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Meeting Date:
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5/4/2015 - 6:00 PM
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Category:
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Business/Action Items
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Type:
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Action
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Subject:
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17.1 Contract with Dale Scott & Company, Inc. for Financial Advisory Services
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LCAP (Local Control Accountability Plan) Goal:
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Strategic Initiative 5.2 Optimal Operations and Infrastructure Ensure Fiscal stability and accountability through effective stewardship of financial assets and funding sources. Strategic Initiative 5.3 Optimal Operations and Infrastructure Ensure that our facilities and infrastructure support and enhance student learning and safety.
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Enclosure
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File Attachment:
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Summary:
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Dale Scott & Company, Inc. (DS&C) is one of the oldest and most conservative financial advisory firms in the state. They have extensive experience in working with mid to large-sized districts similar to Mt. Diablo Unified School District, and serve as financial advisor to the California School Board Association's short-term borrowing programs, and are recommended by School Services of California. Since being founded in 1987, DS&C has served as financial advisor on over 1,000 California K-14 financings totaling over $15 billion. In 2014, they brought over 100 financings to market - nearly double the amount of their nearest competitor.
Upon approval by the Board of Education, Mt. Diablo Unified School District will proceed to execute a contract with DS&C for financial advisory services.
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Funding:
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Fiscal Impact
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Recommendation:
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Approve Mt. Diablo Unified School District to enter into a contract with DS&C to serve the District as bond financial advisor.
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Approvals:
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Recommended By:
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Signed By:
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Debbie Maher - Sr. Administrative Executive Assistant to the Superintendent
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Signed By:
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Larry Schoenke - Legal Counsel
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Signed By:
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Dr. Nellie Meyer - Superintendent
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