Debt Management Debt management consists of planning and forecasting future funding needs. Occasionally the City finances large projects through the issuance of debt. The City than promises to repay its debt with future revenue sources such as utility revenues, taxes, special assessments, housing fees, and tax increment. The City is well below the statutory limit for debt. Risk Management General liability and workers compensation insurance are both purchased through the League of Minnesota Cities Insurance Trust.
Many cities are members of the trust and each city is evaluated based on risk and claim history.
Efforts are continually made to reduce overall insurance costs through safety awareness programs and education.