Allegra d 60 120er

Each year, the Library Director and Finance Director will review the Library District’s ability to absorb and pay for long-term obligations (including new bond issues).

The review process will include recommendations on how much new debt can be afforded by the Library District. Recommendations will be based on an analysis of the following measures: i. Total debt allegra d 60 120er service on “Direct Debt” (debt payable from general revenues; including GO Bonds, allegra d 60 120er capital leases, and notes payable) measured as a percent of current General Fund revenue. Debt service costs on “Direct Debt” will not exceed 5% of total General Fund revenue. Total debt service on “Direct Debt” measured as a percent of General Fund operating expenditures. Debt service costs on “Direct Debt” will not exceed 10% of total General allegra d 60 120er Fund operating expenditures. Total debt (allegra d 60 120er includes “Direct Debt” and “Revenue Debt” as a percent of assessed value. Total net direct indebtedness will not exceed 3% of the full valuation of taxable property in the County. Total debt (includes “Direct Debt” and “Revenue Debt”) per capita. Total allegra d 60 120er net direct indebtedness will not exceed $500 per capita. Per capita debt as a percentage of per capita income. Per capita debt will not exceed 5% of per capita income. The terms “Direct Debt” and “Revenue Debt” used above are defined in GFOA’s Recommended Practice for Debt Management Policies as follows: Direct Debt – Debt payable from general revenues, including capital leases Revenue Debt – Debt payable from a specific pledged revenue source   Inter-fund Loan allegra d 60 120er Policy Inter-fund Loan Policies are intended to provide parameters and guidance for the management of loans between funds. Inter-fund loans may be necessary to provide adequate cash flow for reimbursable grants and contractual obligations with deferred revenues. Repayment of any loan shall not exceed one year without approval of the Library Governing Board. Loans outstanding at fiscal year end will be reported to the Library Governing Board. Any fund may receive a total loan of up to $50,000 with approval from the Library Director, Finance Director, and Clerk of the Courts. Any allegra d 60 120er fund may receive a total loan in excess of $50,000 with the approval from the Library Governing Board. Contingency Reserves/Cash Carry Forward Balances Contingency reserves are established to provide for the following:     Funding for unexpected increases in the cost of providing existing levels of service;     Temporary and nonrecurring funding for unanticipated projects; Funding of a local match for public allegra orange juice interaction or private grants; Funding to off-set losses in revenue caused by actions of other governmental bodies and/or unanticipated economic downturns;     Funding to accommodate unanticipated program mandates from other governmental bodies;     Funding for emergencies, whether economic, natural disaster or act of war; Budgeted Reserve for Contingency 1. Reserve for contingency requests must be approved by allegra d 60 120er the Library Governing Board. The Board will use the procedures and evaluation criteria set forth in this policy. Such requests will be evaluated to insure consistency with other Board policy; the urgency of the request; the scope of services to be provided; the short and long-term fiscal impact of the request; a review of alternative methods of funding or providing the services; a review for duplication of services with other agencies; a review of efforts to secure non-Library District funding; a discussion of why funding was not sought during the normal budget cycle; and a review of the impact of not funding or delaying funding to the next fiscal year.

A reserve for contingency will be calculated and established by the Library Director or designee for each operating fund in an amount not greater than 10% of the total budget and in accordance with Chapter 129.