Category: Finance Department News

City of Champaign’s Excellent AAA Debt Rating is Affirmed

The City of Champaign has once again received the highest rating possible from two financial industry leaders.  In its most recent report, Fitch Ratings affirmed the City’s AAA bond rating, with a stable outlook.  The City’s debt also carries a triple-A rating with a stable outlook from Moody’s Investors Services.  This is the fifth consecutive […]

Input Sought Regarding Mobile Food Trucks

To gather public input regarding the operation and regulation of mobile food trucks, the City of Champaign will hold a public input session at 2:00 p.m. on Monday, February 19, 2018.  This information meeting will be held in the City Buildings Council Chambers, located at 102 North Neil Street, Champaign. The information session will provide […]

City of Champaign Implements New Financial and Human Resource Management Software

Following a 15-month implementation project, the City of Champaign successfully launched a new financial and human resource management software solution on July 1, 2017.  The new Munis Financial Management Software replaces an aging software system that was first put into service 21 years ago.  The new software will streamline and maximize the efficiency of managing […]

Champaign City Manager Announces Finance Director Appointment

City Manager Dorothy Ann David announced today that Kay Nees, currently the City of Champaign’s City Accountant, will be promoted to the Finance Director position effective June 26, 2017. Ms. Nees has worked for the City of Champaign for the last three years and has more than 18 years of experience working in government accounting.  […]

Finance Department Hosts Two Day Conference

On February 9 & 10, the City of Champaign hosted a two-day conference of the Downstate Chapter of the Illinois Government Finance Officers Association (IGFOA), at the new Home2 Suites hotel. Molly Talkington, the City’s Financial Services Manager/Budget Officer and the Vice-President of Downstate IGFOA, contributed to conference planning and introduced all presenters. Finance Director […]

Champaign Finance Director Announces Retirement

Richard Schnuer, Finance Director for the City of Champaign, has announced his plans to retire effective March 3, 2017. Upon making his announcement, Schnuer said, “I am honored to have had such a long and meaningful career of public service to the residents of the City of Champaign.  I am proud to have helped implement […]

Finance Department “Audits” Web Pages, Gets Refresh on the Books

On Monday, October 31, the Finance Department launched web pages featuring a fresh new look.  The redesign was completed as part of the City’s ongoing project to refresh its entire website.  In addition to being more pleasing to the eye, the pages are more mobile-friendly and provide more content.  The update makes it easier for the public to find documents […]

City of Champaign’s Excellent AAA Bond Ratings Affirmed

Moody’s Investors Services and Fitch Ratings have affirmed the City’s AAA bond ratings, the highest for both rating agencies. According to Finance Director Richard Schnuer, “A high bond rating lowers the City’s interest costs on borrowing because investors are willing to receive lower interest rates on low-risk debt.” Champaign is the only municipality in Illinois […]