HomeMy WebLinkAbout95.Item 3 PPP 09-12-18 Admin Comm - Debt Policy 2018Presenter: Lorenzo Tyner
Assistant General Manager
Debt Policy Update
Overall Objectives (Book Page 25)
a)Accelerates project delivery
b)Spreads costs over the useful life of the asset
c)Smooths out the District’s Cash Flow
d)Achieves the lowest possible overall costs
Limitations (Book Page 27)
a)Compliance with legal limits
b)Restricts use to supporting Capital Projects
c)Cannot support Operating Expenses
Types of Debt (Book Page 28)
a)Commercial Paper
b)Revenue Bonds
c)Refundings
d)Certificates of Participation –Primary
Credit Objectives (Book Page 30)
a)Maintain strong bond ratings
b)Ensure Transparency with the Rating Agencies
c)Appropriate Revenue Sources:
Ad Valorem Property Tax, User Fees, Other
Support (Book Page 32)
a)Financial Advisor
b)Bond Counsel
c)General Counsel