R-002-17 Adopting the City of Colton Debt Policy and Procedures

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Table of Contents GENERAL POLICY GUIDELINES ............................................................................................... 3 INTRODUCTION ........................................................................................................................ 3 LONG RANGE FINANCIAL PLANNING ................................................................................ 3 DEBT LIMITS ............................................................................................................................. 4 DEBT STRUCTURE ................................................................................................................... 5 CREDIT OBJECTIVES ............................................................................................................... 5 REFUNDING DEBT ................................................................................................................... 5 METHOD OF DEBT OFFERING ............................................................................................... 6 TYPES OF DEBT FINANCING ..................................................................................................... 7 GENERAL OBLIGATION BONDS ........................................................................................... 7 MUNICIPAL NOTES .................................................................................................................. 7 REVENUE BONDS ..................................................................................................................... 7 REDEVELOPMENT AGENCY DEBT ...................................................................................... 8 INTERFUND LOANS ................................................................................................................. 8 LAND-SECURED BONDS ......................................................................................................... 8 COMPLIANCE ................................................................................................................................ 9 INVESTMENT OF PROCEEDS ................................................................................................. 9 ARBITRAGE REBATE ............................................................................................................... 9 DISCLOSURE REQUIREMENT ................................................................................................ 9 POST-ISSUANCE COMPLIANCE .......................................................................................... 10 INTERNAL CONTROL PROCEDURES ................................................................................. 10 EXISTING RESOLUTIONS AND/OR ORDINANCES .............................................................. 12 APPENDIX A ................................................................................................................................ 13 GLOSSARY OF TERMS .......................................................................................................... 13 APPENDIX B ................................................................................................................................. 18 RESOLUTION NO. 02-17 ......................................................................................................... 18