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

Meeting Calendar and Agendas

View Calendar, Agendas and Minutes

Meetings

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2026

Feb. 6, 2026

1 p.m.

1 p.m.

Caucus Room

Debt Management Commission

Agenda Minutes

Additional Meeting Resources:

2025-01-17 W.pdf

Jan. 17, 2025

1 p.m.

1 p.m.

Washoe County Assessor's Office, Wilson Conference Room

Washoe County Debt Management Commission

Agenda Minutes

Additional Meeting Resources:

5_2023-08-18 Minutes Pending Approval.pdf

Agenda Minutes

Additional Meeting Resources:

4_2021-11-12 DMC Minutes - Pending Approval.pdf

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2021

Nov. 12, 2021

11 a.m.

Caucus Room

Agenda Minutes

Additional Meeting Resources:

Aug. 20, 2021

11 a.m.

Caucus Room