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Financial advisers present $524M CIP roadmap; county projects strong reserves and AAA ratings
Summary
Davenport & Company and County Finance Director Chad McClam briefed the board on long‑range capital planning and mid‑year finances: AAA ratings, strong fund balance (~60% currently), a living CIP of roughly $524M in planned projects over five years, and projected FY25–26 revenues above budget.
Davenport & Company and county finance staff presented a financial briefing and draft capital improvement program (CIP) Jan. 20 that outlined the county’s fiscal position and near‑term capital projects.
Davenport adviser Kyle Locks reviewed the county’s AAA credit ratings, a trend of revenues exceeding expenditures over recent years, and a strong fund balance that the county has used strategically for capital planning and to preserve favorable borrowing terms. Locks said the county’s fund balance percentage is “way above” the board’s policy…
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