The Sacramento Transportation Authority on Oct. 9 received its annual debt program status update from Dustin Purinton, the authority’s chief financial officer, who summarized the agency’s fixed‑rate bond portfolio and the potential savings from a planned refunding.

Purinton said STA has $306,850,000 in outstanding principal across two series, described the portfolio as 100% fixed rate and identified the 2022 and 2023 series as the outstanding issues. He said the 2023 series has a call date he cited as “02/1933” and that staff are preparing for refinancing discussions in advance of that date.

The update outlined the authority’s debt‑service schedule and coverage figures. Purinton highlighted a range of annual debt‑service payments between $20,300,000 and $35,300,000 over the life of the debt and presented two coverage figures shown in his slides: 8.6 for current coverage under repayment of the 2022 series and 4.9 when higher principal payments from the larger series begin. He also reported that the portfolio is within the bonds’ covenants shown in the presentation.

On potential refundings, Purinton said STA is projecting approximately $6,700,000 in net present‑value savings from restructuring the 2023 series, using market rates as of Sept. 24. He said the refinance plan would remain beneficial until interest rates rise by about 1.47 percentage points from that snapshot, which he described as the break‑even threshold.

Purinton closed by noting the slides included a year‑by‑year summary of projected net present‑value savings under the Sept. 24 rates and offered to take questions; none were raised and no public comment was submitted on the item. The presentation was informational; no board action was requested or taken on the debt presentation.