 047-20 allowing the District to obtain a temporary cash transfer from the Santa Cruz County Treasurer of up to 85% of anticipated property tax revenues. The short-term borrowing authority will help manage cash flow impacts from state apportionment deferrals and must be repaid by June 30, 2021.

Document date · September 14, 2020

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed 85% of anticipated property tax revenue (approx. $10,000,000 impact noted)
Contract type
FINANCIAL_SERVICES
Contract term
Transfer requested between January 1, 2021 and April 30, 2021; to be repaid no later than June 30, 2021
Renewal date
2021-06-30
Document type
Agenda
Source document
cabrillo_community_college_board_of_trustees_meeti.md

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Cabrillo College?

Santa Cruz County Treasurer was awarded this financial services contract by Cabrillo College, as recorded on September 14, 2020. The contract value is Not to exceed 85% of anticipated property tax revenue (approx. $10,000,000 impact noted).

How much is the Santa Cruz County Treasurer contract with Cabrillo College worth?

The Santa Cruz County Treasurer contract with Cabrillo College is valued at Not to exceed 85% of anticipated property tax revenue (approx. $10,000,000 impact noted), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in cabrillo_community_college_board_of_trustees_meeti.md (Agenda), dated September 14, 2020 from Cabrillo College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Santa Cruz County Treasurer hold?

Santa Cruz County Treasurer may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Cabrillo College currently buying?

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