Summary: Dodge City, Kansas; General Obligation; Note

S&P Global Ratings assigned its 'A+' rating to Dodge City, Kan.'s roughly $6.905 million series 2023-A general obligation (GO) bonds and assigned its 'SP-1+' short-term rating to Dodge City's roughly $6.8 million series 2023-1 GO temporary notes. S&P Global Ratings also affirmed its 'A+' long-term rating and underlying rating (SPUR), on Dodge City's existing GO debt and affirmed its 'SP-1+' short-term rating on the city's existing notes. The outlook on all ratings is stable. Dodge City's full-faith-and-credit pledge secures the GO bonds and notes, which are a GO of the city. Certain GO bonds and notes (including the series 2023-A bonds and 2023-1 notes) are also payable from special assessment taxes levied for improvements financed with bond and note proceeds.

...Most recent Historical information 2021 2020 2019 Very weak economy Projected per capita EBI % of U.S. 69 Market value per capita ($) 90,036 Population 26,929 27,178 27,771 County unemployment rate(%) 2.1 Market value ($000) 2,424,573 2,186,152 1,416,987 Ten largest taxpayers % of taxable value 15.5 Adequate budgetary performance Operating fund result % of expenditures (2.9) 19.1 (0.9) Total governmental fund result % of expenditures (4.4) (1.3) 7.2 Strong budgetary flexibility Available reserves % of operating expenditures 35.5 46.0 25.7 Total available reserves ($000) 5,873 5,750 3,952 Very strong liquidity Total government cash % of governmental fund expenditures 89 86 43 Total government cash % of governmental fund debt service 472 421 196 Adequate management Financial Management Assessment Standard Weak debt & long-term liabilities Debt service % of governmental fund expenditures 18.8 20.5 22.0 Net direct debt % of governmental fund revenue 224 Overall net debt % of market value 6.8...

Summary