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Engineering & Transportation Dept. <br />2018 Accomplishments (cont' d) <br />Finance Department <br />2018 Accomplishments <br />► Completed $20m Lease Revenue bonds to fund new CIP projects <br />► Completed $19m in Refunding Bonds, generating $8.1 million in cash flow savings; <br />bonds received rating upgrade to "AA-" <br />► Standard and Poor's re -affirmed its "AA-" rating, leading to cost reductions for <br />future debt issuances, placing San Leandro among the highest rated cities in the <br />State <br />► Received national recognition for the 22nd straight year, including Certificate of <br />Achievement for Excellence in Financial Reporting <br />13 <br />14 <br />