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/, B <br /> Q <br /> /nj <br /> Department of Administration & Finance <br /> Divisions of Finance, Human Resources, Safety & Risk, Central Services & Purchasing <br /> 2018 Annual Report <br /> o Debt Management <br /> ■ The Department of Administration & Finance worked with the Legal Department and various City <br /> departments to issue three new bonds in 2018: <br /> • Fire Station #9 General Obligation Bonds ($5,045,000) <br /> • Redevelopment District TIF Park Bonds ($11,995,000) <br /> • Economic Development Revenue Bond, Potawatomi Zoo ($3,440,000) <br /> ■ Overall debt per capita was maintained at a manageable level of$2,493. This figure compares <br /> favorably with the debt load of other Indiana Second Class Cities (see Chart 2 below): <br /> Chart2: Debt per Capita <br /> Indiana Second Class Cities <br /> Latest data available via the Indiana Department of Local Government Finance <br /> City Debt Outstanding Population Debt per Capita <br /> Terre Haute 28.298.813 60.95o $ 464 25 <br /> Elkhart $ 52.940.230 51.421 $ 1.029.54 <br /> Merrillville $ 40.214.008 35.450 $ 1.134.39 <br /> Kokomo $ 75.247.991 57.085 $ 1.318.17 <br /> Richmond $ 61.741.262 36.159 $ 1.707.49 <br /> Hammond $ 138.917.224 78.384 $ 1.772.27 <br /> Portage $ 89.646.263 36.760 $ 2.438 69 <br /> South Bend $ 254.935.846 102.245 $ 2.493.38 <br /> Columbus $ 116.562.715 46.124 $ 2.527.16 <br /> Anderson $ 143.251.462 55.455 $ 2.583.20 <br /> Mishawaka $ 130.572.465 48.174 $ 2,710.43 <br /> Bloomington $ 233.605.754 83.322 $ 2.803.65 <br /> New Albany $ 114.358.235 36.589 $ 3.125.48 <br /> Jeffersonville $ 169.278.292 46.440 $ 3.645.10 <br /> Lafayette $ 279.601.497 70.654 $ 3.957.33 <br /> Westfield $ 141.450.572 35.297 $ 4.007.44 <br /> Fort Wayne $ 1.126.531.745 258,522 $ 4.357.59 <br /> Noblesville $ 274.460.375 57.584 $ 4.766.26 <br /> Fishers $ 423.391.546 86.325 $ 4.904.62 <br /> Evansville $ 1.031.545.191 120.346 $ 8.571.50 <br /> Carmel $ 1.329.505.051 86.682 $ 15.337.73 <br /> • A high credit rating of"AA"with Standard and Poor's was maintained during 2018. South Bend <br /> has one of the top city bond ratings in the State of Indiana. <br /> 4 <br />