Meetings
 
AGENDA REQUEST

 
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Sponsor: Meeting Date:
Paul S. McCulla, County Administrator April 8, 2021
Staff Lead: Department:
Lisa M. Henty; Director, Office of Management and Budget Management and Budget
Topic:
A Resolution to Authorize Revisions to the Finance Committee Policy FC-4, Debt Issuance and Management
Topic Description:

The following updates to the Finance Committee Policy FC-4, Debt Issuance and Management were recommended by the Board of Supervisors during the FY 2022 budget development process. This revision updates the maximum threshold for construction projects and acquisitions requiring a referendum, relative to the Middle School Renovation Plan agreement. 

1.       The maximum threshold is revised from $25 million to $36 million

2.       The policy clarifies this threshold excludes bond issuance costs

Requested Action:
Consider adoption of the attached Resolution.
Financial Impact Analysis:
No financial impact.
Identify any other Departments, Organizations or Individuals that would be affected by this request:
  • County Administration
  • Finance Department
  • Office of Management & Budget
 
ATTACHMENTS:
Debt Management Policy
Resolution