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Council reviews draft debt-management policy ahead of budget adoption
Cache County Council · October 11, 2024
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Summary
County staff presented a draft debt-management policy that follows Utah Code and GFOA guidance, defines permissible types of debt, and clarifies interfund advances and the 90-day/12-month distinctions for short-term loans.
Wes presented a debt-management policy draft intended to accompany the county budget and asked council members for feedback ahead of adoption.
Wes said the policy "follows Utah code" (titles 11 and 17) and is designed to limit debt issuance to appropriate capital and infrastructure uses rather than ongoing…
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