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Financial advisers tell Caswell County it has capacity to fund capital after near-term debts retire
Summary
Davenport & Company told the county the general fund and debt profile position Caswell County to adopt a multiyear capital improvement plan; advisers recommended dedicated revenue streams for school capital and showed hypothetical financing capacity under several scenarios.
Davenport & Company, the county—s financial adviser, presented an analysis arguing Caswell County is in a relatively strong fiscal position to adopt a multiyear capital improvement plan if it identifies sustainable revenue sources.
Adviser summary: The presentation, led by Davenport representatives (including Ty), reviewed the county—s general fund performance, fund balance ratios and existing debt service. Davenport noted Caswell—s unassigned fund balance has grown substantially in recent years and that the…
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