Jamie Doyle, the district’s independent financial adviser, told the Perkiomen Valley Board of School Directors on Dec. 8 that the district’s debt profile is short, highly amortized and offers flexibility for future capital financing.

Doyle said the district’s outstanding principal across issues is about $78,350,000 and that the “net effect on your budget” — the district’s local effort — runs about $10,300,000 annually. He described how call dates and limited PlanCon reimbursements affect which issues generate budget relief and noted that many outstanding bonds were issued in low‑rate periods, limiting near‑term refunding opportunities.

The presentation explained the current interest‑rate environment, including a mildly inverted yield curve and market focus on upcoming Federal Reserve decisions. Doyle said this environment has produced attractive investment yields for the district and that long‑term borrowing rates have not fallen commensurately with recent short‑term rate moves.

Why it matters: The briefing framed the district’s ability to take on future capital projects. A short amortization schedule means a substantial share of principal is scheduled to be paid down in the coming decade, freeing capacity for potential new borrowing without dramatically increasing long‑term obligations.

Doyle highlighted the district’s credit ratings: S&P assigns Perkiomen Valley an AA rating, and Doyle said the equivalent Moody’s rating would be Aa2. He said Moody’s has praised the district’s budgeting and reserve posture, but that reserve declines could limit operating flexibility and risk a downgrade.

Board members asked whether the district has refinancing opportunities; Doyle said many of the district’s most recent issues date to historically low rate years (2020–2022), and that “you don’t have any refinancing opportunities at this time because you already have such low interest rates locked in.” He also said he monitors the portfolio and would contact administration if positive refunding savings appear.

On borrowing capacity and legal limits, Doyle said the district’s remaining borrowing capacity (based on principal outstanding at the time of the briefing) was over $184,000,000, while cautioning that legal capacity differs from what is prudent to borrow. He also walked the board through arbitrage rules and the typical three‑year expectation for spending bond proceeds; unspent proceeds earning investment returns above issuance yields may have to be rebated to the IRS.

Quotes: “This is probably the most important page in my handout,” Doyle said while describing the district’s debt portfolio and repayment schedule. On refunding prospects he said, “you don’t have any refinancing opportunities at this time because you already have such low interest rates locked in.”

What’s next: Doyle offered to provide peer comparisons and historical rating changes; the board thanked him and concluded the informational briefing.