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Santa Arta Proposal For Emergency Services <br />Fiscal Considerations <br />OCFA's Fisca] Strength <br />1'he <7range Count~• Fire 11ut1tc~rit}~, funded much life a fire district, dcrive5 the majority cif <br />its funds from property taxes and service charges from CJCFA's cash contract cities. <br />Currently the Lire Authority has cash and investments of approximately X108 million and <br />has high duality credit ratings Uy Standard and Pe~or's (AA) and Moody's Investor Service <br />(A]). F3oth rating agencies indicated that the primary factors for assigning positive ratings <br />were C1CFA's strong financial management and a solid record of fiscal discipline. <br />Further demonstrating UCFA's fiscal strength is die tact that OCFr1's Business Services <br />Department has received national awards for its fiscal management. In fiscal years ] 99£; <br />through 2010, CJCFA produced a Con~prchensive Annual Financial Report (known as <br />CA}~R) for which they received a CcrYificate of Achievement Eor I~:xcellence in Financial <br />Reporting from the Clovernmcnt F'inancr <7fticcrs Association (C~1~<7.1). <br />"1'hc l~lunicipal '1'rcasurcr's :\ssc>ciarion of L'nitcd States and Canada has certified OCFA's <br />investment policy three times. In addition, CJCFA has received a total of four I3udget awards <br />from California Society cif Municipal Finance CJfficers (CSMPO) for the 2001 d~rough 2009 <br />Uic-nnial Uudl;~~ts and C;F~<~;\'s Distinguished Liudget Presentation toward fc>r the. 1tJ~J~) <br />through 2009 biennial Uudgcts. 7'he Distinguished Budget Award is tha highest form of <br />recognition bestowed Uy the C~I~(7.~~ Eor governmental Uudgeting. <br />In addition to awards for financial reporting, Uudgeting, and treasury functions, the: OC}^A's <br />Businc-ss Sctvices Department-Purchasing Division earned the Iz:cellenee in Procurement <br />Award by the National Purchasing Institute, Inc. (N PI) in 2007, 2008, and 2011. This award <br />rccogni~es organiatic>nal cxeellcncc in procurement- <br />"I'he <~CF1~ views these award programs as important components to our continuous pursuit <br />of professional growth, improven~cnt, and financial sustainability. CJur ongoing participation <br />ensures that we stay abreast of new developments in these areas, and that we persistently <br />work to establish and achieve professional standards oEeaccllcnce. <br />Structural Fire Fund Crties <br />The Strucntral Fire fund (Sl~[~) is a separate allocation oEproperty tales for fire protection <br />services and is mandated Uy Revenue. and 'I"axation Codc. Section 95. Propcrr~~ taxes based <br />on calculated cax Eactors arc allocated to the S}'F from the cities of Aliso Viejo, Cypress, <br />Dana Point, Irvin e, Laguna } lilts, Laguna Niguel, Laguna Foods, 1 _alce Forest, ] _a Palma, <br />Los ellanzitos, Alission Viejo, Rancho Santa hlargarira, San Juan Capistrano, Villa Park, <br />~'orba Linda, and the unincorporated areas of the county. <br />Cash Contract Crtias <br />The cities of Buena Parlc, Placentia, San Clemente, Seal Beach, Stanton, "Tustin, and <br />\~'estnzinster receive- set-vices on a cash contract Uasis. _\ Uric charge was cstaUlished for each <br />city at time of entry- "L'Itis charge is updated annually Uased on the percentage. increase in the <br />Orange County Fire Authority 12 of 50 December 2, 201 1 <br />