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COUNTY FINANCING INTEREST RATES <br />Historical Amounts Compared to Interest Rate Benchmarks <br />Calendar Year County Rate <br />2015 (Recommended) 5.75% <br />2014 5.75% <br />2013 5.75% <br />2012 5.75% <br />2011 5.75% <br />2010 5.75% <br />2009 5.75% <br />2008 (3) 5.75% <br />2007 8.25% <br />2006 7.00% <br />2005 5.75% <br />2004 5.75% <br />2003 5.75% <br />2002 - Feb. 5 - Dec. 31 (1) 5.75% <br />2002 - Jan. 1 - Feb. 5 (1) 4.75% <br />2001 - Jul. - Dec. (2) 5.75% <br />2001 - Jan. - Jun. (2) 8.50% <br />2000 8.50% <br />Interest Rate <br />9.00% <br />8.00% <br />7.00% <br />6 00% <br />5.00% <br />4.00% <br />3.00% <br />2.00% <br />1.00% <br />Historical Interest Rates <br />20QP' 1-QPti�p6 `9 <br />Calendar Year <br />,P'1" <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 <br />rate on County 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 <br />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 <br />of current ecohohiic 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 <br />prime rate as published on Bloomberg, with a minimum rate of 5.75% adopted on February 5, 2002. <br />f \budget\jason\mise\interest rate history <br />12/8/2014 <br />