As we start our Debt Management Plan, we must determine where we can find the appropriate data to help us understand our current financial position and assist in our debt policies considerations and Debt Management Plan in general.

Debt generally always purchases assets. Therefore, a county should understand what assets they have acquired, where they are in service, and if they are being maintained. It also is important to know what assets are currently being paid with debt and what assets are in use and may have no debt outstanding. We must further understand that valued booked on the accounting statements will not reflect current value or replacement cost of the assets.