< Previous | Contents | Next >
Long-term Debt
As of June 30, 2021, the District has total long-term debt outstanding of $566,983,853. This amount is comprised of $88,687,125 of bonds payable, $450,428,560 of certificates of participation and
$27,868,168 of obligations under capital leases.
The following is a summary of the District’s long-term debt as of June 30, 2021:
Outstanding Long-Term Debt
Total School District Increase Percentage
2021 2020 (Decrease) Change
Obligations Under Capital Leases | $ 27,868,168 | $ 28,447,871 | $ (579,703) | -2.04% | |||
SBE Bonds | 4,919,966 | 5,706,095 | (786,129) | -13.78% | |||
District Revenue Bonds | 4,020,699 | 2,103,853 | 1,916,846 | 91.11% | |||
Sales Tax Revenue Bonds | 79,746,460 | 99,254,379 | (19,507,919) | -19.65% | |||
Certificates of Participation | 450,428,560 | 451,803,826 | (1,375,266) | -0.30% | |||
Total | $ 566,983,853 | $ 587,316,024
| $ (20,332,171)
| -3.46%
|
During the current fiscal year, the District’s total long-term debt decreased by $20,332,171 or 3.46 percent.
The District received ratings of A1 from Moody’s and A+ from Fitch on its Certificates of Participation. The underlying rating for the Sales Tax Revenue Bonds, Series 2013, is A1 from Moody’s and A+ from Fitch.
Additional information on the District’s long-term debt can be found in the notes to the financial statements in Note 12 – Changes in Long Term Liabilities.
