2015 2016 Budget Debt Service Presentation December 16, 2014 What - - PowerPoint PPT Presentation

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Apr 03, 2024 7 likes •78 views

2015 2016 Budget Debt Service Presentation December 16, 2014 What is Debt Service? Principal and Interest Payments building projects energy performance contract (EPC) bus purchases Bond Anticipation Note (BAN) Revenue

SLIDE 1

2015 – 2016 Budget

Debt Service Presentation

December 16, 2014

SLIDE 2

What is Debt Service?

Principal and Interest Payments
building projects
energy performance contract (EPC)
bus purchases
Bond Anticipation Note (BAN)
Revenue Anticipation Note (RAN)

SLIDE 3

Building Projects and EPC

SLIDE 4

Bus Purchases

SLIDE 5

BAN and RAN Interest Payments

DESCRIPTION 2014-15 BUDGET 2015-16 NEW BUDGET $ AMOUNT INCREASE/DECREASE % AMOUNT INCREASE/DECREASE BAN ANTICIPATION - INTEREST $224,850.00 $0.00 ($224,850.00)

100.00%

REV ANTICIPATION NOTES $45,000.00 $45,000.00 $0.00 0.00% $269,850.00 $45,000.00 ($224,850.00)

83.32%

SLIDE 6

New Debt

Current Capital Project ($7.5 Million)
Projected to issue a serial bond in June 2015
Principal: $375,000
Interest: $299,800

SLIDE 7

Summary

Debt Service Budget Projected to Increase by

$451,818 or 17.22%

Issuing new serial bond in June 2015