2010 Debt Report - Volusia County Government

TABLE OF CONTENTS (cont’d)
VI. BOND CALL SCHEDULE .......................................………………….………… 40
VII. DEBT CAPACITY …..................................................…………………..………. 41
Local Government Half-Cent Sales Tax …………………………………………. 41
State Revenue Sharing …………………………………………………………… 42
MSD-Communications Services Tax …………………………………………..… 42
MSD – Public Services Tax (Utility Tax) ………………………………………... 42
VIII.
IX.
KEY DEBT RATIOS
Debt Ratios FY 2006-2010……………………………………………………….. 43
RESTRUCTURING OF DEBT
Historical Reference.………………………………………………..………….... 44
2009 Current Refunding...……..........................................…………..……….….. 44
2009 Defeased Debt ……………………………………………………………… 45
X. LOANS
Commercial Paper Loan Program ………………………....................………..…. 46
State Revolving Fund (SRF) Loan Program ....................……………………..…. 47
XI.
ARBITRAGE
Arbitrage …………………………………………………………………………. 48
Rebate Calculation Schedule …………………………………………………….. 49
XII. DEBT MANAGEMENT POLICY
Mission Statement ……………....................................………………………..… 51
General Policy Overview …...........................................…………………………. 51
Debt Management Policies .............................................………………………… 52
XIII. HISTORY OF BOND ISSUES …................................…………………………. 54
XIV. REFINANCING HISTORY OF SALES TAX BONDS ……………………….. 58
XV.
CONDUIT BONDS
Conduit Bond Obligations ……...................................………………………….. 59
Conduit Bond History ………………............................………………………… 60
XVI. GLOSSARY OF TERMS …………….........................…………………………. 65
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