News Flash

Our City News

Posted on: June 19, 2020

City of Cedar Falls Receives Upgraded Tax Bonds Rating

cedar falls ariel image

Moody’s Investors Service has upgraded the City of Cedar Falls general obligation unlimited tax (GOULT) bonds to Aaa and assigns a Aaa rating to its $3.4 million General Obligation Capital Loan Notes, Series 2020. This is the highest rating achievable by an entity and Cedar Falls joins only three additional cities in Iowa that has obtained a Aaa rating.

According to the Moody’s Investors Service report, Cedar Falls financial profile is described as ‘exceptional’. The City was upgraded to Aaa because its strong financial performance has resulted in very robust operating fund balance and cash. Substantial alternate liquidity across other governmental funds further bolsters the City’s financial position. Debt is modest because the City cash financials most of its cash needs as opposed to relying on the selling of bonds.

Fixed costs are low because debt and retiree health care burdens are modest. Pension burden is more moderate from participation in two statewide pension plans. The City also benefits from the presence of the University of Northern Iowa. Financial performance across the City’s enterprise funds (sewer, refuse and stormwater) will remain sound supporting the funds’ healthy liquidity.

The impact of the upgraded tax bond rating benefits both the City and its citizens.

“Attaining a Aaa rating helps the City receive lower interest rates when we sell bonds, which in turn reduces the property tax burden for debt service,” said Jennifer Rodenbeck, Finance and Business Director for the City of Cedar Falls.  “The City is very proud of achieving this highest rating from Moody’s. Moody’s recognizes that the City has sound financial practices which include conservative budgeting, low debt outstanding, and strong cash reserves. These practices were achieved thanks to past and present staff and elected officials that have recognized the benefit of maintaining conservative financial policies.”

Moody’s Investors Service also included that the stable outlook reflects expectation that the City’s financial position will remain strong and operating revenue loss from the coronavirus outbreak will be modest.

Facebook Twitter Email

Other News in Our City News

Leversee Road Closure

Posted on: October 21, 2020

E 2nd Street Sidewalk Closure

Posted on: October 10, 2020
Trick or Treat 2019

Cedar Falls Trick or Treat Hours

Posted on: September 28, 2020

Hudson Road Lane Closure

Posted on: September 23, 2020
construction updates graphic

W. 1st Street/HWY 57 Reconstruction Update

Posted on: September 22, 2020

Leversee Road Closure

Posted on: September 21, 2020
National Night Out 2019

National Night Out Event Cancelled

Posted on: September 16, 2020
mask up graphic

Mask Up Cedar Falls

Posted on: September 11, 2020

University Avenue Waterloo Update

Posted on: August 31, 2020

W. 26th St. Road Closure

Posted on: August 26, 2020

Road Closure Notice - Walnut Street

Posted on: August 5, 2020

West 2nd Street Closure

Posted on: July 31, 2020

Madison Street Closure - Stage 2

Posted on: July 30, 2020
Downtown Streetscape Social 2

West 2nd Street Closure

Posted on: July 18, 2020

West 22nd Street Closure

Posted on: July 14, 2020

W. 26th St Closure

Posted on: July 2, 2020

West 11th Street Closure

Posted on: June 19, 2020

Cedar Falls 2020 Census Update

Posted on: June 17, 2020

2nd State Lane Closure

Posted on: June 16, 2020
little kid in fire truck

National Night Out Postponed

Posted on: June 16, 2020

City Hall Closed June 12, 2020

Posted on: June 11, 2020

Madison Street Closure

Posted on: June 1, 2020

State COVID-19 Guidelines Reminder

Posted on: May 19, 2020

W. 1st St./HWY 57 Reconstruction

Posted on: May 15, 2020

East Main St. Closure

Posted on: May 8, 2020

Road Rehabilitation Updates

Posted on: May 8, 2020

East 2nd St. Sidewalk Notice

Posted on: May 1, 2020

Census Update

Posted on: April 27, 2020
picture of a trail

Cedar Falls Trail Safety Reminder

Posted on: April 24, 2020

W. 11th Street Closure

Posted on: April 21, 2020

Main St. Road Closure

Posted on: April 18, 2020

Lilac Lane Closure

Posted on: April 17, 2020

2020 Street Construction Project

Posted on: April 9, 2020

Cedar Falls Prepares for COVID-19

Posted on: March 11, 2020

2020 Construction Phase 1 Begins

Posted on: March 12, 2020
IMG_6760

Cedar Falls Special Election Date Set

Posted on: February 18, 2020
IMG_6760

Cedar Falls to Hold Special Election

Posted on: February 7, 2020
20190606_081807

Cedar Falls Crime Drops 1.63% in 2019

Posted on: January 20, 2020
Hazardous Trees

Hazardous Trees on Private Property

Posted on: January 9, 2020

Hazardous Trees on Private Property

Posted on: December 18, 2019

Found Property Items

Posted on: October 4, 2017