TREASURY/PENSIONS

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 Chief Financial Officer or Treasurer.