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LEE COUNITY <br />Committed Today for a Berner Tomorrow <br />LEE COUNTY FINANCE COMMITTEE <br />ITEM ABSTRACT ITEM NO: I. A. <br />Meeting Date: February 18, 2008 <br />X Information' <br />_ Action Item <br />Consent Agenda <br />SUBJECT: County Revenue Options - Davenport & Company Financial Report <br />DEPARTMENT: Finance <br />CONTACT PERSON: Lisa Minter, Ted Cole, Bob High <br />REQUEST: Review Financial Report from Davenport & Company <br />19 SUMMARY: Based on questions fommissioners and members of the <br />Finance Committee, staff asked Davenport & Company to develop a <br />report that shows the effects of the '/4 percent sales tax on the Lee <br />County's ability to borrow money for future capital projects. The <br />report takes many issues into consideration such as Lottery and <br />ADM revenues, property tax increases and decreases, and what <br />future borrowing capacity the County may have with the sales tax <br />revenue. <br />ATTACHMENT(S): Preliminary Capital Funding Analysis prepared by Davenport & <br />Company (see Board of Commissioners' agenda package) <br />BUDGET IMPACT: See Report <br />PUBLIC HEARING: N/A <br />PRIOR COMMITTEE <br />ACTION: None <br />RECOMMENDATION: Accept report form Davenport & Company <br />