Response says
Disagrees with the scale of interest savings; claims more than $5.6 million from FY2017–18 through FY2025–26 prepayment.
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Public discussion · Finding F20
By prepaying the full annual amortization amount at the beginning of the fiscal year, the County has saved hundreds of thousands of dollars in interest over the past decade.
What should residents consider about Finding F20: By prepaying the full annual amortization amount at the beginning of the fiscal year, the County has saved hundreds of thousands of dollars in interest over the past decade., and the County’s response?
Nevada County Board of SupervisorsAudit assessment: Addressed
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What the response says and how it was assessed
Audit analysis
The paragraph identifies the disputed scale, time period, payment mechanism and CalPERS actuarial-report basis. The savings amount is attributed to the Board rather than verified independently.
Finding-response score
Document completeness and usefulness—not factual verification or a legal conclusion.
4/4
Statutory elements
- Stated position
- 2/2
- Applicable disagreement elements
- 2/2
6/6
Public usefulness
- Coverage
- 2/2
- Reason specificity
- 2/2
- Support traceability
- 2/2
The paragraph identifies the disputed scale, time period, payment mechanism and CalPERS actuarial-report basis. The savings amount is attributed to the Board rather than verified independently.
Scoring confidence: high
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Review the underlying documents
Public participation
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