SECTION 1-INTRODUCTION-completed TC.pdf | 7 |
Reader's Guide-Council Only 2015.pdf | 10 |
SECTION 4-BUDGET POLICIES-completed TC.pdf | 59 |
Desoto Texas Debt Policy - Final 4-07-15.pdf | 59 |
PART I - DEBT MANAGEMENT | 59 |
1.0 POLICY | 59 |
2.0 SCOPE AND APPLICATION | 59 |
3.0 OBJECTIVES | 60 |
d. bonds will be paid back within a period not to exceed, and preferably sooner than, the expected useful life of the capital project; | 60 |
e. decisions will be made based on a number of factors and will be evaluated against long-term goals rather than a short-term fix; | 60 |
f. debt service funds will be managed and invested in accordance with all federal, state and local laws; | 60 |
g. the City will maintain cost-effective access to the capital markets through prudent policies; | 60 |
h. maintain moderate debt and debt service payments with effective planning and coordination with City departments; | 60 |
i. meet significant capital demands through debt financing and alternate financing mechanisms such as public/private partnerships, and | 60 |
j. achieve the highest possible credit ratings within the context of the City’s capital needs and financing capabilities. | 60 |
4.0 RECOMMENDATION RESPONSIBILITY | 60 |
4.1 Primary Responsibility | 60 |
4.2 Recommendation Considerations | 60 |
5.0 DEBT STRUCTURE PRACTICES | 61 |
5.1. Standard Terms | 61 |
5.2. Fixed Interest versus Variable Interest | 62 |
5.3. Summary | 62 |
6.0 FINANCING ALTERNATIVES | 62 |
6.1 General obligations bonds (“GOB”) – Utilized for strategic initiatives, unique projects and capital programs that will impact the debt service tax rate. | 62 |
General obligations bonds (“GOB”) will be used if the following criteria are met: | 62 |
6.2 Certificates of Obligation – For Essential Nonimpact capital projects | 63 |
6.3 Certificates of Obligations – Enterprise Funds | 64 |
6.4 Revenue Bonds | 64 |
6.5 Other Debt Obligations | 64 |
7.0 CREDIT ENHANCEMENTS | 64 |
8.0 DEBT APPROVAL PROCEDURES | 64 |
8.1. Approval by the City Manager | 64 |
8.2. Review By Audit & Finance Committee (AFC) | 65 |
9.0 DEBT LIMITATIONS | 65 |
10.0 MATURITY LEVELS | 65 |
11.0 METHODS OF SALE | 65 |
11.1. Competitive Sale | 65 |
11.2. Negotiated Sale | 66 |
11.3. Private Placement | 66 |
12.0 PERMITTED INVESTMENTS | 66 |
13.0 REFUNDING OF DEBT | 66 |
14.0 DEBT SERVICE TAX RATE | 66 |
15.0 PROFESSIONAL ASSISTANCE | 66 |
15.1. Bond Counsel | 66 |
15.2. Financial Advisor (FA) | 67 |
15.3. External Auditors | 67 |
15.4. Underwriters | 67 |
15.5. Trustees and Paying Agents | 67 |
15.6. Rebate Consultant | 67 |
PART II-ONGOING DEBT ADMINISTRATION | 68 |
16.0 RATINGS | 68 |
17.0 SECONDARY MARKET DISCLOSURE | 68 |
18.0 ARBITRAGE LIABILITY MANAGEMENT | 69 |
18.1. Arbitrage Rebate Responsibility | 69 |
18.2. Two Year Spend-out Option | 69 |
19.0 INTERNAL INTERIM FINANCING | 70 |
20.0 DEBT MANAGEMENT POLICY REVIEW | 70 |
DESCRIPTIONS of DEBT OBLIGATIONS/ALTERNATIVES | 71 |
SECTION 5- FINANCIAL ANALYSIS-completed NW.pdf | 78 |
FINANCIAL | 78 |
[Intentionally Left Blank] | 78 |
FUND STRUCTURE | 79 |
1. General Fund: | 79 |
2. Special Revenue Funds: | 79 |
3. Debt Service Funds: | 79 |
4. Capital Project Funds: | 79 |
5. Enterprise Funds: | 79 |
6. Internal Service Fund: | 79 |
SECTION 6-GENERAL FUND-completed NW.pdf | 143 |
City Secretary.pdf | 143 |
City Secretary | 143 |
City Records.pdf | 144 |
Records | 144 |
City Manager's Office2.pdf | 147 |
City Manager's Office | 147 |
Enviornmental Health - Performance Measure.pdf | 149 |
Env. Health | 149 |
Action Center.pdf | 150 |
Action Center | 150 |
FINANCIAL SERVICES-Performance Measures.pdf | 154 |
SupportTreasBudgContr | 154 |
Street Maintenance- Performance Meaaures.pdf | 161 |
Street Maint&EquipServ | 161 |
Facilities Management.pdf | 162 |
Facilities Management | 162 |
PARKS & RECREATION Performance Measures-Senior Center.pdf | 167 |
Senior Center | 167 |
PARKS & RECREATION Performance Measures-Recreation.pdf | 168 |
Recreation | 168 |
PARKS & RECREATION Performance Measures-Aquatic.pdf | 169 |
Aquatics | 169 |
Police Department - Performance Measures-Animal control.pdf | 173 |
Animal control | 173 |
Police Department - Performance Measures- Code Enforcement.pdf | 174 |
Code Enforce | 174 |
FIRE DEPARTMENT Fire1.pdf | 179 |
Fire Prev 1 | 179 |
FIRE DEPARTMENT Fire-.pdf | 178 |
Fire Admin | 178 |
FY 21 Library Performance Measures.pdf | 186 |
Library | 186 |
IT - Performance Measures.pdf | 190 |
IT | 190 |
IT - Performance Measures GIS.pdf | 191 |
GIS | 191 |
Human Resources-civil.pdf | 195 |
Civil Service | 195 |
SECTION 7-COOPERATIVE EFFORTS-completed TC.pdf | 210 |
SWRCC - Performance Measures.pdf | 210 |
SWRCC | 210 |
SECTION 9-PUBLIC UTILITY FUND-completed TC.pdf | 237 |
PUBLIC UTILITIES-Performance Measures_Field Operations.pdf | 237 |
Field Operations | 237 |
PUBLIC UTILITIES-Performance Measures_Admin.pdf | 235 |
PU Admin. | 235 |
PUBLIC UTILITIES-Performance Measures UB.pdf | 236 |
UB | 236 |
SECTION 13-DEBT SERVICE-completed TC.pdf | 270 |
DEBT.pdf | 270 |
GO | 270 |
CO | 292 |
DPDC SALES TAX | 306 |
SECTION 14-SPECIAL REV FUNDS-completed TC.pdf | 310-311 |
Spec Rev Org Final2.pdf | 310-311 |
Spec Rev Org Final.vsdx | 310-311 |
Page-1 | 310-311 |
Untitled | 3 |
Made with FlippingBook Annual report maker