City of Arlington Debt Management Program and Policy Targets

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City of Arlington Debt Management Programand
Policy Targets

• Chuck Springer
• Treasury Manager

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Types of Debt Instruments

• Permanent Improvement Bonds
• Voter Authorized
• Repaid by Property Tax Pledge
• Certificates of Obligation
• No Voter Authorized Required
• Repaid by Property Tax Pledge and Secondary
  Revenue Pledge

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Types of Debt Instruments

• Revenue Bonds
• No Voter Authorization Required
• Strictly a Revenue Pledge
• Example Water and Wastewater Revenue Bonds

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Outstanding City Debt as of September 30,
2001(in millions)

• Permanent Improvement Bonds - 256.425
• Certificates of Obligation - 46.165
• Total Property Tax Supported - 302.590
• Revenue Bonds (WWW) - 90.955

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Tax Rate Components

• Maintenance and Operations - 0.3429
• Debt Service - 0.2911
• Total Tax Rate - 0.6340
• Total Debt Service Payments for FY 2001-02 are
  43,506,588.

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City Financial Policy Debt Ratio Target Goals

• Net Debt as a Percent of Assessed Value 2.0
• Net Debt Per Capita - 850.00
• Ratio of Debt Service Expenditures to Total Debt
  Service and General Fund Expenditures 20.0
• Reach in Five Years FY 2005-06

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Projected Issuance to Meet Debt Ratio Targets (in
millions)

• 2003 - 26.930
• 2004 - 27.000
• 2005 - 27.000
• 2006 - 27.000
• 2007 - 30.000
• 2008 - 30.000
• Subtotal- 167.930
• Less Current Auth. ( 45.635)
• Target 122.295