File #: 18-1022    Version: 1
Type: Report Status: Agenda Ready
File created: 11/28/2018 In control: Financial Advisory Board
On agenda: 11/28/2018 Final action:
Title: A Continued Discussion Regarding Debt and Reserve Policies
Attachments: 1. FAB working group follow-up questions (Excel file), 2. Interest rates on each series of debt service (from Excel), 3. Fund Balance Comparison Nov. 19 2018 (AAA), 4. Fund Balance Comparison Nov. 19 2018 (Aa1.AA+), 5. S&P - GO Criteria as of Sept 2013, 6. Moody's - GO Criteria as of January 2018
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FINANCIAL ADVISORY BOARD AGENDA ITEM

 

ACTION REQUESTED:
title

A Continued Discussion Regarding Debt and Reserve Policies

body

 

DEPARTMENT:                     Finance Department

 

SUBMITTED BY:                     Franco Bottalico, Budget Analyst

 

BOARD/COMMISSION REVIEW:
N/A

 

BACKGROUND:

At its November 15th special meeting, the FAB working group directed staff to compile additional information for review in order to form a recommendation on the City’s reserve and debt policies.  The list of questions and requested information is attached.

 

DISCUSSION:

Refer to the material from November 15th as well as the current attachments for guidance when forming a recommendation.