Resources & Articles

Articles

Articles

  • By Ian Berg, CPA, Special Districts Consulting Senior Manager   It’s no secret that many pension plans are underfunded by government agencies throughout California. With fewer assets than liabilities, these underfunded pension plans are not projected to have enough money to pay out benefits that have been promised to plan members. The question becomes, what is the best way to address these underfunded pension plans? Many agencies are seeing pension liabilities grow on their balance sheet year after year and are recognizing sizable pension expenses as a result. The reality is that pension read more

  • Co-authored by Sara Mares, Director, NBS; and Rick Brandis, Managing Director, Oppenheimer & Co. Inc.   The Community Facilities District (CFD) may be the most flexible funding and financing tool available to California’s local governmental agencies. This flexibility is demonstrated by the following attributes: A wide variety of facilities and services can be funded The special taxes can be apportioned simply on a reasonable basis, as opposed to the stringent benefit requirements of special assessments Flexibility is strengthened by utilizing zones, annexation areas, and improvement read more

  • Nevada County Consolidated Fire District (NCCFD) recently purchased a $310,000 water tender with the help of CSDA Finance Corporation . NCCFD, a full-service emergency response agency covering 143 square miles of residential, commercial, industrial, and rural areas, submitted a simple online request form and received preliminary quotes within four days. The financing closed about six weeks later. Said their Administrative Services Manager about the transaction, "I found this a very easy process and all involved were very helpful."   Other examples of equipment/vehicle financings include: read more

  • McKinleyville Community Services District (MCSD) in Humboldt County has over 6,700 active water customers with a projected growth rate of four percent per year. The district purchases its wholesale supply from the Humboldt Bay Municipal Water District (HBMWD). Last year, the district reached out to the CSDA Finance Corporation to help with funding improvements to the district’s water system and wastewater system. The project would add a new 4.5 million gallon water storage tank to the existing system, with the goal of increasing storage capacity to enhance resiliency during emergency events - such read more

Publications

Prop 26 & 218

Propositions 26 and 218 Guide for Special Districts

Published by the California Special District Association (CSDA), this 48-page guide addresses the impact Propositions 26 and 218 have on special districts and the issues special districts should consider when adopting taxes, assessments, and fees and charges in light of these limitations.

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California Debt Financing Guide

California Debt Financing Guide

The Guide offers a new approach to understanding the responsibilities and obligations of issuers and the elected and appointed officials who are ultimately accountable for the use of debt financing by their agency.

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ILG: Basics of Municipal Revenues

Basics of Municipal Revenues

This guide provides an overview of the sources of county, city and special district revenues in California. It is an introduction to a complex topic. 

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Prop 26 & 218

Local Investment Guidelines (2022)

This report provides current information on the Government Code sections that affect the daily investment practices of California local agencies. 

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