Standard & Poor’s Global Ratings has given Barry County a AA bond rating, the third highest rating available, County Administrator Michael Brown said Tuesday.

After review of the county’s outstanding bonds, S&P said Barry County earned the AA rating by showing a strong economy with access to a broad and diverse metropolitan area; strong budgetary performance with balanced operating results and an operating surplus; very strong budgetary flexibility with a high available fund balance; very strong liquidity and a strong institutional framework score.

 

“Barry County’s strong rating means lower interest ratings and significant savings for taxpayers today and in the future,” Commissioner Ben Geiger, commission chairman said. “But, beyond reaffirming our financial strength, this rating shows this county government is on the right track, and has a deep respect for its taxpayers.”

 

In its report, S&P said the county’s financial position and performance were stable and steady, and reflects its belief that the county will keep its favorable reserve levels.

“Given management’s historical budget performance and forward looking planning, we do not expect to change the rating during the two-year outlook horizon.”

 

After hearing the Barry County Road Commission’s annual report by Managing Director Brad Lamberg, the commission approved:

* the annual implementation plan for CareWell Services Southwest (formerly Region 3-B Area on Aging)

* the annual audit report prepared by Rehmann Robson

* sending a letter meeting a National Government Services mandate revalidating Thornapple Manor’s Medicare enrollment required to continue serving Medicare patients.

* Brown issuing requests for proposals for medical examiner services.