Accountable Government

Goal 1: Ensure the efficient and effective application of public resources
and maintain a high standard of financial stability of the City
Source: City Finance Department     AG Goal1     10/22/2014
About this measure:
The City, through the biennial budget process, has a balanced budget spending plan that budgets revenues to equal budgeted expenditures. Under ideal conditions, revenues will grow at a rate equal to or greater than the combined effects of inflation and expenditure pressures from new and existing and/or expanded services.
Why this is important:
Revenues determine the capacity to provide services. Important issues to consider relative to revenues are growth, diversity, reliability, flexibility and administration.
What is being done:
Throughout the year revenues are regularly evaluated and examined to see if they cover the true cost of providing services as budgeted and are meeting projections.



Source: City Finance Department      AG Goal1     10/24/2014
About this measure:
A double A rating reflects the rating agencies view that Lincoln will continue to see largely stable to positive trends in their revenue stream, given the deep and diverse economic base. It also reflects the rating agencies confidence that we will maintain consistently strong reserves and good financial management policies and practices.
Why this is important:
A high bond rating indicates strong fiscal health for the various city utilities. This helps insure the ability to finance future system needs, meet federal and state environmental requirements, and keep rates at acceptable levels. A double A bond rating insures the City will receive low interest rates on bonds.
What is being done:
Staff regularly monitors their financial position and the City continues to implement prudent fiscal policies.



Receive a Triple A rating from one of the three major bond rating
agencies for the City’s General Obligation Bonds


The City of Lincoln received a Triple A Bond rating from
Standard and Poor's and from Moody's.
Source: City Finance Department     AG Goal1     10/31/2012
About this measure:
A triple A rating reflects the rating agencies view of Lincoln as having a very stable and strong local economy with good income levels, a strong market value per capita and confidence in the City’s financial management.
Why this is important:
Sound fiscal health is essential to the City’s overall success and in gaining the public’s confidence and trust. The City of Lincoln has experienced solid financial performance with very strong reserves and taxing flexibility and moderate debt burden. A triple A bond rating insures the City will receive the lowest possible interest rates.
What is being done:
Staff regularly monitors their financial position and the City continues to implement prudent fiscal policies.



Source: City Finance Department     AG Goal1     10/24/2014
About this measure:
This graph monitors the City of Lincoln’s ability to control expenditures to remain within budgeted amounts.
Why this is important:
Tracking fiscal performance promotes transparency to establish public confidence in municipal government and ensure we are living within our means.
What is being done:
After approving a balanced budget spending plan, the City reviews annually the fiscal performance of all departments and funds through the Comprehensive Annual Financial Report. Staff regularly monitors their financial position and the City continues to implement prudent fiscal policies.