Laserfiche WebLink
/� --L <br /> Departmental Matters <br /> Indian River County <br /> Inter-Office Memorandum <br /> Office of Management and Budget <br /> TO: Members of the <br /> Board of County Commissioners <br /> DATE: March 22, 2013 <br /> SUBJECT: Report on Outstanding County a Issues <br /> FROM: Jason E. Brown, CGFO <br /> Director, Management & Budget <br /> Background <br /> On March 12, 2013, staff made a presentation to the Board of County Commissioners detailing the <br /> recent affirmation of the County's AAA rating on the County's Water & Sewer Revenue Bonds by Fitch <br /> Ratings. During discussion of the item, it was requested that staff bring back a report on all of the <br /> County's outstanding long-term debt. In accordance with that direction, staff presents the following <br /> report. In addition, please find a copy of the long-term debt portion of the County's annual budget <br /> document attached, which provides basic information regarding each of the outstanding bond issues as <br /> well as the County's overall debt profile. <br /> Currently, the Indian River County Board of Commissioners has five (5) outstanding bonds issues. As <br /> of September 30, 2012, the total debt outstanding was $89,350,000. Please see the listing of the <br /> outstanding bond issues below: <br /> Debt Outstanding @ <br /> Series Name September 30, 2012 <br /> Limited General Obligation Bonds, Series 2006 $32,385,000 <br /> Spring Training Facility Revenue Bonds, Series 2001 $11,075,000 <br /> Recreational Revenue Refunding Bonds, Series 2003 $2,120,000 <br /> Water& Sewer Refunding Revenue Bonds, Series 2005 $19,010,000 <br /> Water& Sewer Refunding Revenue Bonds, Series 2009 $24,760,000 <br /> Grand Total —All Long-Term Debt Outstanding $89,350,000 <br /> Each outstanding bond issue is presented in further detail herein. <br /> F:\Budget\Jason\agenda 201213\Debt Issues Outstanding - Report to BCC.doc 203 <br />