Orange County NC Website
Browse       Search
9 <br /> 1 Slide #7 <br /> General Obligation Bond <br /> North Carolina General Obligation Financing Key Provisions <br /> General Obligation Bonds <br /> - Voter Approval Required;exception for Refunding and Two-Third Bonds <br /> Securlty Pledge-Full Waith,craditftaxing power of the County <br /> Maturity Term-20 years statute permits 40 years <br /> Senior position and takes priority to all other County Limited Obligation Bonds and Installment Notes. <br /> Source of repayment-Property Tax <br /> Finances;.Buildings,School Facilltles and Renovations with long useful Ills <br /> Ratings-Aaa1AAAJAAA by Moody's.Standard&Poor`s and Fitch Ratings <br /> - LGC approval required <br /> ORANGE COUNTY <br /> NOR'i'H C 7 ROI,f NA <br /> 2 <br /> 3 <br /> 4 Slide #8 <br /> AAA GO Bond Ratings from the Three Nationally Recognized Rating Agencies <br /> ■ Orange County has maintained AAA ratings from Fitch, Moody's and <br /> Standard & Poor's the past ten years. <br /> • One of few counties with this distinction nation-wide. <br /> ■ AAA rating designation allows for lowest possible borrowing rates. <br /> ■ Prior three rating agencies'analyses have cited; <br /> ❖ Stable tax and economic base. <br /> ❖ Strong financial performance and financial policies. <br /> ❖ Regular monitoring of budget versus actuals with quarterly financial <br /> reporting to the Board. <br /> ❖ Long-term financial modeling and proactive operating and debt <br /> management strategies. <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 5 <br /> 6 <br /> 7 <br />