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Santa Rosa ISD shows $4.69M M&O balance, $12.935M in outstanding bonds
Summary
CFO Marisa Cuevas told the board the district expects an M&O fund balance of $4,690,531 and listed outstanding bonded indebtedness at $12,935,000; the I&S (debt service) fund balance was shown as negative $131,265 in the materials presented Sept. 16.
In the district's rate presentation, Marisa Cuevas provided the financial backdrop for the proposed tax rate: she listed outstanding bonded indebtedness of $12,935,000 (outstanding principal) and estimated year‑end fund balances of $4,690,531 in the Maintenance & Operations fund and negative $131,265 in the Interest & Sinking fund.
Cuevas framed those figures as context for why the board was considering the presented split between M&O and I&S. The materials reiterate that bond tax revenue is used to pay bonded indebtedness that voters previously approved. No formal motion or vote was taken during the special hearing; the presentation is part of the statutory notice and discussion process leading up to any later adoption of a rate or related budget actions.
