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Key Debt Ratio: Debt to Assessed Value <br />Debt to Assessed Value <br />3.50% - <br />3.00% <br />2.50% <br />2.00% <br />1.50% <br />1.00% <br />0.50% <br />0.00% <br />ti.�3�`�tit.�°�`b3 °3�3°`303� o° 0 <br />i f 1 1 1 O 1 O 1 to to to to �O �o l-P <br />Existing — Policy <br />■ Existing Debt to Assessed Value <br />— FY 2013: 1.17% <br />• Historical AV Growth Rates <br />— 5-Year Compound Annual Growth Rate: 1.15% <br />— 10 Year Compound Annual Growth Rate: 5.46% <br />• Assumed Future Growth Rates <br />— 2015 & Beyond: 1.15% <br />• The County has an adopted financial policy establishing a maximum <br />Tax Supported Debt to Assessed Value at 3.0 %. <br />Debt to Assessed Value Peer Comparative <br />Orange (2014) <br />National'Aaa' <br />National'Aa1' <br />NC'Aaa' <br />NC'Aa1' <br />0.0 0.5 1.0 1.5 <br />Percent <br />■ Aaa North Carolina Counties <br />— Minimum: 1.1% <br />— Median: 1.7% <br />— Max: 1.8% <br />■ Aa1 North Carolina Counties <br />— Minimum: 0.4% <br />— Median: 0.9% <br />— Max: 2.2% <br />2.0 <br />13 <br />Note: The Assessed Value assumptions above do not include potential impacts associated with the <br />upcoming revaluation. <br />DAVENPORT n. COMPANY Source: LGC Bond Ledger, County Staff 2014 Budget, 2012 CAFR and Moody's Investors Service <br />September 26, 2013 Orange County, NC 8 <br />