Advisory Board: Debt Affordability Advisory Committee
Subject: FY 2024/25 Annual Debt Report
Presenter: Diana Oyler, Committee Staff
Contact: diana.oyler@cao.cccounty.us
Information:
In 2006 the Board of Supervisors adopted the County Debt Management Policy via Resolution 2006/773, which established the Debt Affordability Advisory Committee (DAAC). The DAAC’s purpose is to annually review and evaluate existing and proposed new County debt and other findings or issues the committee considers appropriate. The task of the DAAC is to assess the County’s ability to generate and repay debt, and issue an annual report to the County Administrator defining debt capacity of the County.
Referral History and Update:
KNN Public Finance, LLC has prepared a draft annual report for FY 2024/25 for the DAAC’s review and consideration.
Recommendation(s)/Next Step(s):
Approve draft FY 2024/25 Annual Debt Report.