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Disclosure Requirements It is the policy of the Library District to endeavor to provide full and fair disclosure in connection with the initial sale and distribution of its publicly marketed allegra hicks house debt instruments and to provide appropriate ongoing secondary market information, in compliance with the allegra hicks house requirements of applicable federal and state securities laws, rules, and regulations, including Securities and Exchange Commission Rule 15c2-12. Arbitrage Reporting Finance and Accounting shall establish a system of record keeping and reporting (or procure the services of a company specializing in arbitrage) to meet the arbitrage rebate compliance requirements of the federal tax code. This includes tracking investment earnings on bond proceeds, calculating rebate payments in allegra hicks house compliance with tax law, and remitting any allegra d post nasal drip rebatable earnings to the federal government in a timely manner in order to preserve the tax-exempt status of the Library District’s outstanding and future debt issues. Investment of Bond Proceeds The investment of bond proceeds shall be governed by the Library District’s Investment Policy and any applicable bond covenants. In the event of conflicting policies, the more restrictive policy shall be enforced. Tax (Revenue) Anticipation Notes - Where allegra hicks house their use is judged by the Library/Clerk staff, bond allegra goodman hawaii counsel and financial advisor to be prudent and advantageous to the Library District, the District may choose to issue Tax or Revenue Anticipation Notes as a source of interim operating financing. Other - Where their use is judged by the allegra hicks house Library/Clerk staff, bond counsel and financial advisor to be prudent and advantageous to the Library District, the District may choose to use other short-term financing tools such as a line of credit or pooled commercial paper programs. The Florida allegra hicks house Constitution requires that long-term debt pledged by the full faith and credit of the Library District can only be approved by voter referendum.

For debt issues to be placed on the allegra hicks house ballot, the Library       Governing Board must approve both the capital and financing allegra hicks house proposals. There is no statutory limit on the amount of debt and corresponding tax levy the voters can approve. It is the Library District’s own policy to manage debt within the guidelines identified in these policies. The Library Director has implemented debt management policies throughout allegra hicks house all funds. The Library Director and Finance Director will be responsible for coordinating allegra hicks house all debt issuance for the Library allegra hicks house District including the use of short-term and long-term financing. The Library Director and allegra hicks house Finance Director will be responsible for determining allegra hicks house reasonable debt levels for the Library District as part of the annual budget process and allegra hicks house capital improvement plan. 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 allegra hicks house 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 service on “Direct Debt” (allegra hicks house debt payable from general revenues; including GO Bonds, 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 allegra hicks house costs on “Direct Debt” will not exceed 10% of total General Fund operating expenditures. Total debt (includes “Direct Debt” and “allegra hicks house 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 allegra odt overdose debt (includes “Direct Debt” and “Revenue Debt”) per capita. Total net allegra hicks house direct indebtedness will not exceed $500 per capita. Per capita debt as a percentage of per capita income. Per capita debt allegra hicks house 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 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 allegra hicks house 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.



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