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District confirms bond sale costs and reports bond funds deposited into account
Summary
Southern Kern Unified presented information about a recent bond sale: the agenda confirmed a $28 million series and district staff said $27 million in bond funds has been deposited; cost-of-sale information was presented to the board.
Southern Kern Unified School District staff presented an information item confirming the district’s recent general obligation bond sale and reported that bond funds were deposited into the district’s account.
On the agenda the item was described as "Confirmation of bond sale cost representing $28,000,000 to Southern Kern Unified School District, County of Kern, California, Election 2024, General Obligation 2025 Series." In the subsequent staff report the district noted that $27,000,000 in bond funds had been deposited into the district treasury following the April 2025 bond sale.
District staff also presented figures on sale costs: a cost of issuance of roughly $220,000 and an overall reported cost of sale of about $346,000 after underwriter discounts and fees. The board considered the presentation as an informational item; no separate action beyond acknowledgment was recorded in the excerpt.
The presentation was given during the business services section of the meeting. Board members asked no substantive follow-up questions in the excerpted discussion. The transcript records the figures as presented by the staff speaker and confirms the item was placed on the agenda for the board’s awareness.
