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06/04/2024
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06/04/2024
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Last modified
8/5/2024 1:34:55 PM
Creation date
8/5/2024 12:58:41 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
06/04/2024
Meeting Body
Board of County Commissioners
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Description <br />Differences between expected and actual experience <br />Changes in assumptions <br />Net difference between projected and actual earnings on <br />OPEB Plan investments <br />Deferred <br />Outflows of <br />Resources <br />$2,585,971 <br />1,106,480 <br />1,687,203 <br />$5,379,654 <br />Deferred <br />Inflows of <br />Resources <br />$5,131,624 <br />$5,131,624 <br />Amounts reported as deferred outflows of resources and deferred inflows of <br />resources related to OPEB will be recognized in OPEB expense as follows: <br />Fiscal Year Ending <br />September 30 <br />2024 <br />2025 <br />2026 <br />2027 <br />2028 <br />Thereafter <br />Net Deferred <br />Outflows of <br />Resources <br />$(371,216) <br />(231,383) <br />243,426 <br />(26,252) <br />247,126 <br />386,329 <br />Total $248,030 <br />LITIGATION <br />There is no litigation pending or, to the knowledge of the County, threatened, which <br />restrains or enjoins the issuance or delivery of the Series 2024 Bonds or questions or affects <br />the validity of the Series 2024 Bonds or the proceedings and authority under which they <br />are to be issued, or the authority of the County to annually levy ad valorem taxes to pay <br />debt service on the Series 2024 Bonds in accordance with the Bond Resolution. Neither <br />the creation, organization or existence of the County, nor the title of the present members <br />of the County or other officers of the County in their respective offices is being contested. <br />There is no litigation pending or, to the knowledge of the County, threatened, which, if it <br />were decided against the County, would have a materially adverse impact upon the <br />financial position of the County or its ability to perform its obligations to the Series 2024 <br />Bondholders. <br />The County experiences routine litigation and claims incidental to the conduct of its <br />affairs. In the opinion of the County Attorney, there are no other actions presently pending <br />or threatened, the adverse outcome of which would have a material adverse effect on the <br />County's ability to pay debt service on the Series 2024 Bonds. <br />155 <br />
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