CSAC Finance Corporation Rolls Out New Programs
The CSAC Finance Corporation provides programs and services designed to help counties save money, increase efficiency and improve services to constituents, county employees and retirees. Over the last year and a half, the Finance Corporation has expanded offerings under several of its existing programs and have launched new programs in an effort to provide California’s Counties with increased opportunities and more relevant services.
Below are a few highlights we’d like to share with you.
Onsite Employee Health Clinic Program
The first clinic in the Finance Corporation’s Onsite Employee Health Clinic Program opened in Kings County October 1 and is estimated to save the county more than $1 million in its first year. Click here for a video tour of the new Kings County facility. The Onsite Employee Health Clinic Program, operated by Medcor, saves county dollars on general health costs, employee health and productivity, occupational health and provides a valuable cost-effective benefit for employees. For more information, visit www.medcor.com/csac.
Helping Employees Save through Nationwide
October 19-26 is National Save for Retirement week! Servicing 29 of our 58 California Counties, the Deferred Compensation Program offered by our partners at Nationwide Retirement Solutions provides a full-range of educational tools to help your employees plan and save for retirement. In addition to the resources available on their website, Nationwide representatives meet regularly with your employees for individualized planning while the Nationwide Institute has created state-of-the-art tools - including new retiree health care and social security calculators – to help participants make the most informed choices possible when considering how to save for their retirement. In California alone, Nationwide’s deferred compensation program currently serves more than 55,000 employees and has almost $2.5 billion in assets.
New Contracts, Savings through U.S. Communities
Our U.S. Communities Cooperative Purchasing Program continues to add new contracts to save your county time and money on procurement while guaranteeing best overall local government pricing. Currently, U.S. Communities has 35 supplier contracts. Our newest contracts include offender monitoring through BI Incorporated; Oracle products from DLT Solutions, and workforce management solutions from Kronos. Pending new contract offerings include facilities maintenance outsourcing, pharmaceutical/medical products, translation services, and utility vehicles. The average California county currently utilizes only two U.S. Communities contracts. With 35 contracts available there are significant savings available to each and every county in the state! A U.S. Communities supplier summit will be held in Sacramento on November 20 and will feature 10-12 of our suppliers. If you are interested in attending please contact Jason Angel at jangel@uscommunities.org or 415.328.8109. Please visit U.S. Communities for a full listing of suppliers and contact us to discuss your current usage and ways to increase your savings.
PACE Now Being Offered
Residential and commercial Property Assessed Clean Energy (PACE) programs are now being offered through the California Statewide Communities Development Authority (CSCDA) with our CaliforniaFIRST program, administered by Renewable Funding. The CSAC Finance Corporation launched the CaliforniaFIRST program in an initial 17 counties and to-date have closed 40 transactions totaling over $800,000 since our July launch. A statewide validation for the program is underway and expansion to all counties will be possible by January 1. In early 2015, we will also launch a broader Open PACE program with HERO and AllianceNRG as additional administrators. Please contact us for more information on how to opt-in to our CSCDA PACE programs.
For more information on any of these programs, please contact Nancy Parrish at nparrish@csacfinancecorp.org or Laura Labanieh at llabanieh@csacfinancecorp.org.
Revenue generated by the CSAC Finance Corporation helps support CSAC’s advocacy and educational efforts on behalf of California’s counties. Your usage and support of these programs offsets the cost of representing county government before the legislature and administration and keeps dues to a minimum.