2017/03/08 Council Agenda Packet

SO ! 4.2.1. Debt Analysis • Debt capacity • Purpose for which debt is issued • Debt structure • Debt burden • Debt history and trends • Adequacy of debt and capital planning • Obsolescence of capital plant 4.2.2. Financial Analysis • Stability, diversity, and growth rates of revenue sources • Trends in assessed valuation and collections • Current budget trends • Historical revenue and expenditure trends • Fund balance status and trends in operating and debt funds • Cash flow projections 4.3. Debt service payments will be structured to match projected cash flows from targeted funding sources. 4.4. Premium or discount bonds may be issued based on capital market demand and project funding requirements. 4.5. When appropriate, the City will finance capital projects with self-supporting revenue bonds to most closely match those paying for a project with those who benefit. 4.6. Bonds will be sold on a competitive basis unless factors relating to the sale or current market conditions indicate that it is in the best interest of the City to conduct a negotiated sale. . 4.7. Credit enhancements shall be considered with a cost/benefit analysis for each long- term bond issue. 4.8. Bond proceeds will be invested according to Arbitrage and Tax Certifications and City Investment Policy. 4.9. The City shall maintain compliance with arbitrage rebate requirements in accordance with the Internal Revenue Service(IRS) Code and City Ordinance#1358-87. 4.10. Reserve accounts shall be maintained as required by bond ordinances and where deemed advisable. Reserves shall be structured such that they do not violate IRS regulations. 4.11. The City may use the services of qualified internal staff and outside advisors to assist in the analysis, evaluation, and decision process, including bond counsel and financial advisors. 3IPage 4