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TO: Orange County Board of Commissioners
FROM: Donna Dean, Budget Director
.DATE: June 17, 2004
RE: Debt Issuance Schedule
The attached spreadsheet offers the most recent version of the County's Debt Issuance Schedule
far alternative financing and 2001 voter approved bonds. The Board endorsed this particular
version of the schedule on May 5, 2004. At a quick glance, the spreadsheet appears very
complicated to follow; therefore, the following information attempts to clarify the information
contained in the schedule.
Columns
o Columns A and B (shaded in light green) reflect the issuances that occurred in fiscal year
2002-03.
o Columns C through L approximate, by fiscal year, debt issuance amounts that would be
needed for each project. The amounts coincide with the most recent cash flow projections
received from County staff as well as the County's bond partners.
o Columns M through O provide total debt funding far individual projects.
Rows
o The first line for each project (highlighted in yellow) provides, by project, the estimated debt
issuance amounts that staff presented to the Board at the October 27, 2003 work session.
o The second line for each project (highlighted in grey) provides, by project, the most recent
debt issuance amounts that the Board endorsed on May 5, 2004. The Board subsequently
approved the actual debt issuance amounts for fiscal year 2004-05 (columns E and F) at
the June 8, 2004 Commissioners meeting.
o Row 66 of the chart (highlighted in pink) includes the proposed two-thirds net debt bond
issuance of $4..2 million that the Board approved on June 8, 2004. Additional information
related to specific project recommendations is included on the spreadsheet entitled
"Proposed Projects to Fund with 2004 Two-Thirds Net Debt Bonds" (Attachment 3 of the
enclosed CIP materials).
o Row 69 of the chart provides the grand total of all projects proposed to the Board on
October 27, 2003.
o Row 70 of the chart provides the grand total of all projects endorsed by the Board on May
5, 2004.
o Row 71 of the chart (highlighted in purple) provides the grand total of the approved debt
issuance schedule originally approved by the Board on September 3, 2002,
' Feel free to contact me if you have additional questions regarding the attached Debt Issuance
Schedule.
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