{"content":[{"text":"Corporate Policy","bbox":{"left":0.561879,"top":0.073569,"width":0.3196709999999999,"height":0.036732}},{"text":"Debt Management Policy \n Approved by: Council Policy: 7-2 \n By-law: N/A Date Approved: April 23, 2020 \n Replaces: N/A Last Revision Date: April 23, 2020 \n Section: Finance Scheduled for Review by: June 2024","bbox":{"left":0.117686,"top":0.130249,"width":0.6885460000000001,"height":0.119277}},{"text":"Policy Statement \n A debt management policy sets out the parameters for issuing debt, manages the debt portfolio \n and provides guidance to staff and County Council. A debt management policy is beneficial as \n it assists in decisions, rationalizes the decision-making process, identifies objectives for staff to \n implement, and demonstrates a commitment to the objective of long-term financial planning. \n The debt management policy should achieve balance between establishing limits on the debt \n program and providing sufficient flexibility in response to unforeseen circumstances and new \n opportunities to preserve and improve the long term financial health of the County.","bbox":{"left":0.117686,"top":0.27226,"width":0.756531,"height":0.169699}},{"text":"Purpose \n The purpose of this policy is to: \n 1. Establish parameters regarding the purpose for which debt may be issued \n 2. Establish the timing, types and terms of permissible debt \n 3. Promote management of debt in a consistent manner \n 4. Assist with ensuring the County manages debt in a manner to limit financial risk \n exposure, minimize long-term costs of borrowing, protect the County’s credit quality and \n maintain long term financial flexibility \n 5. Promote integrations with other long term planning, financial and management \n objectives of the County","bbox":{"left":0.117686,"top":0.453965,"width":0.756032,"height":0.19407899999999995}},{"text":"Scope \n The policy applies to the issuance of all debt and resulting repayment terms, including capital \n lease financing arrangements entered into by the County. The policy applies to all County of \n Grey departments. \n Definitions \n Annual Repayment Limit (ARL) – The maximum amount of annual debt \n servicing costs that the County can undertake or guarantee without seeking \n the approval of the Ontario Municipal Board. \n The annual repayment limit is calculated based on data contained in the \n Financial Information Return, as submitted to the Ministry of Municipal Affairs","bbox":{"left":0.117686,"top":0.660051,"width":0.748105,"height":0.23823699999999992}},{"text":"Page 1","bbox":{"left":0.47165,"top":0.938652,"width":0.05728499999999992,"height":0.019152999999999976}},{"text":"Policy: 7-2","bbox":{"left":0.792516,"top":0.938721,"width":0.09003000000000005,"height":0.019194999999999962}}],"images_bbox":[{"left":0.120392,"top":0.765303,"width":0.037255,"height":0.017273},{"left":0.148627,"top":0.799545,"width":0.022745,"height":0.011515}],"images_bbox_not_text_overlap":[{"left":0.120392,"top":0.765303,"width":0.037255,"height":0.017273},{"left":0.148627,"top":0.799545,"width":0.022745,"height":0.011515}]}