Performance Details

Department of Revenue - Municipal Bond Bank Authority

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Mission

The mission of the Alaska Municipal Bond Bank is to provide municipalities with financing options for capital projects.

Core Services

• Provide lowest cost financing for Alaska municipal governments

Mission Results	Core Services
A: Municipalities will lower their cost of financing.  Details > TARGET #1: 100% of new financings will result in savings.	A1: Provide lowest cost financing for Alaska municipal governments  Details > TARGET #1: The Bond Bank will finance 100% of the deals done statewide by municipalities with less than A1 ratings.

Performance Detail

Target #1: 100% of new financings will result in savings. New Financings That Resulted in Savings Fiscal Year Percent Aggregated Savings FY 2018 100% $3.4 million FY 2017 100% $41.2 million FY 2016 100% $75.3 million FY 2015 100% $25 million FY 2014 100% $12.7 million FY 2013 100% $19.6 million FY 2012 100% $17.2 million FY 2011 100% $13.6 million FY 2010 100% $9.6 million Analysis of results and challenges: In each fiscal year shown, all communities that borrowed funds through the Alaska Municipal Bond Bank Authority are projected to be paying less debt service (realized savings) than they otherwise might have using other means of financing their project.

Current as of January 2, 2019