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12/17/2013AP
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12/17/2013AP
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Last modified
6/26/2018 11:11:06 AM
Creation date
3/23/2016 9:06:55 AM
Metadata
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Template:
Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
12/17/2013
Meeting Body
Board of County Commissioners
Book and Page
159
Supplemental fields
FilePath
H:\Indian River\Network Files\SL00000G\S0004NY.tif
SmeadsoftID
14239
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COUNTY FINANCING INTEREST RATES <br /> Ten Year Historical Amounts Compared to Interest Rate Benchmarks <br /> Calendar Year County Rate Historical Interest Rates <br /> 2014 (Recommended) 5.75% <br /> 2013 5.75% 9.00% <br /> 2012 5.75% — <br /> ° <br /> 2011 5.75% 8.00/° <br /> 2010 5.75% 7.00% <br /> 2009 5.75% <br /> 2008 (3) 5.75% 6.00% <br /> 2007 8.25% 5.00% <br /> 2006 7.00% N <br /> 2005 5.75% 4.00% <br /> 2004 5.75% _ <br /> 2003 5.75% 3.00% <br /> 2002 - Feb. 5 through Dec. 31 5.75% 2.00% <br /> 2002 - Jan. 1 through Feb. 5 4.75% <br /> 2001 - Jul. through Dec. (2) 6.75% 1.00% <br /> ..; _LI 'Lt t Ll <br /> 2001 - Jan. through Jun. 8.50% I I �_ L L L' <br /> 0.00% <br /> 2000 8.50% 2000 2001 2002 2004 2006 2008 2010 2012 2014 <br /> Calendar Year <br /> (1) On February 5, 2002, the Board of Commissioners adopted a minimum interest rate of 5.75%. This rate is equivalent to the interest rate on County <br /> utility revenue bonds. This prevents the County from lending at lower rates than our own borrowing costs. <br /> (2) Due to highly fluctuating interest rates, the County adjusted interest rates every six months, rather than every twelve months for calendar year 2001. <br /> (3) On December 18, 2007, the BCC approved setting this at the minimum rate of 5.75% as opposed to the prime rate of 7.25% in light of current <br /> economic conditions. <br /> Note: The County sets a standard interest rate on all financing at the beginning of each calendar year. This rate is equivalent to the prime rate as <br /> published on Bloomberg, with a minimum rate of 5.75% adopted on February 5, 2002. <br /> W <br /> 00 fAbudget\jason\misc\interest rate history.As 12/5/2013 <br />
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