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18 <br /> 1 <br /> 2 Moody's Scorecard <br /> Jiir J ra l��r rr r,1 i liii �� 1� rr r� �i <br /> f� JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ� uw,111�,�,J/ V�,I I f1,. <br /> J1,111 <br /> �i"mm.�l � W«' A <br /> Economy/Tax Base 30% <br /> Tax Base Size (full value) 10% <br /> Full Value per Capita 10% <br /> Wealth (median family income) 10% <br /> Finances 30% <br /> Fund Balance (% of Revenues) 10% <br /> Fund Balance Trend (5-Yr Change) 5% <br /> Cash Balance (%of Revenues) 10% <br /> Cash Balance Trend (5-Yr Change) 5% <br /> Management 20% <br /> Institutional Framework 10% <br /> Operating History 10% <br /> Debt/Pensions 20% <br /> Debt to Full Value 5% <br /> Debt to Revenue 5% <br /> Moody's adjusted Net Pension. Liability 5% <br /> (3-Yr average) to Full Value <br /> Moody's adjusted Net Pension Liability 5% <br /> 3 (3-Yr average) to Revenue <br /> 4 <br /> 5 Best Practice Unassigned Fund Balance <br /> 6 ➢ In Summary <br /> 7 • GFOA Recommends Unassigned Fund Balance at 2 Months of Expenditures or <br /> 8 16.7% <br /> 9 • North Carolina AAA Rated County Peers Maintain at Least 2 Months; one <br /> 10 exception <br /> 11 • Strong Fund Balance provides Financial Bridge in Recession and Emergencies <br /> 12 <br /> 13 Questions <br /> 14 <br /> 15 Bonnie Hammersley said she put this item on the agenda because the audit had not <br /> 16 been completed the last time this topic was discussed. She said this was the first available time <br /> 17 to add it to an agenda, since the completion of the audit. She said this is the Board of County <br /> 18 Commissioners' policy and should be defined as such. <br /> 19 Commissioner Marcoplos asked if the fund balance was dipped into during the <br /> 20 recession. <br />