Leveraging Resources Financial Performance Revenue: Growth trends and diversity Own tax sources Grants / Fiscal transfers (level of dependence on State Government) User Charges and other Non-Tax Revenues Quality of Expenditure (Establishment expenditure, O&M expenditure) Performance on Revenue Account: Operating surplus, revenue surplus, overall surplus, liquidity Surplus/deficit vis-a-vis the Capital Investments Debt Management Debt servicing in proportion to revenue receipts Interest cover Collection Efficiencies User charges Property tax & other municipal taxes The municipal credit scoring model will be developed in consultation with the credit rating agencies. (An illustrative format for capturing financial information is annexed to the TOR) Provide information for National Municipal Credit database: Provide financial, project and other information about ULB in standard format for uploading it to National Municipal Credit database. Deliverables and Outputs Deliverable Time Contents Remarks Information 1 week from ULB to revert with Required from signing of information in 3 ULB contract weeks. Credit Rating 5 months from All the details as A presentation shall with Rationale, date of start mentioned as Task 1 be made to the State Draft Credit given under section 7.2 Government, ULB Assessment will be included in the and Project Director, Report, Draft Credit Assessment CBUD on the report. Report.
Leveraging Resources Financial Performance Revenue: Growth trends and diversity Own tax sources Grants / Fiscal transfers (level of dependence on State Government) User Charges and other Non-Tax Revenues Quality of Expenditure (Establishment expenditure, O&M expenditure) Performance on Revenue Account: Operating surplus, revenue surplus, overall surplus, liquidity Surplus/deficit vis-a-vis the Capital Investments Debt Management Debt servicing in proportion to revenue receipts Interest cover Collection Efficiencies User charges Property tax & other municipal taxes The municipal credit scoring model will be developed in consultation with the credit rating agencies. (An illustrative format for capturing financial information is annexed to the TOR) Provide information for National Municipal Credit database: Provide financial, project and other information about ULB in standard format for uploading it to National Municipal Credit database. Deliverables and Outputs Deliverable Time Contents Remarks Information Required from ULB 1 week from signing of contract ULB to revert with information in 3 weeks. Credit Rating with Rationale, Draft Credit Assessment Report, Draft 5 months from date of start All the details as mentioned as Task 1 given under section 7.2 will be included in the Credit Assessment Report. A presentation shall be made to the State Government, ULB and Project Director, CBUD on the report.
ModelRFP_CR_%20V1.docx