In order to cover temporary cash flow shortfalls in certain operating funds, the County may issue short term Tax and Revenue Anticipation Notes ("TRANs").
TRANs are required to be paid-off prior to the end of the County's fiscal year, and usually have terms of six months or less.
Calendar Year
Series
Amount
Date of Sale
Interest Rate
Yield
2005
None Issued
--
--
--
--
2004
2004
$32,500,000
07/01/04
2.50%
1.35%
2003
2003
$40,000,000
07/01/03
1.50%
0.84%
2002
2002
$45,000,000
06/28/02
2.50%
1.42%
2001
2001
$77,000,000
06/28/01
3.50%
2.65%
Salt Lake County Government Center – 2001
South State Street Salt Lake City, UT 84190 – 801 468-3000