Goal 4: Financial Sustainability
To meet the short and long-term financial needs of the City of St. Cloud.
Objective 1: Ensure flexibility to effectively respond to changing economic, social, environmental, and/or political conditions and circumstances.
Sum of all taxes, fees, and charges collected by the City as a percentage of aggregate personal income.
This indicator shows if the funds are spending in line with the revenue they receive (spending includes expenditures plus debt service).
General governmental activities usually do not have a lot of control over their primary sources of revenues. The government should limit programs and services in order to balance their budget in the long term.
Objective 2: Manage public funds efficiently to provide infrastructure and public service needs.
This report indicates how much of the government's revenues, general funds, are being used to make debt payments.
This report indicates how much of the government's business revenues, enterprise funds, are being used to make debt payments.
Objective 3: Enhance financial performance and public confidence through transparency, accountability, and consistency.
Fund Balance Sufficiency indicates how many days the government can continue to operate without any revenue based on the amount of money left in fund balance.
Indicator of any findings in the yearly audits performed on the city's finances.
Bond Ratings is a grade given to a bond by a rating service that indicates its credit quality. The Bond Ratings take into consideration the bond's issuer's financial strenght and ability to pay back bond's principal and interest in a timely fashion.
The City of St. Cloud holds a Bond Rating of Aa3