Ratio of debt service to total General Fund expenditures

Goal 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

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
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Chart

Long description.

No description available.

Structure.

Chart type: line chart.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values.

Chart graphic.

ChartCreated with Highcharts 5.0.12Policy ThresholdActualChart context menuFY 2012FY 2013FY 2014FY 2015FY 2016FY 2017FY 2018