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Attachment 4 <br /> Key Debt Ratio: Tax Supported Debt to Assessed Value ORANGE COUNTY <br /> NORTH CAROLINA <br /> Tax Supported Debt to Assessed Value TS Debt to Assessed Value Peer Comparative (Lower is Better) <br /> 3.50% Orange County(2017) <br /> 3.00% <br /> National'Aaa'Median <br /> 2.50% <br /> 2.00 NC'Aaa'Median - <br /> 1.50% Buncombe — <br /> Durham - <br /> 1.00 <br /> Forsyth <br /> 0.50% Guilford <br /> Mecklenburg <br /> 0.00% , ■ — — New Hanover <br /> �(b �1 �Q� �Cb �Q �Ny �0, �nj Union <br /> rQ r f 1Q lQ l �O �O wake <br /> 0.0 0.5 1.0 1.5 2.0 <br /> Existing Policy Percent <br /> • Existing Tax Supported Debt to Assessed Value ■ Rating Considerations: <br /> — FY 2017: 1.01% — Moody's: Criteria for General Obligation Credits defines categories <br /> of Debt to Assessed Values as: <br /> • Assumed Future Growth Rates — Very Strong (Aaa): < 0.75% <br /> — 2016 Assessed Value: $16,778,182,392 — Strong(Aa): 0.75%- 1.75% <br /> — 2017 Budgeted A.V.: $16,942,732,752 — Moderate (A): 1.75%- 4.00% <br /> — 2018 & Beyond: 1.70% — Weak - Very Poor (Baa and below): > 4.00% <br /> • The County has a Financial Policy setting a maximum Tax Supported — S&P: A positive qualitative adjustment is made to the Debt and <br /> Debt to Assessed Value of 3.0%. Contingent Liabilities score for a debt to market value ratio below <br /> 3.00%, while a negative adjustment is made for a ratio above <br /> 10.00%. <br /> DAVENPORT&COMPANY Source: LGC Bond Ledger,2016 CAFR,County Budget Documents,Moody's Investors Service,and S&P <br /> June 13,2017 Orange County, INC 10 <br />