- Financial Reports
- Town Debt & Financing Information
Town Debt & Financing Information
Town of Yountville Outstanding Debt Snapshot (PDF) as of March 1, 2022
2021 Year-End Debt Profile Summary (PDF)
Long Term Debt Policy - At its meeting of May 20, 2008, the Yountville Town Council, through Resolution Number 2674-08, adopted a policy pertaining to the use of long-term debt. The use of debt is for financing capital infrastructure or unusual equipment purchases, and annual debt service payments may not exceed 25% of General Fund operating revenues.
Town Council Policy for Long-Term Debt (PDF)
General Obligation Debt - At this time, the Town has issued no debt that is a general obligation of the property owners of Yountville.
Current Debt Service Obligations Issued by the Town
Yountville Finance Authority 2020 Lease Revenue Bonds - Associated with the seismic improvements of the Town Hall building and acquisition, construction and installation of other capital projects within the town boundaries. This was previously the 2013 Lease Revenue Bonds that were refunded in June 2020. The bonds are secured by a pledge of and lien on revenues, consisting primarily of Lease Payments. Principal and interest will be paid until June 2027, and the applicable interest rate is 1.66% per annum.
2020 Lease Revenue Bonds Debt Service (PDF)
Yountville Finance Authority 2017 Lease Revenue Bonds - Issued to refund the outstanding Yountville Finance Authority 2008 Lease Revenue Bonds - Associated with construction of the Yountville Community Center Project. The bonds are secured by a pledge of and lien on revenues, consisting primarily of Lease Payments. Principal and interest to be paid from 2018 to 2039, interest rates on the bonds range from 2% to 5%.
2017 Lease Revenue Bonds Debt Service (PDF)
S&P Ratings Report (2020) (PDF) - In December 2020, Standard and Poors (S&P) issued a report and credit analysis of the Town's financial statements and financial management system, and assigned the Town a stable AA rating.