Kyle A. Laux 74
Board mulls savingThe issue of clinking coins both spending it in addition to saving it was front and center in a Powhatan County Board of Professionals workshop on Tuesday, Sept. 40.
The supervisors didn't make any move but they heard several delivering presentations Timberland Womens Shoes Australia on items coming within review in the near future on themes ranging from new employees to be able to road construction to changes to the county's budget.
Kyle A. Laux, initial vice president of Davenport Company LLC, the particular county's investment firm, spoke with a board about possible mortgage refinancing opportunities and the benefits those could bring to the local.
As part of his presentation, Laux pointed out your county's increasingly good credit ratings along with Moody's and Standard Poor, two oldest credit rating agencies giving ratings for local nations.
The county has a score of Aa2 with Moody's (falls at the center range of the second tier "very strong") and it was recently upgraded to AA+ by using Standard Poor (top of the 2nd tier). The highest ranking that can be achieved is Aaa along with Moody's and AAA with Regular Poor.
"Think of your credit rating a lot like you think of your credit scores when you are thinking about mortgages, car loans, in addition to things like that," he said. "The higher the rating, ordinarily, the lower the interest rate."
As the county begins economical year 2015, Tiffany Necklaces Australia it has about $83 million in outstanding debt, Laux mentioned. That debt is broken down directly into $16 million Timberland Womens Boots Australia in the general authorities category, $49.7 million in educational facilities and $17.3 million throughout water and sewer.
Laux's presentation highlighted the historically low interest for tax exempt borrowing offering but said it isn't known how long that will last.
Davenport provides identified Vibram Kso Treksport four of Powhatan County's existing loans as potential re-financing candidates, with two that you will find acted on very quickly.
A VRA Pool program sells includes in the marketplace two to three times per year, with the next sale in Wednesday, Nov. 5. 3.
Participating in the sale for anyone two loans provides the capacity to quickly Timberland Australia Melbourne enter the market as a result of VRA and lock in rates for a refinancing sooner than other options, Laux reported.
The financing strategies Laux laid out enables the county to remortgage for significant savings with no extending the final maturities of the loans, he said.
He pointed out this supervisors would have two events in which to take action on this before the deadline of Oct. 23.
Pat Weiler, county administrator, presented Dobbins by pointing out that there was a reduction in the clerk's office budget conserving about $30,000 in budgetary year 2015. In addition to that, the county will receive almost $10,000 in additional revenue from the state.
Dobbins wishes to add a deputy clerk position that will pay $28,950 in fiscal calendar year 2015 because the year has already began and go to a full salary of $38,610 in fiscal year 2016. The position includes benefits.
Dobbins was able to appear low estimates of additional income in fiscal year 2015 as well as the following years to help provide for the position, meaning she would consult the county to dietary supplement the difference.
A major task for those hired for the job will be Pandora Charms Australia Sale to digitize the county's land, will plus order books, Dobbins said.
The positioning will entail many other tasks and the person hired might be cross trained in other functions in the office, which is a focus right now for all of the clerk's office employees, your lover said.
Looking at year end forecasts for the fiscal year 2015 spending budget.
Weiler took the board via amendments to the fiscal season 2015 budget that was adopted recording, including several items your supervisors were scheduled to vote on at their assembly on Monday, Oct. Half-dozen.
Reviewing a Capital Changes Plan for Powhatan County that is "fiscally Cheap Pandora Bracelets controlled."
Weiler said she displayed a CIP to the board around March that was not financially restrained, and after two workshops discussing it, that discipline was something the aboard requested.
On Sept. 30, she presented a Timberlands Boots plan that is definitely fiscally restrained for the monetary years 2015 and 2016.
Weiler said the woman didn't present solutions for the three years because of things that are up in the air, such as a consist of $7 million radio tower that can have its study in 2015, a utilities master plan, and what is decided about possible school renovations or structure for Powhatan County Public Universities.
She also pointed out that your CIP is only a plan, and that should the board adopts it inside their meeting on Oct. Six, they are not budgeting or authorizing money for any specific projects.
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