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Department of Finance

Debt Management

collage of the Convention Center, Otay Mesa Water Treatment Plant, Balboa Park, and Qualcomm StadiumMission Statement

To effectively plan, implement, and manage City debt obligations.

About Debt Management

The Debt Management division develops financing plans, conducts planning, structuring, and issuance activities for all bonds, notes, and loans to finance the City's capital projects, essential equipment, and vehicles.

Bond financings are conducted for capital projects secured by the General Fund and the City enterprises, as well as projects supported by dedicated revenue sources such as the San Diego Redevelopment Successor Agency (Successor Agency) and special districts. The Debt Management division evaluates and applies for various State and Federal loans to help finance infrastructure projects including those for water, wastewater and storm water. Loan agreements are executed to fund approved infrastructure projects. The division also administers certain short- and medium-term financing mechanisms, including capital leases and commercial paper programs.

The division coordinates and monitors Citywide post-issuance administrative functions related to bond offerings, commercial paper programs, Federal and State loans, and capital leases. The division regularly reviews outstanding obligations for refunding opportunities and timely refinances to lower interest costs. The division manages credit and investor outreach functions for the City, special districts, and the Successor Agency providing information to current bondholders, prospective investors, and rating agencies that monitor the credits.

The division also coordinates, as needed, the City's formation procedures for its Special Financing Districts (including Community Facilities District and 1913/1915 Act Assessment District, and Enhanced Infrastructure Financing Districts), related conduit bond issuances to fund public infrastructure, as well as the enrollment process for assessments and special tax levies.