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Finance presenter outlines debt plan; June debt payments totaled about $1.17 million
Summary
At a budget workshop the finance presenter reviewed mortgage and GO bond uses, noted June debt payments of $965,000 in principal and $206,875 in interest and fees, and discussed a 2027 rainy‑day appropriations request of $350,000.
The board held the first budget workshop focusing on debt‑service and reserve funds. The finance presenter walked through three debt categories (mortgage bonds, general obligation bonds and common school fund loans) and tied recent bond proceeds to specific projects, including middle‑school HVAC and elementary renovations.
On June payments, the presenter said, "in June, we paid 965,000 on principal on our our debt, and then $206,875 on interest and fees." He reviewed rainy‑day fund options, noting $67,500 from a timber harvest was slated for transfer, and said the administration would seek a 2027 appropriation of $350,000 (final spending requires DLGF approval).
