To: BOARD OF SUPERVISORS
From: Auditor-Controller Treasurer-Tax Collector
Meeting Date: June 25, 2024
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Department Contact: |
Sara Pierce |
Phone: |
707-463-4441 |
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Department Contact: |
Cheyanne Gordan |
Phone: |
707-234-6875 |
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Item Type: Consent Agenda |
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Time Allocated for Item: N/A |
Agenda Title:
title
Approval of Agreement with BRINKS Inc. in the Amount of $20,148.60 Annually, for Armored Car Cash Transportation Services, Effective July 1, 2024, and Automatically Renewing until Termination of Agreement
End
Recommended Action/Motion:
recommendation
Approve Agreement with BRINKS Inc. in the amount of $20,148.60 annually, for armored car cash transportation services, effective July 1, 2024, and automatically renewing until termination of Agreement; and authorize Chair to sign same.
End
Previous Board/Board Committee Actions:
None.
Summary of Request:
The Office of the Auditor-Controller Treasurer-Tax Collector requires armored car transport services and a contract for the pickup and transportation of moneys received by the Treasury under California Government Code 53639.
The Office of the Auditor-Controller Treasurer-Tax Collector requests approval of the Agreement with Brinks Inc to provide armored car cash transportation services, also known as “Cash In Transit” by the Contractor, for the deposit of Treasury funds effective July 1, 2024 and automatically renewing until termination of agreement.
The Contractor, Brinks Inc, has been providing services for the County Treasury as specified by California Government Code 53639 for over 30 years with no issues, loss, or service failures. This service has been found to be specifically built out to the needs of the County Treasury, and this Contractor is uniquely qualified to work as an intermediary between the Treasury and our depository.
Under California Government Code 53684 the actual costs incurred by this agreement are deducted from the interest earned in the Treasury investment pool. There is no cost to the General Fund.
Alternative Action/Motion:
Return to staff for alternative action.
Strategic Plan Priority Designation: An Effective County Government
Supervisorial District: All
Vote Requirement: Majority
Supplemental Information Available Online At: N/A
Fiscal Details:
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source of funding: 2410-760524 |
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current f/y cost: $20,148.60 |
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budget clarification: Cost is deducted from investment income, Treasury Pool. |
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annual recurring cost: $20,148.60 |
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budgeted in current f/y (if no, please describe): N/A |
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revenue agreement: N/A |
AGREEMENT/RESOLUTION/ORDINANCE APPROVED BY COUNTY COUNSEL: N/A
CEO Liaison: Executive Office
CEO Review: Yes
CEO Comments:
FOR COB USE ONLY
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Executed By: Atlas Pearson, Senior Deputy Clerk |
Final Status: Approved |
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Date: June 25, 2024 |
Executed Item Type: Interim Agreement |
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Number: *24-087 |
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