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City of Mobile financial information to be centralized on website

According to a press release issued today Mobile Mayor Sam Jones has instructed his staff to begin work on a user friendly web-site through which citizens can easily access the city's financial information. Demands from citizens for such a web-site arose in the wake of a proposed increase of one penny in the city’s sales tax. Citizens can now review a comprehensive list of financial information at http://www.cityofmobile.org/financials.php, or by clicking on Financial Information on the front page of the city's website.

Previously, according to the release, most of the financial information was located on the Finance and Accounting departments' webpage. The new addition to the financial information will include a weekly payment register and the city's bond rating from Moody's and Standard/Poor's rating agencies.

Financial Information to be released will include the city’s adopted budgets. The city's annual operating budget details projected revenues and expenditures for the operations of city services for the coming fiscal year.

Also to be made available online will be the capital improvement, strategic fund and other budgets. Those budgets are a benchmark that identifies future projects and cost estimates that allow city staff to properly plan for future capital improvements throughout the city.

Other information citizens will be able to easily access include the Comprehensive Audited Annual Financial Report, Monthly Financial Report, Weekly Check Register and the city's bond rating.

The city receives a favorable bond rating from two of the nation's top rating agencies. The bond rating affects the city’s interest rate and borrowing ability.

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