Guilford County
File #: 2016-175    Version: 1 Name:
Type: Miscellaneous Status: Passed
File created: 4/19/2016 In control: Board of Commissioners
On agenda: 4/21/2016 Final action:
Title: RECEIVE BUDGET AMENDMENT REPORT FOR BUDGET AMENDMENTS PROCESSED FOR BOND REFUNDING (GO BONDS SERIES 2016A)
Sponsors: Budget, County Manager Michael Halford
Attachments: 1. Budget Amends Report May 5 2016 (Debt Refund).pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TITLE

Title

RECEIVE BUDGET AMENDMENT REPORT FOR BUDGET AMENDMENTS PROCESSED FOR BOND REFUNDING (GO BONDS SERIES 2016A)

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SPONSOR

Sponsor

Michael Halford

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BACKGROUND

Background

On March 17, 2016, the Board of Commissioners adopted an authorizing resolution for issuance of refunding bonds and approved all required appropriations and proceeds for the refunding of General Obligation (GO) Bonds not to exceed $105,000,000 and to be designated as Series 2016A with actual bond amounts to be reported to the Board at the next meeting following closing of the bond sale.  The Finance Department completed sale of the bonds as of April 28, 2016 and the FY2015-16 budget has been amended to reflect the actual costs.

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BUDGET IMPACT

Budget Impact

NO ADDITIONAL COUNTY FUNDS REQUIRED

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REQUESTED ACTION

Requested Action

Receive budget amendment report for budget amendments processed as required for the sale of Series 2016A General Obligation Bonds in accordance with Board adoption on March 17, 2016 of an authorizing resolution for issuance of refunding bonds and approval of all required appropriations and proceeds.

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