The City issued $33.6 million in bonds in November of 2010 and currently, $10.6 million of these bonds (the outstanding par amount) can be called from investors. The City can refund these bonds by utilizing City excess funds.
At the December 14, 2020 City Council meeting, PFM, the City's Utility Municipal Advisor, presented the results of a Resiliency and Cash Balance study performed for the City's Electric Utility Funds. The Study conclusion was the City's unrestricted cash level exceeds the recommended target by $15.8 Million.