Treasury Management
This program is responsible
for cash management and investment of funds.
It is also includes the daily transferring
and settling of depository funds, investing
excess funds and reporting investments in
accordance with the Texas Public Funds
Investment Act and the City Investment
Policy. It also includes maintaining working
relationships with the City's depository
bank, authorized broker/dealers, and the
City's safekeeping agent.
Bond Ratings
The city's financial
condition and outlook has been reviewed by
two internationally recognized rating
agencies. The City's General Obligation
Bonds carry a rating of “A” from Standard
and Poor’s and an “A2” rating from Moody’s
Investor Services. The significance of these
ratings can be determined by contacting the
corresponding rating company. Ratings are
used in the municipal bond market to help
investors understand the credit worthiness
of the agency that is responsible for paying
the bonds.
|
