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Attachment B <br />Operating revenues in 2015 are -6.8% lower than 2011 levels while operating <br />expenditures are up 11.0%. It appears that while revenues have declined, <br />transfers into the General Fund, primarily from the Enterprise Fund have <br />somewhat subsidized the lower revenue levels. If the City were to increase the <br />net result of the General Fund to 2011 levels, or approximately $900,000, this <br />would change ing score from 1.40 to 1.20, <br />An increase in operating revenues and/or a decrease in net direct debt <br />mentioned earlier, the City has a fairly aggressive debt repayment schedule, <br />with 75% of outstanding debt paid in the next 10 years. This will positively <br />impact future credit ratings. <br />Please note the graph above is only an ILLUSTRATION of the S&P Global <br />Ratings rating criteria. It is not a credit evaluation performed by S& P Global <br />Ratings and cannot be used as such. As discussed, there are several subjective <br />adjustments that can be made by the agency and each individual performing the <br />rating review. <br /> <br />