Finance

Access city financial information including financial reports and our check register.

Maintain AAA Bond Ratings

Why We Measure This Goal

Bond ratings are a major component in the city's ability to borrow funds. The higher the rating, the stronger an organization's ability to pay back debt and the lower their interest rates. The rating encompasses several factors of the city including, but not limited to, the city's economic health, the stability of its tax base, fiscal policies, capital reserve funds. By maintaining the highest bond rating available, AAA, the city shows itself being in excellent financial health.
Generally, an organization can be rated from AAA, the highest, to C, the lowest. Ratings can also be modified using a + or - marker. The given rating encompasses several factors of the city including, but not limited to, the city's economic health, the stability of its tax base, fiscal policies, and capital reserve funds. Providing the ratings are three ratings agency's that exist: Moody's Corporation, Standard & Poor's Rating Service, and Fitch Ratings. The City of Plano annually receives ratings from two out of the three agency's any given year. The City uses bonds in order to finance a number of projects.

Long-Term Debt: Water & Sewer and Drainage Revenue Bonds


Long-Term Debt: General Obligation Bonds, Certificates of Obligation, and Tax Anticipation Notes


Maintain Minimum 30 Day Fund Balance

Why We Measure This Goal

The City Council has adopted a financial standard to maintain a general fund minimum fund balance of 30 days working capital. This allows the city, during times of economic downturn or from natural disasters, to have cash on hand to make necessary purchases. To note, this measure specifically looks at the unassigned fund balance, funds that are not restricted or dedicated to any other purpose.
Whether or not the City has achieved this goal is decided at the end of the fiscal year. This is due to the nature of City's revenues and expenditures. As funds are continually garnered and used by the City, the total level of funds can only be estimated. That said, the City of Plano does produce monthly and quarterly financial reports that allow you to see its progress throughout the year

Unassigned General Fund Balance (Millions)

The above chart shows the annual amount of unassigned funds used to calculate the fund balance. The amount necessary to maintain 30 days of working capital changes every year due to fluctuating revenues and expenditures.

Helpful Links

Plano Bond Reports - Collection of Bond Reports dating back to 2017
City of Plano Financial Reports - Several City financial documents from the past few years
2019 Popular Annual Finance Report - A summary of the Comprehensive Annual Finance Report