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
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
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 Chief
Financial Officer or Treasurer.