Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Pima County wastewater advisory committee forwards reserve‑use policy to supervisors; capital‑markets experts outline four pillars that support ratings
Summary
The Regional Wastewater Advisory Committee voted Dec. 18 to forward a draft Board of Supervisors policy codifying wastewater cash‑reserve targets and permitted uses. Finance staff and RBC Capital Markets presented a capital‑markets briefing stressing four financial 'pillars' — liquidity, debt coverage, pay‑as‑you‑go policy and defeasance — and discussed how those metrics affect credit ratings and rates for customers.
The Regional Wastewater Advisory Committee voted Dec. 18 to forward a draft Board of Supervisors policy that would formalize how the county manages wastewater cash reserves and when those reserves may be used.
In a presentation to the committee, county finance staff described the policy as a tool to codify practices around maintaining emergency liquidity, operating reserves and debt‑service reserves and to spell out a remediation plan if reserves are used. Mr. Quang presented the draft and answered members’ questions before the committee recommended it be sent to the Board of Supervisors for consideration.
Committee discussion focused in part on whether banked effluent credits — the county’s accumulated…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
