Our Finance Department is responsible for the city’s budget, financial policies, fees, Capital Improvement Program (CIP), Comprehensive Annual Financial Report, vendor management and more.
We periodically issue general obligation bonds to finance capital projects approved in the CIP. When issuing these bonds, we apply for credit ratings from two rating agencies: Moody’s Investors Service and Standard & Poor’s Ratings Services. The ratings provided by these agencies are their opinions of the city’s overall capacity to pay its financial obligations as they come due.
We are proud to say our current general obligation bond credit ratings are: