Page 84 - Hurst FY20 Approved Budget

Financial Policy Guidelines continued

2. The City will maintain good communications with bond rating agencies regarding its financial condition.
The City’s present ratings are (Moody’s) Aa2 and (Standard & Poors) AA.

3. An analysis will be prepared for each long term financing activity that shows the impact on current and
future budgets for debt service and General Fund Operations.

4. Debt capacity will be calculated annually. New debt will be issued only when sufficient capacity exists
under existing tax rates or when voters or the City Council approve an increase in the tax rate to service
new debt.

This policy and planned debt issuances will continue to be addressed in the City Council’s annual Strategic
Planning meeting held in March each year.

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