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16
<br /> Fiscal Year Total Debt Total Assessed Value Debt to AV Ratio
<br /> 2007 $ 221,943,769 12,330,315,189 1.80%
<br /> 2008 216,588,249 12,581,220,279 1.72%
<br /> 2009 233,904,488 12,820,237,558 1.82%
<br /> 2010 222,843,717 15,538,736,056 1.43%
<br /> 2011 214,713,340 15,689,990,180 1.37%
<br /> 2012 225,599,381 15,899,136,125 1.42%
<br /> 2013 210,585,038 16,075,973,471 1.31%
<br /> 2014 214,322,108 16,632,360,368 1.29%
<br /> 2015 207,784,411 16,501,943,134 1.26%
<br /> 2016 190,805,417 16,778,182,392 1.14%
<br /> 1 Note:Total Debt includes all County Debt including Enterprise Fund debt.
<br /> 2
<br /> 3 Best Practices for Unassiqned General Fund Balance
<br /> 4 ➢ The Government Finance Officers Association (GFOA) of U.S. and Canada:
<br /> 5 • Updated the Best Practice on unassigned general fund balances in 200
<br /> 6 • At a minimum an unassigned general fund balance of no less than 2 months of
<br /> 7 regular general fund operating revenues or operating expenditures
<br /> 8 • Equates to 16.7% of either general fund operating revenues or operating
<br /> 9 expenditures
<br /> 10
<br /> 11 Appropriate Use of Unassiqned Fund Balance
<br /> 12 ➢ The essential uses of General Fund reserves:
<br /> 13 • Mitigate risk attributed to revenue shortfalls or unanticipated non-recurring
<br /> 14 expenditures
<br /> 15 • Provide a financial bridge during recessions or weak economic conditions
<br /> 16 • Use for natural disasters and emergencies
<br /> 17 • Cash Balance cushion
<br /> 18
<br /> 19 Audited Unassiqned Fund Balance as a Percent of Expenditures—General Fund (qraph)
<br /> 20
<br /> 21 Unassiqned Fund Balance as % of Expenditures
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