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

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 $15,718,348 $15,404,164 $14,321,787 $12,800,000 $11,937,369 $11,886,682 $11,886,419 $11,915,400 $11,706,900 $9,600,000 $7,689,200 $6,400,000 $3,200,000 $3,222,800 $3,223,200 $3,224,000 $3,037,200 $3,040,600 $3,040,200 $3,041,000 $0 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 The chart shows the total principal and interest payments on outstanding bond issues.

Outstanding Debt 17% Principal Interest 83%

Bond Rating

Borrowing Capacity Borrowing Base $244,296,200 Average of 3 Year’s Revenue Legal Limit $549,666,449 225% of Borrowing Base -$114,509,625 Outstanding Principal $435,156,824 Borrowing Capacity

Future Borrowing Considerations • Term • Structure • Amount • Rates • Millage impact • Hedge strategy

10-Year MMD

Lease Schedule $3,000,000 $2,720,115 $2,691,360 $2,400,000 $1,800,000 $1,805,280 $1,451,739 $1,200,000 $600,000 $96,672 $0 $0 15-16 16-17 17-18 18-19 19-20 20-21 The chart shows the total principal and interest payments on outstanding lease issues.