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Productivity Investment Fund Overview Commissioner Patricia Johnson, Chair Productivity Investment Board.

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Presentation on theme: "Productivity Investment Fund Overview Commissioner Patricia Johnson, Chair Productivity Investment Board."— Presentation transcript:

1 Productivity Investment Fund Overview Commissioner Patricia Johnson, Chair Productivity Investment Board

2  The Los Angeles County Board of Supervisors set up the fund to: ◦ Promote innovation ◦ Support creativity ◦ Improve efficiency and effectiveness in all aspects of County service

3  The PIF was not intended to: ◦ Make or change County policy ◦ Fund projects disapproved by the Board for reason (not lack of funds) ◦ Replace or augment day to day operating budgets ◦ Supplement projects that have been funded through the normal budget process

4  LA County departments are eligible  Departments may partner with non-county agencies, but must be the lead

5  Loan ◦ Payback is 36 months unless otherwise agreed ◦ Interest is based on the County’s treasury pool at the time of the loan, plus 0.5 percent  Grant  Loan/Grant combination  Venture loan

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7  Project discussion in department ◦ Project team ◦ Department approvals ◦ Application

8  Peer Review ◦ Chair – Marian Hall, DHR ◦ Eight members, including representatives from the Auditor-Controller, CEO, CIO, Sheriff and PMN representatives ◦ Department presents the project ◦ Committee makes recommendations to strengthen the project

9  PIB ◦ Chair – Commissioner Patricia Johnson ◦ Eight Commissioner members, including Chair  Department presents to the PIB  PIB may require additions or changes to the project  PIB makes funding recommendations to the full Commission

10  A Commissioner will represent the department at the full Commission meeting  The department must be there to answer questions ◦ It helps significantly to have the department head there  The full Commission votes on the project

11  QPC Staff will send (digitally) an award letter and schedule  Key players must sign the agreement: ◦ Department Head ◦ Productivity Manager ◦ Project Manager ◦ Finance/Budget Representative

12  The Department’s budget section should include the anticipated transfer of funds in the annual budget  Contact the Commission Office at (213) if you have any questions on how to transfer funds or make payments

13  All PIF projects must report to the Commission: ◦ Annual Reports (January) ◦ Final Reports (one year after project is completed)  Project Evaluation ◦ Develop metrics early ◦ Both the annual and final reports include sections on cost benefits

14  Remember – the Productivity Manager is a key player in coordinating PIF projects!


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