BFPD FY26 GFOA Budget - Flipbook - Page 17
| FINANCIAL POLICY OVERVIEW
Bond Rating:
The District’s long-term municipal bond rate is 4.08% with an average AA credit rating through
Standard & Poor’s (S&P’s) rating agency.
Investment Policy:
The District’s general credit risk policy is to apply the prudent person rule: Investments shall be
made with the exercise of judgment and care, under circumstances then prevailing, which
individuals of prudence, discretion, and intelligence exercise in the management of their own
affairs, not for speculation, but for investment, considering the probable safety of their capital, as
well as the probable income to be derived.
P a g e 17 | BARTLETT FIRE PROTECTION DISTRICT | INTRODUCTION
