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 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 […]
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 […]
City of Champaign Bond Refinancing
The Finance Department will propose that the City refinance the 2008 General Obligation bonds to save an estimated $490,000 over the next eleven years. The City issued the 2008 bonds to finance a portion of the downtown parking deck, so the refinancing will reduce future expenditures in that fund. This would make the fourth time that the City […]
Distinguished Budget Award
Once again, the City’s has received the Government Finance Officers Association (GFOA) Distinguished Budget Award for the Fiscal Year 2014/15 budget document. 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 best practices established by GFOA and […]
Adopted Budget Document
Finance staff issued the Fiscal Year 2014/15 adopted budget document and posted it on the City’s website. By creating, submitting, and transmitting the document electronically, Finance staff furthered our City’s sustainability efforts (#greenchampaign). Each year the adopted budget is submitted to the Government Finance Officers Association (GFOA) for the Distinguished Budget Award program. The City […]
Total 2013 FOIA Request
On January 8, 2014, the City received a written request from Steve Hoffman, Editor of the Piatt County Journal-Republican (Journal), for the total number of Freedom of Information Act (FOIA) requests received by the City in 2013. This request was made for a story being assembled for the Journal to include the City and other […]