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Agua Fria district reports $197 million in bonds issued, $10.8M in M&O override revenue
Summary
District staff reported FY25 bond and override spending at the Oct. 1 board meeting, saying voters approved a $197 million bond in 2023, $112M was spent in FY25, and the district—s M&O override brought in $10,770,000 last year. Staff said roughly $75M remains available for future projects.
District finance and facilities staff on Oct. 1 presented the Agua Fria Union High School District—s annual bond and maintenance-and-operations (M&O) override report, reviewing recent bond sales, fiscal-year expenditures and remaining balances.
"Most recently, this was reauthorized in November 2022. We received a 15% maintenance and operations override," said the district—s finance presenter, who reported last year—s M&O override revenue at $10,770,000. The presenter told the board the district…
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