Page 114 - CityofBurlesonFY26Budget

City of Burleson
Debt Management Policy

June 16, 2025

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.
• Promote 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.

The City of Burleson recognizes that the foundation of any well-managed debt

program is a comprehensive debt management and post issuance policy outlining
the parameters for issuing new debt and managing the existing debt portfolio;
identifying the types and amounts of permissible debt; providing guidance to
decision makers regarding the purposes for which debt may be issued; and
verifying that the IRS regulations regarding post issuance compliance are met to
preserve the tax-exempt status of the City’s bonds.

Adherence to a debt management policy helps ensure that the City maintains the

current or an improved bond rating in order to minimize borrowing costs and
preserve access to credit.

Policy Statement

Under the governance and guidance of Federal and State laws and the City’s
Charter, ordinances, and resolutions the City may periodically enter into debt

obligations to finance the construction or acquisition of infrastructure and other

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