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2008.11.24 EDA Packet
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2008.11.24 EDA Packet
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Last modified
9/1/2017 10:42:01 AM
Creation date
8/24/2017 12:32:09 PM
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Commissions
Meeting Date
11/24/2008
Document Type
Agenda/Packets
Commission Name
EDA
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The Current & Future Economic World <br /> • Economic challenges <br /> — Property Valuation&tax collection <br /> — Foreclosures <br /> — Permit& Development fees and charges revenue <br /> — Continuing Cost pressures <br /> — State support and/or Mandated services <br /> • Rating Agency changes in Public Finance views <br /> — Implementation of Global Rating Scale <br /> — Reduced public confidence in Rating Agencies <br /> Public Sector Advisors Springsted <br /> Managing Credit Rating Relationships <br /> • Rating Agency Changes in Public Finance Views <br /> — Increasing frequency of review <br /> • Surveillance fee(Hospitals,Higher Ed,Public Utilities,Cities,etc next?) <br /> • Increasing standards(Financial Management grading,derivatives exposure, <br /> etc.) <br /> • Effect of outside standards(Sarbanes-Oxley) <br /> — Not required for Government Bodies...yet <br /> — SOX is"Best Practice"in Corporate world <br /> • Creeping adoption may be required/expected for Government entities <br /> Public Sector Advisors .i Springsted <br />
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