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average daily demand in fiscal 2014 of 8.8 mgd. Water use is regulated by the St. Johns Water <br /> Management District through a consumptive use permit that expires in 2031. Management believes <br /> current supply sources will be capable of meeting the county's long-term demand through at least <br /> 2030. <br /> Wastewater is treated at one of four regional treatment plants, with a combined current treatment <br /> capacity of 12.9 mgd. Average daily flow for the system is just 4.5 mgd, leaving plenty of treatment <br /> capacity to meet future growth.Effluent is treated to 100%re-use standards,and as a result the county <br /> does not expect to face significant capital or other regulatory compliance costs related to numeric <br /> nutrient mandates for effluent discharged into local surface water. <br /> STABLE LOCAL ECONOMY <br /> The county's economy continues to see improvement following the economic downturn, categorized <br /> by higher consumer spending and increases in tax rolls, sales tax and building permit revenues, and <br /> a decline in foreclosure rates. The county's unemployment rate has declined to 7.8%as of September <br /> 2014,yet remained higher than that of the state (6.1%)and nation(5.7%). Finally, the county's MHI <br /> is around 10%lower than the state and 20%below the national average.However,individual poverty <br /> rates are slightly more favorable than the state and nation. <br /> Contact: <br /> Primary Analyst <br /> Eva D. Rippeteau <br /> Associate Director <br /> +1-212-908-9105 <br /> Fitch Ratings, Inc. <br /> 33 Whitehall Street <br /> New York,NY 10004 <br /> Secondary Analyst <br /> Andrew DeStefano <br /> Director <br /> +1-212-908-0284 <br /> Committee Chairperson <br /> Doug Scott <br /> Managing Director <br /> +1-512-215-3725 <br /> Media Relations: Elizabeth Fogerty, New York, Tel: +1 (212) 908 0526, Email: <br /> elizabeth.fogerty@fitchratings.com. <br /> Additional information is available at'www.fitchratings.com'. <br /> In addition to the sources of information identified in Fitch's Revenue-Supported Rating Criteria,this <br /> action was additionally informed by information from Creditscope. <br /> Applicable Criteria and Related Research: <br /> --'Revenue-Supported Rating Criteria' (June 2014); <br /> --'U.S. Water and Sewer Revenue Bond Rating Criteria' (July 2012); <br /> --'2015 Water and Sewer Medians' (December 2014); <br /> --'2015 Outlook: Water and Sewer Sector' (December 2014). <br /> 48 <br />