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• $6.9 MILLION UNISSUED BONDS <br />DEBT POLICY PARAMETERS <br />• Debt Will Not Exceed 3% of Assessed Value <br />- Actual Debt = 1.95% of Assessed Value <br />• Debt Service Payments Will Not Exceed 15% of Operating Expenses <br />- Actual Pymts = 14% of Operating Expenses <br />Solid Waste Enterprise Fund <br />• TOTAL REVENUES OF $7.6 MILLION <br />• TOTAL EXPENDITURES OF $6.5 MILLION <br />• $1.1 MILLION REVENUES OVER EXPENDITURES <br />• CASH AND INVESTMENTS OF $8.2 MILLION <br />• CURRENT LIABILITIES OF $1.2 MILLION <br />• $660 THOUSAND IN RESERVES APPROPRIATED 2006-2007 <br />• VERY SOUND FINANCIAL CONDITION <br />SPORTSPLEX <br />• Net Assets at Year End of $342,257 <br />• Increase of $187, 008 Over Prior Year <br />• No County Funds Needed for Day to Day Operations <br />• Separate Audit Performed <br />• Audit Letter Recommended Operational Improvements <br />SINGLE AUDIT AND GRANTS <br />• $124.8 MILLION FEDERAL AND STATE GRANT FUNDS <br />• DSS FUNDS APPROXIMATELY $102 MILLION MOSTLY DIRECT PAYMENTS <br />• HOUSING AND CD FUNDS $5 MILLION <br />• SINGLE AUDIT COVERS BOTH FINANCIAL AND PROGRAM COMPLIANCE <br />• NO QUESTIONED COSTS <br />POSITIVE AUDIT RESULTS <br />• Successful audit process <br />• Continued Implementation of New GASB Requirements <br />• Auditors Performed New SAS Requirements <br />• Sound Financial Policies and Procedures <br />• "Unqualified Opinion" (GOOD) <br />• Findings, Recommendations And Responses. <br />