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Finance Department

Bloomington has joined an elite few cities nationwide with three triple-A bond ratings from Standard and Poor's, Moody's and Fitch.

The Finance Department provides financial management for the City and Port Authority and support services to City departments. The department also oversees support services which account for the telephone, mail and print shop operations.

• City bond sales and ratings
• Finance services
• Financial policies
• Financial reports
• Local Sales Tax
• Other documents

Finance services

• Accounting
• Audit
• Purchasing/Contracting
• Risk Management
• Utility Billing

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Financial policies

• Conduit Debt Policy
• Financial Management Policies
• Investment Policy

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Financial reports

• Annual Budget Report (Fiscal 2012)
• Budget summary (Fiscal 2012)
• City budget and property taxes
• Comprehensive Annual Financial Report (Fiscal 2010)
• Corporate Report to the Community
• General Fund Monthly Report - March, 2012
• Year-End Preliminary Report (2010)
• Year-End Preliminary Report (2011)

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Other documents

• Community Investment Program (CIP)
• 2012 Fee Schedule (effective January 1, 2012) (85 KB, 20-page PDF)
  A schedule of fees and charges (excluding those established by ordinance).
• Vendor Application (42KB, 4-page PDF)
  All vendors must fill out an application to conduct business with the City. This form is also used if your company wants to automatically be added to the Bidder/Vendor List for specific commodities.

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City bond sales and ratings

2011 City Bond Sales

The City had three recent bond sales:

• $7,585,000 General Obligation Permanent Improvement Revolving Fund Bonds of 2011, Series 45;
• $2,180,000 General Obligation Permanent Improvement Revolving Fund Refunding Bonds, Series 2011A;
• $3,125,000 Taxable General Obligation Tax Increment Refunding Bonds, Series 2011B.

• Official Statement (2.39 MB, 113-page PDF)

2011 City Bond Ratings

The City's recent bond sales were rated by three credit rating agencies: Moody's Investors Service, Standard & Poors and Fitch. The City received the highest rating possible (Triple A) from all three agencies. Listed below are the rating agencies' reports.

• Moody's Investors Service 2011
• Standard & Poors 2011
• Fitch 2011

2010 City Bond Sales

The City had three recent bond sales. Listed below are the Official Statements for these issues.

• $6,235,000 Taxable General Obligation Permanent Improvement Revolving Fund Bonds of 2010, Series 44 (Build America Bonds) (127MB, 103-page PDF)
• $5,900,000 General Obligation Capital Improvement Plan Bonds, Series 2010A (1.27MB, 103 pages PDF)
• $2,240,000 Taxable General Obligation Pension Bonds, Series 2010B (1.28MB, 84-page PDF)

2010 City Bond Ratings

The City's recent bond sales were rated by three credit rating agencies: Moody's Investors Service, Standard & Poors and Fitch. The City received the highest rating possible (Triple A) from all three agencies. Bloomington is one of 31 municipal governments out of 19,000 nationwide to have received a Triple A rating from all three rating agencies. Listed below are the rating agencies' reports.

• Moody's Investors Service 2010
• Standard & Poors 2010
• Fitch 2010

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For more information contact:

Lori Economy-Scholler, Chief Financial Officer
1800 W. Old Shakopee Road, Bloomington, MN 55431-3027
PH: 952-563-8790; FAX: 952-563-8789
E-mail: finance@ci.bloomington.mn.us

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