Mission Statement
The purpose of the Debt Review Committee is to review all debt proposals which anticipate that repayment will occur beyond one fiscal year, and to make recommendations regarding the proposed debt to the County Mayor and the County Council prior to the debt obligation being incurred. The Committee may also review operating revenue and expenditure projections, as well as other financial information deemed necessary in evaluating debt proposals for capital projects. Debt Review Ordinance
Please send your agenda items to the committee chair.
Regular meetings of the Debt Review Committee are generally held on the last Wednesday of each month at 2:00 pm in the Council conference room. Additional meetings will be scheduled as needed.
The next meeting is scheduled for:
Wednesday, January 27, 2020
**Meeting attendance is currently by phone/online only, due to COVID restrictions. Call (385) 468-7200 for info to join next meeting.**
Membership Definition per Ordinance:
The committee shall be composed of seven members consisting of the mayor or mayor's designee, the mayor's chief financial officer, two individuals from the council office chosen by the council, the county auditor or designee, the county treasurer or designee, the district attorney or designee. The chair of the committee shall be rotated annually among the members representing the county auditor, district attorney and county treasurer. The county's financial advisor shall serve as a non-voting, ex-officio member of the committee.
Current Members
Chris Harding, Member
Auditor’s Office
385-468-7185 / Email
Darrin Casper, Member
Mayor’s Office
385-468-7075 / Email
Wayne Cushing, Chair
Treasurer’s Office
385-468-8305 / Email
David Delquadro, Member
Council Representative
385-468-7461 / Email
Javaid Majid, Member
Mayor’s Office
385-468-7079 / Email
Jon Bronson
Ex-officio Member
801-844-7375 /Email
The chair of the committee shall be rotated annually among the members representing the county auditor, district attorney and county treasurer. The county’s financial advisor shall serve as a non-voting, ex-officio member of the committee. (Ord. 1527 § 1 (part), 2004) The table below shows the proposed rotation schedule for the next few years.
- 2022 Treasurer
- 2023 Auditor
- 2024 District Attorney
- 2025 Treasurer
It is the policy of the County to charge an application fee to defray some or all of actual costs incurred in conjunction with the conduit-type financing. Since the County is not required by law or policy to authorize such financings, and since such bond issues can consume a great deal of time which would otherwise be allocated to County programs and services paid primarily by County tax-paying citizens, the County has determined it is appropriate for those seeking to benefit from issuance of tax-exempt financing with Salt Lake County as the issuer to be responsible for an appropriate fee to defray certain relevant costs. For fee amount information, please see the DRC policies section 2.97.070, "Fees imposed."