Press Releases

County "Wows" Big Apple With Financial Presentations

County Executive Office - Press Release

COUNTY OF ORANGE

County Executive Office
  FOR IMMEDIATE RELEASE
June 25, 1998
Contact: Diane Thomas
(714) 834-6203

County "Wows" Big Apple With Financial Presentations

SANTA ANA - Visits to key members of the New York finance community and a prime spot on the agenda of a national investors conference by County of Orange officials won rave reviews from their audiences.

Board of Supervisors Chairman James W. Silva and Vice Chairman Tom Wilson accompanied by CEO staff were in New York last week to meet with rating agencies, insurers and bond investors to update them on the County’s five-year strategic financial plan and progress in the County’s recovery.

CEO Jan Mittermeier and CFO Gary Burton were also invited speakers at The Bond Buyer’s national investor forum on June 15. The Bond Buyer is a leading national newspaper focused on the bond market.

"It’s important for key players to reach out in this way to the investor community," said Kate McDonough, managing director of public finance for AMBAC Indemnity. "The investors’ ability to have confidence in the County is based not only on track record, but also on the ability to meet and talk with those in leadership roles. Everyone I talked to who had seen Orange County’s presentation said ‘Wow.’ The County has a great story to tell."

Other conference presenters included the cities of New York and Washington D.C. and the states of Florida, New Jersey and Connecticut.

"The County has a tremendous success story to tell," said Silva. "We emerged from the bankruptcy even stronger than before. We’ve restructured, organized the County’s mission into department business plans, developed a long-range financial plan, and now we’re developing performance measures and pay for performance. We received very positive feedback from everyone we met with. I was very proud to be from Orange County."