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District bond schedule, payments and outstanding obligations summarized
Summary
Strasburg’s notes show General Obligation Bonds outstanding (Series 2012 final payments and Series 2021 $19.8M for BEST grant match); bonds payable totaled $20.62 million with scheduled debt service through 2046.
Strasburg School District’s audited notes and debt schedules show two major general obligation bond series in the financial statements. Series 2012 (advance refunding of 2006 issuance) has remaining principal that was reduced by scheduled repayments; Series 2021, issued for $19.8 million, financed matching funds for a State BEST grant and district construction projects.
The notes present a maturity and interest schedule showing principal and interest amounts through 2046; as of the audit the district’s bonds payable totaled $20,620,000. The Debt Service Fund balance was reported at $2,037,663 with principal and interest payments continuing under the published amortization schedule.
