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CONSENT AGENDA <br />Indian River County <br />Inter -Office Memorandum <br />Office of Management and Budget <br />To: Members of the Board <br />of County Commissioners <br />Date: May 28,2024 <br />Through: John A. Titkanich Jr., County Administrator <br />From: Kristin Daniels, Director, Office of Management & Budget <br />Subject: Debt Policy Revisions <br />Description and Conditions <br />In preparation of issuing the voter approved $50 million environmentally sensitive land <br />acquisition bonds, the County's debt policy was reviewed to ensure compliance. Upon this <br />review, it was realized that multiple changes are needed to remove outdated language and <br />revise some of the verbiage used. <br />The policy is published annually in the County's budget book and referenced in the Finance <br />Department's internal controls. Both documents will be updated to reflect these changes once <br />approved. <br />Recommendation <br />Staff recommends that the Board of County Commissioners approve the changes being <br />proposed to update the County's debt policy. <br />Attachments <br />Strikethrough Version - Debt Policy <br />Proposed Clean Version - Debt Policy <br />38 <br />