FY 2017 Budget Highlights
DEBT AFFORDABILITY STUDY
The County's financial advisor has been asked to perform a study of the County's current
debt policies, and if appropriate, provide recommendations for how these policies might
be improved to better suit the County's current capital needs without endangering its
top tier credit ratings.
The objectives of this study are threefold:
Compare the County's current General Fund and Total Debt Profile and Key Debt Ratios
to a set of peer governments;
Project the County's future General Fund and Total Debt Ratios after issuance of its 6-Year
CIP; and
Possible recommendations for how the County might refresh its current policies regarding
debt issuance, monitoring, and projections include:
Increasing fund balance/reserves beyond current level
Consider increasing ratios to align with peer polices
Consider use of other ratios and metrics
Conform, if necessary, the County's policies to the current rating agency methodologies
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