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11. BONDS PAYABLE

Bonds payable at June 30, 2021 are as follows:



Bond Type



Amount Outstanding



Original Amount


Interest

Rates (Percent)


Range of

Final Maturity Dates


State School Bonds: Series 2011A



$ 360,000



$ 1,710,000



3.00 - 5.00



2020-2023

Series 2014A, Refunding


723,000


1,724,000


2.00 - 3.00


2020-2025

Series 2017A, Refunding


2,565,000


3,288,000


5.00


2020-2028

Series 2020A, Refunding


752,000


820,000


5.00


2020-2031

District Revenue Bonds: Series 2013, Sales Tax


44,020,000


96,715,000


3.00 - 5.00


2020-2024

Series 2016, Sales Tax

14,505,000

30,075,000

1.99

2020-2024

Series 2018, Sales Tax

20,440,000

35,000,000

2.80

2020-2024

Series 2020, District Revenue

3,400,000

3,660,000

4.00 - 4.625

2020-2033

Subtotal

86,765,000



.

Unamortized Premium on Debt

1,922,125





Total Bonds Payable


$ 88,687,125






The various bonds were issued to finance capital outlay projects of the District. The following is a description of the bonded debt issues:


 

 State School Bonds District Revenue Bonds District Sales Tax Revenue Bonds