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HomeMy WebLinkAbout[07] Debt Management StudyCITY OF s•r. Joshr" MEETING DATE: May 19, 2011 Council Agenda Item % AGENDA ITEM: Debt Management Study— Monte Eastvold, Northland Securities SUBMITTED BY: Finance BOARD /COMMISSION /COMMITTEE RECOMMENDATION: None PREVIOUS COUNCIL ACTION: Over the years the City has issued debt to pay for various infrastructure and equipment costs. The debt ranges from 5 to 20 years. BACKGROUND INFORMATION: Monte Eastvold, Financial Advisor from Northland Securities, presents an annual summary of the outstanding bonds at the close of the financial audit. The debt management study provides an analysis of the funds to project the revenue needs of each debt to maintain cash flow as required by Minnesota Statutes. The analysis also provides a review of the debts that may be candidates to refund for lower interest rates and /or shorten debt terms. Some debts may be called early based on current cash flows of the bond. BUDGET /FISCAL IMPACT: ATTACHMENTS: REQUESTED COUNCIL ACTION: None. Information Only Request for Council Action — Debt Management Study Northland Securities Debt Management Study THIS PAGE INTENTIONALLY LEFT BLANK 0 C O F O w Lil S C fA y O O � o O Q F � .. fr r ^. r r —1 Q N C^ x roc r Ol N- Q v1 N C- N- N- �: ^ �, r Y v C Q- P r x C- C .•vj � ,-T -- � � r `: v ✓ C1 d' - Q .."y - oC N N N r L'. M N N N - -- - ..r r. v '* P r, C x M C N 7 ?� N r, - r M ^. W% M 00 N M- P v� v1 v M N N of P V) N V— Gp V'� N M— Q M— Do M M N h -- — P N P v) r 1 N � V1 M ~' • V oc U � N M r• L r C C C C C G G G O p C C C p O C O O O O en r OMC y' 'OJ 000 000 N N N N M N N - G > Y 3 '.O ay. h O'.` P N OG C► h \:, V M— O P 00 ;a •� = vt M N- oG M- d@ M h N N N- v, M M, - a h to Q v G a P a P a v v @@@ v@@ c c fn M M M M M V1 h V1 e/•1 Vl V1 V) V1 M 1� C V1 .v.•. Q N c %0 N h P en N @@ 00 a en h �:. 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