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Finance
Department
Debt Management
The
City's policy is to be prudent, cost efficient and to reasonably
protect future generations. The City employs a corporate styled approach to blending short,
intermediate and long-term debt and, where possible, to incorporate 5,
10, 15 and 20-year term amortization to realize cost savings and
maintain future flexibility.
The City Debt Policy (Debt
Policy) focuses on maintaining a strong bond rating, operates an internal bank, maintains a reasonable debt ratio, and
limits the City's variable rate exposure by employing derivative products.
The City's Bond Disclosure Supplement (Bond
Disclosure) updates each program's original offering disclosure as
of the financial statement date (September 30) and is designed to be
reviewed in conjunction with the (CAFR).
Questions
regarding various debt programs (not addressed in the Supplement) should
be addressed to the CFO or Treasurer.
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