Library Budgets One-Time NBCLS Pension Pay Down

Sonoma County Library plans a one-time $281,729 payment to the North Bay Cooperative Library System to reduce legacy pension liability as part of its FY 2025-2026 budget, funded entirely from the property tax unassigned fund balance. This financial action supports long-term stabilization of retirement obligations tied to historic cooperative agreements.

Document date · April 16, 2025

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Scope & details

The full contract record, as filed.

Contract amount

$281,729

Contract type

FINANCIAL_SERVICES

Contract term

One-time pay down during FY 2025-2026

Renewal

This is presented as a one-time legacy pension liability pay down in FY 2025-2026 funded from property tax fund balance; no recurring renewal is indicated.

Document type

AgendaPacket

Source document

Sonoma County Library AgendaPacket Budget Meeting 2025-04-16

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NorthNet Library System AgendaPacket Executive Committee Meeting 2026-09-15

PENDING

Northnet Library System, CaliforniaSep 14, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Sonoma County Library?

North Bay Cooperative Library System was awarded this financial services contract by Sonoma County Library, as recorded on April 16, 2025. The contract value is $281,729.

How much is the North Bay Cooperative Library System contract with Sonoma County Library worth?

The North Bay Cooperative Library System contract with Sonoma County Library is valued at $281,729, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Sonoma County Library AgendaPacket Budget Meeting 2025-04-16 (AgendaPacket), dated April 16, 2025 from Sonoma County Library. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does North Bay Cooperative Library System hold?

North Bay Cooperative Library System may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View North Bay Cooperative Library System's profile

What is Sonoma County Library currently buying?

Explore Sonoma County Library's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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