North Penn School District Debt Service Presentation Special - - PowerPoint PPT Presentation

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Apr 14, 2023 317 likes •423 views

North Penn School District Debt Service Presentation Special Finance Committee February 4, 2019 Debt Service Agenda Debt schedules Rating Borrowing base Future borrowing Lease schedules Debt Schedule $16,000,000

SLIDE 1

North Penn School District

Debt Service Presentation Special Finance Committee February 4, 2019

SLIDE 2

Debt Service Agenda

Debt schedules
Rating
Borrowing base
Future borrowing
Lease schedules

SLIDE 3

Debt Schedule

$0 $3,200,000 $6,400,000 $9,600,000 $12,800,000 $16,000,000 18-19 19-20 20-21 21-22 22-23 23-24 24-25 25-26 26-27 27-28 28-29 29-30 30-31 31-32 32-33 33-34

$3,224,000 $3,223,200 $3,222,800 $3,041,000 $3,040,200 $3,040,600 $3,037,200 $7,689,200 $11,706,900 $11,915,400 $11,937,369 $11,886,419 $11,886,682 $14,321,787 $15,718,348 $15,404,164

The chart shows the total principal and interest payments on outstanding bond issues.

SLIDE 4

Outstanding Debt

17% 83%

Principal Interest

SLIDE 5

Bond Rating

SLIDE 6

Borrowing Capacity

$244,296,200 Borrowing Base Average of 3 Year’s Revenue $549,666,449 Legal Limit 225% of Borrowing Base

$114,509,625

Outstanding Principal $435,156,824 Borrowing Capacity

SLIDE 7

Future Borrowing

Considerations

Term
Structure
Amount
Rates
Millage impact
Hedge strategy

SLIDE 8

10-Year MMD

SLIDE 9

Lease Schedule

$0 $600,000 $1,200,000 $1,800,000 $2,400,000 $3,000,000 15-16 16-17 17-18 18-19 19-20 20-21

$0 $96,672 $1,451,739 $2,720,115 $2,691,360 $1,805,280

The chart shows the total principal and interest payments on outstanding lease issues.