2024-01-24T10:39:38-08:00 2023-06-30 200570323 Nelson & Associates CPAs 2230 Longport Ct Ste 110 Elk Grove CA 95758 990 2022-07-01 943010425 CSAC Finance Corporation CSAC 9166508120 1100 K Street 101 Sacramento CA 95814 Alan Fernandes CEO 2024-01-24 true Alan Fernandes 999009999 true Michelle Nelson CPA CFE MST P00453363 9162996800 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z 1100 K Street 101 Sacramento CA 95814 9317349 false X www.csacfinancecorp.org X 1986 CA To provide a broad array of finance, investment, insurance and purchasing services to benefit California counties and related public agencies. 11 11 5 11 403072 0 12710932 8623925 60630 108700 162861 133942 12934423 8866567 5100000 5600000 0 1274748 1696040 0 0 999315 1314892 7374063 8610932 5560360 255635 22360310 22730521 863714 600761 21496596 22129760 X To provide a broad array of finance, investment, insurance and purchasing services to benefit California counties and related public agencies. false false 5200000 Grants to CSAC totaled $5,200,000. 2659776 Administered the CalTrust program, a California Joint Powers Authority which pools and invests the operating reserves and bond proceeds of local public agencies. This included extensive RFP processes and transition management for all of their service providers.The Investment Trust of California (CalTRUST) is a JPA established by public agencies in California for the purpose of pooling and investing local agency funds - operating reserves as well as bond proceeds. CalTRUST offers the option of five accounts to provide participating agencies with a convenient method of pooling funds a liquidity fund, a government fund, a short-term, and a medium-term, and a new ESG compliant money market fund. Each account seeks to attain as high a level of current income as is consistent with the preservation of principle.The Nationwide Retirement Solutions program is the largest deferred compensation program in the country for county employees. In California, over 65,000 county employees save for their retirement using this flexible, cost-effective employee benefit program. This program is the only one with a national oversight committee consisting of elected and appointed county officials who are plan participants. Additionally, an advisory committee comprised of California county officials provides additional feedback and oversight for this supplemental retirement program. Currently 32 counties in California have chosen Nationwide to help their employees save for retirement.The Coast2Coast Discount Prescription Card is available at no-cost to the county or taxpayers and will save county residents up to 75% on brand name and generic prescription drugs. The Coast2Coast program is already being used by over 35 counties in California. Not only does it offer savings to users, your county will receive $1.25 from Coast2Coast for every prescription filled by a cardholder. East Smart Pay is a product of Smart Easy Pay, a corporation formed by the CSAC Finance Corporation to help residents throughout California streamline their property tax payments. Through the Easy Smart Pay platform residents can pay their property taxes in installments via ACH or credit card with preferred processing fees. This program is currently being piloted in San Luis Obispo County.The CSAC FC has joined with NACo FSC to develop the California Tax Recovery and Compliance System (CalTRECS) program to help counties collect outstanding debts in a timely, cost-effective manner. The debt offset service allows counties and other local government to compile and submit their delinquencies for offset against pending state personal income tax refunds and lottery winnings. The California Cannabis Authority is a Joint Powers Authority established by county governments to develop and manage a statewide data platform. The platform will assist local governments that are regulating commercial cannabis activity by consolidating data from different channels into one resource to help local governments ensure maximum regulatory and tax compliance. In addition, the platform can help to facilitate financial services to the cannabis industry by linking willing financial institutions with interested businesses, and by providing critical data to ensure that all transactions and deposits are from legal transactions. The CSAC FC manages 211 California which is a network of the 211 systems throughout California. These critical agencies serve county residents by providing trusted connectivity to community, health, and social services. During times of disaster and recovery, 211 organizations are vital to assist residents find critical services and information. CashVest provides liquidity analysis and FinTech data services for counties and other public entities. This program is a new opportunity to help manage your organization's funds as a revenue-generating asset, identify the current marketplace value of your cash, and use time horizon data to maximize the value of all your financial resources.Public Surplus is the best government surplus auction system available. Find great deals on heavy equipment, cars, buses and even airplanes. This system was created with unique capabilities specifically for public agencies, making it much more than an auction site. The services we offer to both buyers and sellers is of the highest quality with a strong focus on customer care.The CSAC FC and Synoptek have partnered to offer a human firewall training program and fraud assessment. The human firewall program is a training program whereby a comprehensive approach is initiated that integrates baseline testing, using mock attacks, engaging interactive web-based training, and continuous assessment through simulated phishing attacks to build a more resilient and secure organization. Synoptek offers a wide range of security technology offerings to aid your county in remaining vigilant and secure.CSAC FC has partnered with the California School Board Association (CSBA) to bring the GAMUT platform to California Counties and other public agencies that allows for a virtual meeting minutes record keeping that conforms with the Brown Act. Agencies are able to use this simple yet robust software for meetings and policies as well as provide immediate public access and translates in more than 100 languages. The platform incorporates the needs of a virtual meeting environment with online voting and remote board access. Agencies can purchase the entire suite or select the module that best suits their governance team's needs.Procure America provides its clients with analytics and strategies that result in greater performance at lower costs. By leveraging decades of industry experience, Procure America generates an average savings of 34%, all while increasing operational efficiency, vendor accountability, and service levels. Procure America's experts have deep, industry-specific experience and will analyze all aspects of the supplier relationship-contractual, operational and invoice compliance. Knowledge, information and focus delivers results.Optum aspires to improve experiences and outcomes for everyone we serve while reducing the total cost of care. For individuals and families, Optum provides health care services, pharmacy services and health care financial services. For organizations, Optum provides business services and technology to health plans, providers, employers, life sciences and government.Treasury Curve was founded by a team of financial and technology innovators all-too-familiar with the pain treasury professionals face each day: How to efficiently manage both cash and investments, maximize idle cash and ensure compliance within strict investment policies. The result is a total solution designed to help you optimize your treasury, while giving you precious time back to optimize other areas in your finance and treasury areas. 314342 The California Statewide Communities Development Authority (CSCDA) was created in 1988, under Californias Joint Exercise of Powers Act, to provide Californias local governments with an effective tool for the timely financing of community-based public benefit projects. Currently, more than 500 cities, counties and special districts have become Program Participants to CSCDA which serves as their conduit issuer and provides access to an efficient mechanism to finance locally-approved projects. CSCDA helps local governments build community infrastructure, provide affordable housing, create jobs, make access available to quality healthcare and education, and more. 104781 8278899 false false false false false false false false false false false false false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false true 9 0 true 5 true true true false false false false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true false false CA X Christy Higgins 9169551791 1100 K Street STE 101 Sacramento CA 95814 Alan Fernandes CEO 40.00 0.00 X 364187 0 20405 James Manker Director of Business Development 40.00 0.00 253374 0 28116 CHRISTY HIGGINS Operations Manager 40.00 0.00 122294 0 58098 Robert Pierce COO 40.00 0.00 X 45106 0 0 Leonard Moty President 0.50 0.00 X X 0 0 0 Matt Jennings Director 0.50 0.00 X 0 0 0 Elba Gonzalez Director 0.50 0.00 X 0 0 0 Oscar Villegas Director 0.50 0.00 X 0 0 0 Kathryn Barger Director 0.50 0.00 X 0 0 0 Mary Zeeb Director 0.50 0.00 X 0 0 0 Graham Knaus Vice President 0.50 0.00 X X 0 0 0 William Rutland Director 0.50 0.00 X 0 0 0 Susan Muranishi Director 0.50 0.00 X 0 0 0 Richard Forster Director 0.50 0.00 X 0 0 0 Ryan Alsop Treasurer 0.50 0.00 X X 0 0 0 784961 106619 3 false true false 0 0 Administrative fees 525990 6327866 6327866 Cal Trust income 523000 254957 254957 Coop purchasing 900099 52656 52656 Corporate Associates 1182302 1182302 Deferred comp program 525100 806144 403072 403072 8623925 559482 559482 0 70635 70635 0 450782 -450782 -450782 -450782 0 0 0 Miscellaneous Income 900099 63307 63307 63307 8866567 8914277 403072 -450782 5600000 5600000 0 0 0 723096 607401 115695 0 431669 411943 19726 398292 346855 51437 127626 113375 14251 15357 13053 2304 0 40164 39901 263 28696 9354 19342 0 0 29735 25275 4460 0 9616 8174 1442 12152 11362 790 0 0 0 178643 154091 24552 0 0 0 0 0 30921 26283 4638 Board Meetings & Events 628638 597876 30762 Program Development 265346 237849 27497 Other expenses 50181 42654 7527 MEMBERSHIPS/SPONSORSHIPS 48979 41632 7347 -8179 -8179 8610932 8278899 332033 0 0 10416154 3410817 0 464984 2739437 0 0 1001232 1001232 0 67076 110895 0 10410864 15468140 0 0 0 0 22360310 22730521 267028 178512 596686 422249 863714 600761 X 21496596 22129760 21496596 22129760 22360310 22730521 255635 377529 X false true X true false DUE TO CSAC 402249 UNEARNED REVENUE 20000 422249 X 9244096 377529 377529 8866567 8866567 8610932 8610932 8610932 Part X : FIN48 Footnote The Corporation is exempt from income taxes under Section 501(c)(4) of the Internal Revenue Code. It is subject to tax on its unrelated business income. Income taxes are provided for the tax effects of unrelated business income reported in the financial statements. There are no differences between amounts reported in the financial statements and amounts reported in the tax return; accordingly, there are no deferred taxes.Management believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. false County Supervisors Assoc CA 1100 K Street 101 SACRAMENTO CA 95814 946000551 5600000 0 CASH General Purpose 0 1 X true true X X X false false false false false false false false false Alan Fernandes CEO 364187 20405 384592 CHRISTY HIGGINS Operations Manager 122294 27000 31098 180392 James Manker Director of Business Development 253374 28116 281490 Part I, Line 1a: Relevant information in regards to selections on 1a. Graham Knaus ED of CSAC See Below false Schedule L, Part V Supplemental Information The CSAC Finance Corporation is affiliated with the California State Association of Counties (CSAC). The Executive Director of CSAC is a member of the Board of Directors of the CSAC Finance Corporation. In addition, the Corporation is affiliated with and has common directors with the California Counties Foundation (the Foundation). The Corporation leases office space from CSAC on an annual basis. The Corporation does not pay rent. CSAC administers payroll for the Corporation. The Corporation decides annually the amount of contribution granted to CSAC based on the Corporation's budget projections. Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: The California Statewide Communities Development Authority (CSCDA) was created in 1988, under Californias Joint Exercise of Powers Act, to provide Californias local governments with an effective tool for the timely financing of community-based public benefit projects. Currently, more than 500 cities, counties and special districts have become Program Participants to CSCDA which serves as their conduit issuer and provides access to an efficient mechanism to finance locally-approved projects. CSCDA helps local governments build community infrastructure, provide affordable housing, create jobs, make access available to quality healthcare and education, and more. Form 990, Part VI, Section B, Line 11b The board is provided a copy of the 990 before it is filed. Form 990, Part VI, Section B, Line 12c The Board reviews the conflict of interest policy annually and any conflicts of interest is discussed during the board meeting. Form 990, Part VI, Section B, Line 15a The Compensation Committee determines the Executive Vice President's Compensation Package. Form 990, Part VI, Section C, Line 19 Governing documents, policies and financial statements are available upon request at the organization's office.