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Questions and Answers
What is the primary requirement for financing capital improvements related to Enterprise Fund operations?
What is the primary requirement for financing capital improvements related to Enterprise Fund operations?
- Debt is not permitted for financing Enterprise Fund capital improvements
- Debt must be repaid solely from user fees and charges and other available revenue generated from operations of the respective Enterprise fund (correct)
- Debt must be repaid from the County's general revenue sources
- Debt must be repaid from a combination of user fees and County general revenue sources
What is the maximum length of time the County will issue debt to finance capital improvements?
What is the maximum length of time the County will issue debt to finance capital improvements?
- 25 years
- 10 years
- No more than the useful life of the improvements, but not to exceed 30 years (correct)
- 20 years
For what purposes will the County issue debt?
For what purposes will the County issue debt?
- Only for the purpose of refunding outstanding debt
- Only for the purpose of making major renovations to existing capital improvements
- Only for the purpose of constructing or acquiring capital improvements
- For the purposes of constructing or acquiring capital improvements, making major renovations to existing capital improvements, acquiring environmentally sensitive lands, and refunding outstanding debt (correct)
What is the primary role of the outside financial advisor engaged by the County?
What is the primary role of the outside financial advisor engaged by the County?
Which of the following factors does the County consider when evaluating the issuance of debt?
Which of the following factors does the County consider when evaluating the issuance of debt?
What is the purpose of the County engaging an outside financial advisor?
What is the purpose of the County engaging an outside financial advisor?
What is one of the methods mentioned in the text that the County will use to seek expenditure reductions?
What is one of the methods mentioned in the text that the County will use to seek expenditure reductions?
In which circumstance may the County pre-pay certain expenditures, according to the text?
In which circumstance may the County pre-pay certain expenditures, according to the text?
What department is mentioned as the final determinant of necessitating circumstances for certain expenditures?
What department is mentioned as the final determinant of necessitating circumstances for certain expenditures?
Which of the following is closely reviewed with justification required, according to the text?
Which of the following is closely reviewed with justification required, according to the text?
What will the County budget emphasize in terms of planning, as stated in the text?
What will the County budget emphasize in terms of planning, as stated in the text?
What will be included for each County program in the budget, according to the text?
What will be included for each County program in the budget, according to the text?
What percentage of the reported total taxable value of current property assessments is used for anticipating revenue from property taxes in the operating budget preparation?
What percentage of the reported total taxable value of current property assessments is used for anticipating revenue from property taxes in the operating budget preparation?
In accordance with the revenue policy, what percentage of the net budgeted revenue is stated after conforming to the 5% Statutory reduction requirement?
In accordance with the revenue policy, what percentage of the net budgeted revenue is stated after conforming to the 5% Statutory reduction requirement?
Who will be responsible for the assessment of capital assets, including evaluating community needs, deferred maintenance impact, and technology changes?
Who will be responsible for the assessment of capital assets, including evaluating community needs, deferred maintenance impact, and technology changes?
What is the goal regarding audit opinions for the County's financial records?
What is the goal regarding audit opinions for the County's financial records?
How often will the County conduct an annual audit of its financial records?
How often will the County conduct an annual audit of its financial records?
Where should all sales tax received be allocated according to the revenue policy?
Where should all sales tax received be allocated according to the revenue policy?
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