The Finance Division is responsible for all the city’s finances, including accounts payable, payroll, and budgeting.
The City of South Bend has a “AA” rating from Standard & Poor's Ratings Services as of July 2011. The rating was assigned to the South Bend Redevelopment Authority as a General Obligation Equivalent Security.
The 'AA' represents an assessment of the city's credit quality, including the following factors:
- Diverse local economy and position as a regional center
- Very strong financial operations
- Moderate overall debt burden