This is the second segment from the annual budget kick-off meeting that occurred on February 8, 2024. It includes a video of a presentation given by Mitch Brigulio, a representative of Davenport and Associates and a copy of the report given to county commissioners and staff.
DAY SPONSOR
Macon Media is being underwritten today by Franklin Office Supply. Visit their store at 161 Highlands Road in Franklin or check out their website.
--END SPONSOR SEGMENT---
Media Roll Call
(in the interest of promoting transparency in local and regional news outlets)
Macon Media -Bobby
The Franklin Press --Thomas
The Franklin Press --Thomas
Credit Overview and Financial Performance
Macon County currently has An Aa2 rating from Moody's and AA from Stand & Poors. Learn more about public credit ratings at [Investopedia] or by watching a short YouTube video by [Governing].
Existing Tax Supported Debt
$21,779,443 Principal
$4,082,993 Interest
$25,862,436 Total
2024 Payments
$2,727,274 Principal
$780,191 Interest
$3,507,464 Total
Proposed Debt Service
The total amount prosed for debt to pay for the new high school and other projects is $180,709,610. More details are in the presentation materials at the end of this article. A summary is posted in the above image, taken from the presentation.
CIP (Capital Improvement Plan) and Financial Overview
-Mitch Brigulio, Davenport and Associates
• Presentation Materials [PDF (123 Pages)]
About Mitch Brigulio
Senior Vice President
Mitch Brigulio began his career with Davenport in 2005 and since that time has served as Municipal Advisor on a wide range of issuers including local governments, utility systems, and toll roads. Mr. Brigulio focuses on public finance engagements in North Carolina, Virginia and Maryland and has extensive experience interacting with the North Carolina’s Local Government Commission. Mr. Brigulio received his undergraduate degree from the University of North Carolina at Chapel Hill.
Posts
0 comments :
Post a Comment