HomeMy WebLinkAbout[05] Debt Management Study - Monte Eastvold ,NILS
CM' of ST. JOSEPH Council Agenda Item 5
MEETING DATE: July 5, 2012
AGENDA ITEM: Debt Management Study Presentation - Monte Eastvold, Northland Securities
SUBMITTED BY: Finance
BOARD / COMMISSION /COMMITTEE RECOMMENDATION: None
PREVIOUS COUNCIL ACTION: None
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: Information Only
ATTACHMENTS: Request for Council Action — Debt Management Study
Northland Securities Debt Management Study
REQUESTED COUNCIL ACTION: None.
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