Title
Debt Management Policy
Recommendation
That the Board of Supervisors rescind the Debt Management Policy adopted on February 23, 1993 (Exhibit A); approve the revised Debt Management Policy (Exhibit A) to establish guidelines to address capital improvement costs, short-term and long-term cash management and to create policies and procedures that minimize the county's debt service and issuance cost; and authorize the County Administrative Officer (CAO) to prepare and maintain a five-year capital program for consideration, prioritization and adoption by the Board of Supervisors as part of the county's budget process.