Debt Management Commission
To find minutes or agendas for meetings, you may browse the minutes below, or use our search feature and Search Board Minutes Here.
A copy of the bylaws, approved by the Debt Management Commission on August 14, 2020, can be found here.
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The Washoe County Debt Management Commission plays a crucial role in overseeing the financial health and debt management practices of local government entities within Washoe County, Nevada. This commission is responsible for reviewing and approving debt issuance proposals by local entities, ensuring that these entities manage their indebtedness responsibly and within legal limits. The commission's oversight extends to the evaluation of debt management plans, which are essential for maintaining fiscal responsibility and transparency in public finance.
The commission is composed of representatives from various sectors, including one representative from the county, one from the school district, one from the city where the county seat is located, one representative from other incorporated cities jointly, and two representatives from the public at large. This diverse composition ensures that the commission's decisions reflect a broad range of interests and expertise, contributing to balanced and informed decision-making.
One of the primary functions of the Washoe County Debt Management Commission is to review proposals for issuing general obligation debt. According to Nevada Revised Statutes (NRS) 350.013, municipalities that propose to issue new debt or have outstanding debt must submit a written statement of their debt management policy to the commission by August 1 each year. This policy must include discussions on the municipality's ability to afford existing and future general obligation debt, its capacity to incur additional debt without exceeding legal limits, and the sources of money projected to be available to pay existing and future debt.
The commission meets regularly, typically in February and July, to review these submissions and other business matters related to debt management. During these meetings, the commission evaluates whether the proposed debt issuance aligns with the municipality's financial capacity and strategic objectives. This process involves assessing the municipality's current debt levels, projected revenues, and the potential impact of new debt on taxpayers.
In addition to reviewing debt proposals, the commission also plays a role in ensuring compliance with state laws governing public finance. For instance, the commission must ensure that any proposed debt issuance does not exceed the municipality's legal debt capacity, which is typically a percentage of the assessed valuation of all taxable property within the municipality's boundaries. This legal framework helps prevent municipalities from overextending their financial obligations, thereby protecting the fiscal health of the community.
The Washoe County Debt Management Commission's work is vital for maintaining fiscal discipline and transparency in local government finance. By scrutinizing debt proposals and management plans, the commission helps ensure that public funds are used effectively and that the financial obligations of local entities are sustainable over the long term. This oversight not only safeguards the financial stability of Washoe County but also builds public trust in the management of public resources.
Overall, the Washoe County Debt Management Commission serves as a critical check on the financial practices of local government entities, ensuring that debt is managed prudently and in accordance with legal and fiscal guidelines. Its role in reviewing and approving debt issuance proposals is essential for maintaining the financial integrity and sustainability of public services in Washoe County.
Authority
NRS 350.001
Meetings
Nov. 8, 2024
Caucus Room
This meeting has been canceled.
Additional Meeting Resources:
Aug. 16, 2024
Caucus Room
Annual Meeting
May 17, 2024
Caucus Room
Debt Management Commission Meeting
April 9, 2024
Caucus Room
Special Debt Management Commission Meeting
Feb. 16, 2024
Washoe County Assessor's Office, Wilson Conference Room
Washoe County Debt Management Commission
Nov. 17, 2023
Caucus Room
This meeting has been cancelled.
Additional Meeting Resources:
Aug. 18, 2023
Caucus Room
Annual Meeting
May 18, 2023
Caucus Room
This meeting has been cancelled.
Additional Meeting Resources:
April 14, 2023
Caucus Room
Debt Management Commission Special Meeting
Feb. 9, 2023
Technology Services
Debt Management Commission
Nov. 4, 2022
Caucus Room
This meeting has been cancelled.
Additional Meeting Resources:
Aug. 19, 2022
Caucus Room
Debt Management Commission Annual Meeting
June 17, 2022
Caucus Room
Debt Management Commission Quarterly Meeting
May 20, 2022
Caucus Room
This meeting has been cancelled.
Additional Meeting Resources:
March 11, 2022
Caucus Room
Debt Management Commission
Additional Meeting Resources:
- 4_2022-02-18 DMC Minutes - Pending Board Approval.pdf
- 5_City of Reno Proposal Letter 60M.pdf
- 5_City of Reno Bond Proposal 60M 2022.pdf
- 5_City of Reno Amendment 60M.pdf
- 5_DMC Approval Resolution - City of Reno, 4877-5601-9201_3.pdf
- 5_Revised_DMC Approval Resolution - City of Reno, 4877-5601-9201_3.pdf
Feb. 18, 2022
Caucus Room
Organizational Meeting
Nov. 12, 2021
Caucus Room
Aug. 20, 2021
Caucus Room
May 21, 2021
This meeting has been cancelled.
Feb. 19, 2021
Nov. 13, 2020
CANCELLED
Aug. 14, 2020
https://us02web.zoom.us/j/84186528227
May 15, 2020
CANCELLED
Feb. 15, 2019
Dec. 7, 2018
Notice of Cancellation
Aug. 17, 2018
Feb. 16, 2018
Nov. 17, 2017
Notice of Cancellation
Aug. 18, 2017
May 19, 2017
Notice of Cancellation
Feb. 17, 2017
Dec. 9, 2016
Notice of Special Meeting
Nov. 18, 2016
Notice of Cancellation
Feb. 12, 2016
Notice of Cancellation
Nov. 13, 2015
Notice of Cancellation
May 8, 2015
Notice of Cancellation
Feb. 6, 2015
Notice of Cancellation
Nov. 14, 2014
Cancelled
Feb. 7, 2014
Cancelled
Nov. 8, 2013
Cancelled
May 10, 2013
Cancelled
Nov. 9, 2012
Cancelled
May 11, 2012
Cancelled
Feb. 3, 2012
Cancelled
May 13, 2011
Cancelled
Nov. 12, 2010
Cancelled
May 14, 2010
Cancelled
Nov. 13, 2009
Cancelled
July 10, 2008
May 18, 2007
Cancelled
Jan. 1, 2002
Jan. 1, 2001
Jan. 1, 2000
Jan. 1, 1999
Jan. 1, 1998
Jan. 1, 1997
Jan. 1, 1996
Jan. 1, 1995