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District finance report: Moody’s outlook steady; bonds to be priced next week, revised budget to be presented in April
Summary
District finance staff told the board the district’s Moody’s rating is expected to remain A1, bonds are on track to be priced next week with proceeds after April, and a revised current‑year budget will be presented in April.
A district finance presenter reported to the Sartell‑St. Stephen School Board on March 1 that Moody’s expects to maintain the district’s A1 bond rating and that the district is on track to price bonds next week. The presenter said bond proceeds would not be received until after the district’s April meeting and that a preliminary agreement would be signed to lock pricing for 30 days.
The presenter said the district’s year‑to‑date general fund and community service fund…
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