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Board reviews May financials and bond-market recap; staff reports lower demand on recent issue
Summary
The board received the May financial report and a recap of the district27s recent bond issues; staff said demand for the 2026 bond series was lower than 2025 and reported all-in true interest costs of 4.953% (2025) and 4.429% (2026).
A staff member summarized the district27s May financial statements and provided context on a recent bond issuance. He said the 2025 series drew substantially higher demand than the 2026 series, which saw about 2.4x demand compared with 5x for 2025, and explained how breaking a $17,000,000 issue into smaller tranches affected investor participation.
On cost metrics he reported that "our all in true interest cost on the 25 line issue was 4.953%. On the 26, it's 4.429." Board members acknowledged the report and used the presentation to move into routine approvals including accounts payable and the FY '27 budget level.
