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032 <br />LEE COUNTY <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />J <br />ITEM ABSTRACT <br />ITEM NO. III. A. <br />XX Information <br />Meeting Date: February 18. 2008 Action Item <br />Consent Agenda <br />SUBJECT: 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 />SUMMARY: Based on questions from Commissioners and members of the <br />Finance Committee, staff asked Davenport & Company to develop a <br />report that shows the effects of the '/-cent 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. This report will first be presented at the Finance <br />Committee meeting at 2:00 pm. <br />BUDGETIMPACT: See Report <br />ATTACHMENT(S): Preliminary Capital Funding Analysis Prepared by Davenport & <br />Company (in back of the agenda package). <br />PUBLIC HEARING: N/A <br />PRIOR BOARD ACTION: This information is a continuation of the '/4-cent sales tax discussion <br />by the Board <br />RECOMMENDATION: Accept report from Davenport & Company. <br />F.; <br />ct w <br />