Washoe County - File #: TMP-5175

• File #: TMP-5175
• Version: 1
• Type: Informational Report
• Status: Consent Agenda
• File created: 7/8/2021
• In control: Manager
• On agenda: 7/20/2021
• Title: Recommendation to approve Washoe County’s Debt Management Policy as of June 30, 2021 which includes (1) a discussion of the County’s ability to afford existing general obligation debt, authorized future general obligation debt and proposed future general obligation debt; (2) a discussion of the County’s capacity to incur authorized and proposed future general obligation debt without exceeding the applicable debt limit; (3) a discussion of the County’s general obligation debt that is payable from property taxes per capita as compared with such debt of other municipalities in this State; (4) a discussion of the County’s general obligation debt that is payable from property taxes as a percentage of assessed valuation of all taxable property within the boundaries of the municipality; (5) policy regarding the manner in which the County’s expects to sell its debt; (6) a discussion of the County’s sources of money projected to be available to pay existing general obligation debt, authorized ...

Title

Recommendation to approve Washoe County’s Debt Management Policy as of June 30, 2021 which includes (1) a discussion of the County’s ability to afford existing general obligation debt, authorized future general obligation debt and proposed future general obligation debt; (2) a discussion of the County’s capacity to incur authorized and proposed future general obligation debt without exceeding the applicable debt limit; (3) a discussion of the County’s general obligation debt that is payable from property taxes per capita as compared with such debt of other municipalities in this State; (4)  a discussion of the County’s general obligation debt that is payable from property taxes as a percentage of assessed valuation of all taxable property within the boundaries of the municipality; (5) policy regarding the manner in which the County’s expects to sell its debt; (6) a discussion of the County’s sources of money projected to be available to pay existing general obligation debt, authorized future general obligation debt and proposed future general obligation debt; and (7) a discussion of the County’s operational costs and revenue sources, for the ensuing 5 fiscal years, associated with each project included in its capital improvement plan if those costs and revenues are expected to affect the property tax rate; and direction to staff to submit to the Department of Taxation and the county debt management commission the policy or a written statement of the County’s debt management policy on or before August 1 as required by NRS 350.013(1)(c). Manager's Office. (All Commission Districts.) FOR POSSIBLE ACTION