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Ratio of debt service to total General Fund expendituresGoal 5: A Well-Managed and Responsive Organization |
Description |
The City has a policy in which debt service expenditures will not exceed 8% of the total General Fund expenses. Adhering to this policy is an important indicator which helps the City to maintain it's AAA/Aaa Bond Rating.
Analysis |
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The chart illustrates that the City is adhering to it's policy and staying below the 8% limit. The Finance department constantly monitors the impact of financial and budget decisions that affect the debt ratio. Multi-year debt projections are prepared and reported to Council and City Management regularly.
Ratio of debt service to total GF expenditures |