Cash and Debt Management

(formerly Wilmington Trust) Bank@Work Program
Call the City Treasurer's Office at (302) 576-2480 or M&T Bank at (302) 472-3341.

Sign up for the Bank@Work program here.

Cash Management and Investments

• General and capital funds are invested according to the City Treasurer's Office policy.
• Investments are bid to local banking institutions for varying periods.
• Investment policy stresses safety and requires 100% collateralization.

Debt Management and Bond Issuance

• The City funds large-scale projects with a useful life of over 15 years through the issuance of mutual bonds.
• There are two types of bonds - new money for capital projects and refunding of existing bond issues.
• The City funds new projects on a two-year cycle.
• Projects must be approved by the Planning Commission and included in the City's six-year capital program and, ultimately, in the annual capital budget for funding.
• The City Treasurer's Office monitors existing bond issues for refunding opportunities. Lower interest rates many times provide savings opportunities through the issuance of refunding bonds.
• The City of Wilmington's bond rating is AA- by all three major rating agencies (Moody's, Fitch, and Standard & Poor's).