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Debt Obligations
Understanding the City's Finances
The Debt Obligations Transparency page provides a broad understanding of the city's finances and debt. Various types of long-term debt have been issued by the city for the acquisition and construction of major capital facilities and equipment, and this page helps with understanding the nature of the debt.
This information is also required by the Texas Comptroller of Public Accounts to qualify for the Comptroller's Transparency Stars program.
Bond Ratings
- Moody’s Investor Service: Aa2
- Standard and Poors; Aa
Types of Debt
General Obligation Bonds are issued pursuant to voter authorization for infrastructure and facility projects. The debt associated with these bonds is paid for out of the Debt Service Fund. These projects are accounted for in a governmental bond capital project fund. General obligation bonds have also been issued in previous fiscal years to refund prior debt issues. The debt is supported by revenue provided from real property which is assessed through the taxation power of the local government, property taxes.
Certificate of Obligation debt is similar to General Obligation bonds in their usage but does not require voter authorization and can be backed by tax revenues, utility revenues, or a combination of the two. Certificates of Obligation where there is solely a tax pledge are accounted for in the Debt Service Fund and the projects are tracked in a governmental bond capital projects fund. Debt where there is a pledge of both taxes and utility revenues is accounted for in the Utility Fund and the associated projects are tracked in a bond water and sewer capital projects fund.
Water and Sewer Revenue Bonds are issued to provide funds for certain improvements to the water distribution and wastewater collection systems as well as to refund prior water and sewer debt issues. These bonds are accounted for in the Utility Fund and the associated projects are tracked in a bond water and sewer capital projects fund. This debt is repaid from revenues from the Utility Fund.
Contract Revenue Bonds are Water and Sewer Revenue Bonds that were issued on the City’s behalf by the Greater Texoma Utility Authority, GTUA. Some of these bonds were issued in conjunction with the City of Melissa where it involved a benefit to both cities and some were issued for the Collin Grayson Municipal Alliance, CGMA. The CGMA was formed to represent the cities of Howe, Van Alstyne, Melissa, and Anna.
Sales Tax Revenue Bonds are special corporation obligations payable from and secured by sales and use tax revenues allocated to the Community Development Corporation.
| City of Anna - Debt: | Fiscal Year 2022 | Per Capita |
|---|---|---|
| Governmental Activities | ||
| General Obligation Bonds | $ 9,243,000.00 | $ 385.77 |
| Certificate of Obligation Bonds | $ 30,210,000.00 | $ 1,260.85 |
| Combination Tax, Revenue Bonds & Certificates | $ 335,000.00 | $ 13.98 |
| Capital Lease Obligations | $ 1,197,321.00 | $ 49.97 |
| Total Tax Supported Obligations | $ 39,788,000.00 | $ 1,660.60 |
| Business Type Activities | ||
| Combination Tax, Revenue Bonds & Certificates | $ 12,805,000.00 | $ 534.43 |
| Contract Revenue Bonds | $ 4,727,500.00 | $ 197.31 |
| Capital Lease Obligations | $ 1,186,273.00 | $ 49.51 |
| Total Revenue Supported Obligations | $ 18,718,773.00 | $ 781.25 |
| Total Debt Per Audited Financial Statements | $ 59,704,094.00 | $ 2,491.82 |
| Component Units - Debt: | ||
| ACDC - Sales Tax Revenue Bonds | $ 2,645,000.00 | $ 110.39 |
| Total Debt Per Audited Financial Statements | $ 2,645,000.00 | $ 110.39 |
Note: Per Capita figures are based on the City’s 2022 estimated population of 23,960.
View raw data used to prepare the charts and tables Downloadable Data - Excel File.
View debt requirements and outstanding obligations.
View information related to our tax rate.
Additional Downloadable Data - Excel File
HB 1378: Debt Obligation Reporting
The 84th Legislature passed HB 1378 PDF to increase the transparency of local government debt. Local political subdivisions, including counties, cities, school districts, junior college districts, special purpose districts, and other subdivisions of state government must annually compile their debt obligation data from the preceding fiscal year.
View House Bill 1378 Annual Debt Report (PDF).
View Debt Profile (PDF) This document shows an issue-by-issue listing including the principal amount of each outstanding debt obligation.
View Bond Election Pledge (PDF).
Other Helpful Information
Bond Election Information - The City of Anna's most recent was held in 2021 and included three propositions. View information on the City's May 2021 bond election.
Annual Budget - The City's most recent budget was passed in September of 2021. Debt information starts on page 169. View the city's most recent budget. View an archive of past budgets.
Municipal Advisor Certificate - The City has an independent Registered Municipal Advisor on file in compliance with the SEC Municipal Advisor Rule. The City of Anna retains an IRMA to assist us in evaluating recommendations relating to the issuance of municipal securities. View our most recent Independent Registered Municipal Advisor letter.
Debt at a Glance - The Texas Comptroller provides a tool to review the debt of municipalities in brief. View Anna, Texas's Debt at a Glance.
Texas Bond Review Board - The Texas Bond Review Board also provides information on municipalities yearly debt issuance. View Texas Bond Review Board website.