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4F <br /> <br /> Page Four <br /> C. Financial Impacts <br /> In a request dated January 23, 1998, we requested information from Finance Director, Harry <br /> Takahashi, regarding the Administration's assessment of the financial impacts of its proposed <br /> bond authorization. The following information was requested: <br /> 1 &2. Over the next twenty years, what would be the estimated G.O. bond <br /> repayment schedule fora $40 million bond amount? <br /> 3. Over the next twenty years, what would be the estimated schedule of debt <br /> service requirements for the County's G.O. bonds with the addition of the <br /> $40 million bond? <br /> 4&5. What would be the County's total outstanding debt with the addition of the <br /> $40 million bond? What would be the breakdown of the County's net funded <br /> deht with the addition of the $40 million? <br /> 6. Project out for at least four years, if <br /> possible, the ratio of net bonded debt to <br /> assessed value and net bonded debt per capita. Please base these projections <br /> on trends derived <br /> from the best county data available. <br /> 7. Project out for at least four years, if <br /> possible, the ratio of annual debt service <br /> expenditures for G.O. bonded debt to total general governmental <br /> expenditures. Please base these projections on trends derived <br /> from the best <br /> county data available. <br /> 8. If the County issues the $40 million G.O. bond, please discuss what the <br /> budget implications, if any, may be of reductions in real property tax <br /> revenues and in the county's share of the Transient Accommodations Tax. <br /> How might declines in revenue be offset, i. e. through operational savings, <br /> etc. ? <br /> Mr. Takahashi's response, dated January 28, 1998, is attached. (Attachment D) <br /> Approved: <br /> Constance R. Kiriu <br /> Legislative Auditor <br /> <br />