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City of Burleson

Debt Management Policy
July 10, 2023

Purpose

The purpose of this policy is to establish parameters and provide guidance

governing the issuance, management, continuous evaluation of and reporting on
all debt obligations issued by the City, and to provide for the preparation and
implementation necessary to ensure compliance and conformity with this policy.

A debt management policy:

 Enhances the quality of decisions by providing transparency of the process

 Promotes consistency and continuity in decision making
 Contributes to fiscal sustainability
 Identifies objectives for staff to implement
 Demonstrates a commitment to longer term financial planning objectives

 Improves rating agencies review process

Policy Statement

Under the governance and guidance of Federal and State laws and the City’s
Charter, ordinances and resolutions may periodically enter into debt obligations
to finance the construction or acquisition of infrastructure and other assets; or to
refinance existing debt for the purpose of meeting its governmental obligations to

its residents. It is the City’s objective to ensure that such debt obligations are
issued and administered in such fashion as to obtain the best long term financial
advantage to the City and its residents, while making every effort to maintain and
improve the City’s bond ratings.

General Debt Governing Policies

The City establishes the following policies on the issuance and management of
debt:

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