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HomeMy WebLinkAboutResolution 18-086-CCBOARD OF COUNTY COMMISSIONERS Grant County, Washington RESOLUTION APPROVING AN RESOLUTION No. 18- o -CC INTERFUND LOAN BETWEEN GRANT INTEGRATED SERVICES TO DIRECTIONS IN COMMUNITY LIVING WHEREAS, Grant County Policy 1503.3.3 states that "The Board of County Commissioners may approve a short-term interfund loan or use of one-time revenue sources to address temporary gaps in cash flow... "; and WHEREAS, Directions in Community Living (Fund 125) recognizes that it is fiscally responsible for repayment to Department Social and Health Services Aging and Disability Services in the amount of $144,089.62.00 due to under-utilized ISS hours. And, Directions in Community Living does not have sufficient cash flow required to pay this amount in a lump sum; and WHEREAS the State Auditor's Office has set out guidelines within the Washington State BARS Manual and Grant County has an Interfund Loan policy approving Interfund Loans as an acceptable option when meeting the minimum acceptable procedures for making and accounting for interfund loans; and WHEREAS Grant Integrated Services (Fund 108) has sufficient funds to provide an interfund loan to Directions in Community Living for the amount of $1245000.00. Said amount is to be repaid according to the attached payment plan, Exhibit A. This loan shall be at the rate of 2.015% interest and is repayable in less than three (3) years. NOW THEREFORE, BE IT RESOLVED that the Board of County Commissioners of Grant County approve this interfund loan. �7 I' f DATED this day of M.� , 2018. Yea Nay ATTEST: M F� Barbar J. VlBard uez, CMC Clerk the ❑ ❑ BOARD OF COUNTY COMMISSIONERS Abstain GRANT COUNTY, WASHINGTON F� Richard Stevens, Chair El T Taylor, Vi e -Chair F� Cindy Carter, Member N:\Staff\BVasquez\Resolution-Ordinance\Grant Integrated Services interfund loan to Directions in Community Living 091118.docx LOAN SUMMARY Loan -amount - :4 0: -0 0pr edpayn0" 52 378.. t Atinual inere. st rate }j of pa-yrrients ed numbe ..� Loan Brio i/7 ear .✓'.;rV�i.i' � F p { j }J /f p r �5 � } (� 7 JiS..fl.ii-'a.�T+�3Ii.+:fi7 _ 15. Number of } 1 F d L:n(s 6 if.te. --- ------- -------- . . . . . . . . . . . •. . , t date of /ban. � ..�..J ..-„,......•-.-ter,.. "r:'7 .....�w.<..�............ .. .Y .........,..www.v .............n.,,-,...... ,optional extra payments .:.-... �.. ..... .... ...,:,..,.,:..,,,...,,......,..A.....,,,.R..:..;.c> w,www• ..w iw u: A • .......ae.+:. .c•+-.�.:s ter......; u �. ..:. .:•. .1�w t <.o�.e..•r,�..:.a r A Be .... ::... ........ ... ::.. .....:..:...-::....:...:......, ...::,.:,: ..... :... 18 378`15 ... :. ...: .... - .. .:.:. .. .'.. T .. . . 8'2 $11:8f.:. 47 F .. .. 08.2 f. �.J . . 837 ' ... , . ..... .. .... ............. $8 ,378. ..... 8a 1� .. .� .i.: ..:...:... .." s84+F41 :.. .. ...:.....:..:. .. { ,� ._...:.... .....:.:.: .. . .: .:..:.....: $101:6464:- .,..-... # 378:i ......:......................: ....... ? :. ......... .. .: ......::. : .... ..... .. $.180 :.` 1 ` :..: ........... ..:,..... ...... .. .. ......... ........ ................: ....: ... .... $43 81 ...............:.. ....... ...... $878.1 . .. 2:i 3. + 1:,.237.86 946 * ..... 8Fe3 ............... � :. w ..... .... .: ... . r 012 91 0167 ..... ... . .. . ...... .................:..:::.......:...183-012,91. ;..:: $8t 378-15: $0: 0 . $8 78.' 5 8 233.78 . ::. ::. ............. ..31111 139, 3 .:.. . $747741.6 4/112019 7 77.1 , $8,''37815 �”] ...::....... $865218 ,. .....$8,3781 ................ . .......... $0. . .. ..........0 .... .......... 378.� $8 ... .... �3�� '�_7� 85111201 12 1,280.32 .:. ... . .:...-019 :. .. :.: . :::........ f�yy .. ..... �y4 .......... .. . ...... ...... E ...: . ....... ..... .. ... .... . :.: s 82 0. . r ..... f, m - . a t,378.14. .. ...10. :. . 7111�1 .. ..; ':...:......:: .. ..... .:. .: .... .: -378 15 ....... ...... ... . .:.....:.... . .... !j . ....... .... : ... s�WE .....:. :.: ::;..:...:. :. { 142- 3f $ ...... ......... df �y } f � ..... . T� J41. .8111201-9:' 1 # 8 .......:.......:... _ $88378.1 $ i 8 8.1 ...... .. _1 ... .. ;.. .. ..... 5... ,.. .. ::::: ., x532. 1 � . ...... 111��1 .........,..:.......::.:. ............::....:. 33, 37 3 ....... .:.:.... ......... .:. $ 378 1 ::......:. .:.:�........:.. $0.00 . $8, 378 1 .... ........ ...... . ..... ....... _.. 8 322.1.1 $ 5 6.0 - $ t Q. 8 ?.: ...... . 1 588 13 101112019 .: ..... .:.:..:.: 3�. ...i,74i 28 .....:...:...... .. .$8#> 1, .. ................. ......:. .... :......... .:.:.. ... .:..,.... .. .... y�y�ry �E""�+e0'ki. .:.:.::.: - . ....... 38•�1� ... -.8 3+:.i.7i .:.:: ....:.. :.:....., ... .:. _714 19 ... ....... .1 ....... �. .. ... ... ..-14 114 1111.1.201.9 .... . :,.. :2-0 ii .. .... $0V _ ... ...... :.:..,i4t7Vi.: .::: .. J, _: :.: .V . t�3} . 9 -$813 641-1 U,31& 1 $0-M 7ty11 ... .4� .0W . . .J...�:....:.4 :..1 . ............ $ ......... $1::672,25