City of Champaign Refinances Debt, Saves $310,000
The City of Champaign will save $310,000 over the next seven years by refinancing a portion of the bonds issued in 2007. This is the fourth time the City has refinanced debt in the past several years. The refinanced 2007 bonds carried an interest rate of 3.75%, while new bonds have an average interest rate […]
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 […]
City of Champaign Elections
Petitions for the Office of City Council Member Districts (Districts 1-5), Township Supervisor, Township Assessor and other campaign materials will be available in the Office of the City of Champaign City Clerk, 102 N Neil Street, beginning Tuesday, August 30, 2016, at 8:00 a.m. Petition information and forms will also be available on the City’s […]
City Staff Discusses Community Engagement with Visitor from Sierra Leone
City staff recently met with Christian Kamara, the National General Secretary and Chief Executive Officer of the YMCA in Sierra Leone. Mr. Kamara was visiting for a week to explore collaborations in global service learning with The University YMCA, which has a long-term partnership with the YMCA of Sierra Leone. Mr. Kamara expressed an interest in […]
City of Champaign to Preserve and Increase Accessibility to Historical Documents
At their January 26, 2016, meeting, the Champaign City Council approved a project to preserve Council documents from the City’s inception through the present. This project will also make the documents more accessible to both historians and members of the general public. The documents to be preserved include City Council meeting minutes, resolutions, and […]
City of Champaign Receives Distinguished Budget Presentation Award
The Government Finance Officers Association of the United States and Canada (GFOA) is pleased to announce that City of Champaign, Illinois has received the GFOA’s Distinguished Budget Presentation Award for its budget. The award represents a significant achievement by the entity. It reflects the commitment of the governing body and staff to meeting the highest principles of governmental […]
Financial Forecast Projects Positive Outlook and Increasing City Revenues
Conservative financial policies and proactive measures taken during the recession continue to pay off as the City of Champaign’s financial forecast shows continued growth in our local economy and City revenues. The forecast predicts additional funding will be available to address some of the City’s more critical needs, like street repairs and public safety staffing. […]
CAFR Award
The City of Champaign received a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a […]
GFOA’s Budget Award
The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the City of Champaign the Distinguished Budget Presentation Award for its Financial Plan for Community Services (annual budget). The City has received this award annually for 24 years, which shows a strong commitment to producing the highest quality budget document that reflects the guidelines and […]
City of Champaign’s 2015/16 Budget Invests in City’s Future
Administration Proposes Balanced Budget, Continuing Delivery of High Quality, Essential Services The City Administration is pleased to present a balanced budget that builds upon the City of Champaign’s long history of fiscal discipline. The budget allows for the continued delivery of essential City services, embraces growth, and preserves our vibrant community. The City’s AAA bond rating evidences Champaign’s […]