Item 3B1City of Southlake
Debt Management
Strategy
Presentation Outline
• Funding of City
debt;
• City’s debt
obligations;
• City’s debt
management
strategies;
FY 2012
Annual Debt
Service
$21,348,272
What funding sources are used?
PROPERTY
TAX
29%
SELF
SUPPORTING
71%
FY 2012 TOTAL DEBT SERVICE
Property Tax Bill for
Average Southlake Home
$645.89
$1,649.51
$10,158.06
City‐Debt City‐General Other Taxing Entities
Tax Supported Obligations
Self-Supported Debt
CCPD
Bonds
SPDC Bonds
Utility
Fund
Bonds
Crime Control
Prevention District
Southlake Parks Development
Corporation
Tax Increment
Reinvestment Zone #1
Utility Fund Projects
Ratings: Fitch and Standard & Poor’s
AAA
Questions?