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Financial advisers tell Nash County its fund balance and low debt profile support $13M in planned FY26 capital borrowing
Summary
Davenport & Company reviewed Nash County’s fund balance, credit rating and debt ratios, concluding the county is well positioned to issue about $13 million in debt for FY26 capital projects while remaining within policy limits; advisers and staff discussed timing and affordability scenarios.
Davenport & Company financial adviser Mitch Bergoglio told the Nash County Board of Commissioners on April 16 that the county’s financial position supports planned capital funding for fiscal year 2026 and associated borrowing if the board chooses to proceed.
Bergoglio summarized the county’s credit factors and ratings: "The county has a very strong credit rating at double A2 from Moody's, double A from Standard and Poor's," and he emphasized that fund balance and managed debt levels are key levers…
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