NonprofitsCsac Finance Corporation

Csac Finance Corporation

SACRAMENTO, CA

Total revenue

$9.5M

Total expenses

$9.1M

Net assets

$22.5M

Grants received

$25K

1 grants

EIN

943010425

Tax year

2023

Mission

To provide a broad array of finance, investment, insurance and public services to benefit California counties and related public agencies.

Programs

2 programs

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 34 counties in California have chosen Nationwide to help their employees save for retirement.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 ESGcompliant money market fund. Each account seeks to attain as high a level of current income as is consistent with the preservation of principle. This program is a great option to diversify investments!Formed by the CSAC Finance Corporation, Easy Smart Pay is a platform built to modernize and simplify the process of paying government. ESP is a complementary bill pay service focused on providing automatic monthly payments to taxpayers for their property tax at the lowest industry rates. In addition to the partnership with the CSAC Finance Corporation, Easy Smart Pay partners with the NACo Financial ServicesCorporation and the California School Board Association. This program is currently being used in 28 of the 58 California counties and is now available for all counties to on-board.The Personal Lines Insurance Program (PLIP) provided by PRISM offers employees of PRISM members access to practical group savings on everyday insurance coverages. Available to all eligible PRISM members and their employees, council, commissioners and retirees, there is a solution and savings for many participants. The coverages provided include Automobile, Pet Insurance, Homeowners, Renters, Excess Liability/Umbrella to all the employees (including retirees), Condominium, Scheduled Personal Property, Recreation Vehicles, Watercraft, RV, Rental Properties, and more. Each public entity participating in a PRISM benefit program receives service support from a dedicated program management team.The Accelerated Municipal Payment (AMP) Program, administered by Municipal Finance & Services Corporation (MFSC), is a non-third-party accounts payable program provided to local government agencies at no cost to the local agency. Through the AMP Program vendors are paid in an expedited fashion by MFSC, typically within 72 hours from invoice approval, resulting in enhanced cash flow for both the local agency andits participating vendors. Local agencies also benefit from a streamlined and efficient accounts payable system and not having to pay against the invoice themselves until typically 60 days from MFSCs payment of the invoice. The AMP Program's accounts payable, document, and data management system not only promptexpedited payments to vendors but also afford the agency improved efficiency and transparency. The service also includes courtesy services that increase vendor diversity and participation. Vendor participation in the AMP Program is voluntary and therefore allows flexibility to vendors.The Accelerated Municipal Payment (AMP) Program, administered by Municipal Finance & Services Corporation (MFSC), is a non-third-party accounts payable program provided to local government agencies at no cost to the local agency. Through the AMP Program vendors are paid in an expedited fashion by MFSC, typically within 72 hours from invoice approval, resulting in enhanced cash flow for both the local agency andits participating vendors. Local agencies also benefit from a streamlined and efficient accounts payable system and not having to pay against the invoice themselves until typically 60 days from MFSCs payment of the invoice. The AMP Program's accounts payable, document, and data management system not only promptexpedited payments to vendors but also afford the agency improved efficiency and transparency. The service also includes courtesy services that increase vendor diversity and participation. Vendor participation in the AMP Program is voluntary and therefore allows flexibility to vendors.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 localgovernments 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. AsCounties look at establishing or revising their cannabis licensing and taxing structure, CCA should be among the resources used to ensure a successful and robust regulatory program.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 willreceive $1.25 from Coast2Coast for every prescription filled by a cardholder.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.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.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 thehighest quality with a strong focus on customer care.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 allyour financial resources.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.CSAC Finance Corporation and Enterprise Mobility have partnered to provide counties and other municipalities remarkably discounted rates for cars, trucks, vans and cargo vehicle rentals. Through this program Enterprise Mobility also provides automatic damage waivers and liability coverage at no additional cost and all with a zero-volume guarantee making it more efficient and cost effective to rent one or multiple vehicles on short and/or long-term bases. Enterprise Mobility is a leading provider of mobility solutions including car rental, fleet management, flexible vehicle hire, car-sharing, van-pooling, car sales, truck rental, vehicle subscription, luxury rental, technology solutions and more, to help make travel easier and moreconvenient.

Expenses: $3.0M

The California Statewide Communities Development Authority (CSCDA) was created in 1988, under California's Joint Exercise of Powers Act, to provide California's local governments with an effective tool for the timely financing of community-based public benefit projects. Currently, more than 530 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. To date, CSCDA has issued more than $70 billion in tax exempt bonds helping local governments build community infrastructure,provide affordable housing, create jobs, make access available to quality health-care and education, and more.

Expenses: $378K

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$8.6M
Investment income$855K
Other revenue$86K
Total revenue$9.5M

Expenses

Grants paid$5.6M
Salaries & benefits$2.0M
Fundraising
Other expenses$1.5M
Total expenses$9.1M
Total assets$23.1M
Net assets$22.5M

People

15 listed

NameRoleCompensation

Alan Fernandes

CEO

Board

$423K

40 hrs/wk

Robert Pierce

COO

Board

$272K

40 hrs/wk

Oscar Villegas

President

Board

0.5 hrs/wk

Kathryn Barger

Director

Board

0.5 hrs/wk

Jack Pellegrino

Director

Board

0.5 hrs/wk

Graham Knaus

Vice President

Board

0.5 hrs/wk

William Rutland

Director

Board

0.5 hrs/wk

Susan Muranishi

Director

Board

0.5 hrs/wk

Richard Forster

Director

Board

0.5 hrs/wk

Ryan Alsop

Treasurer

Board

0.5 hrs/wk

Leonard Moty

Director

Board

0.5 hrs/wk

Matt Jennings

Director

Board

0.5 hrs/wk

Elba Gonzalez

Director

Board

0.5 hrs/wk

James Manker

Director of Business Development

Staff

$273K

40 hrs/wk

CHRISTY HIGGINS

DIRECTOR OF OPERAT

Staff

$137K

40 hrs/wk

Grants received

Showing 1 of 1

FromAmountPurposeYear
$25K
PLATINUM PARTNERSHIP
2020

Funded by

$25K from 1 funder · 1 grant · 2020

Kaiser Foundation Health Plan Inc

$25K · 1 grant · 2020

Details

EIN943010425
Subsection04
Ruling date1986-10
Formed1986
Employees8
Volunteers11
CSAC FINANCE CORPORATION — Mission, Financials & Grants Received | Grantivo