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Experience
Dunlap & Associates, Inc.s experience encompasses public
offerings and bank loans on highly complex transactions, including
cities, counties, CRAs, pooled financings, utilities and
higher and secondary education for a wide range of clients.

Footnotes:
(1) Borrowers under Florida Intergovernmental
Finance Commission include 12 highly rated issuers:
| Aventura |
Vero Beach |
| Coral Springs |
West Palm Beach |
| Daytona Beach |
Winter Park |
| Fort Lauderdale |
Escambia County |
| Miami |
Leon County |
| Naples |
Pasco County |
(2) A joint action agency comprised of 31 municipal electric
systems.
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