Tag Archives: Financial management

Good news from our CFO on the City’s credit rating

August 29, 2014

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Madame Mayor & Council: Earlier this morning, Standards & Poor’s Rating Services (S&P) reaffirmed Guelph’s credit rating at AA+ with a stable outlook. According to S&P’s Ratings Direct Research Update report the rating reflects Guelph’s, “very strong economic fundamentals, budgetary flexibility, exceptional liquidity position and low debt burden.” The credit rating also reflects S&P’s view […]

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Back on track to a balanced budget at year end

October 9, 2013

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At the end of June our Chief Financial Officer (CFO) identified the potential for a negative variance at the end of the year – meaning the organization might spend more than approved by Council unless some corrective action was taken. I provided the context for this in a previous post – Balanced Budget By Year […]

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