The County of Riverside is seeking financial advisory services for long-term lease financings and general financial advisement. The contract was awarded to Fieldman Rolapp and Associates and C.M. de Crinis and Co, Inc. The County provides a wide range of services to residents, including police and fire protection, medical and health services, education, library services, and public assistance programs. The County is seeking a list of qualified firms to provide financial advisement, and the contract is contingent upon successful contract negotiations and approval by the Board of Supervisors.
• The County has a population of over 2.2 million people and is the fourth largest county in California by area.
• The County has a diverse geography, with a western valley area, mountains, and deserts.
• The County has a significant amount of bonded indebtedness, with over $709 million in direct general obligation bonded indebtedness and over $334 million in pension obligation bonded indebtedness.
• The County is seeking financial advisory services to help manage its finances and make informed decisions about its financial future.