san_ardo_union_elementary_second_interim_report.pdf
General Obligation Bond Debt Service Continues
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Description
San Ardo Union Elementary School District continues to service its general obligation bond debt, with a principal balance of $3,120,992 and annual payments of $504,200 for 2023-24. The bond is supported by property tax collections and has 12 years remaining.
Contract Details
Contract Amount
$3,120,992 principal; annual payments: $504,200 (2023-24), $253,000 (2024-25), $251,500 (2025-26)
Vendor
GENERAL OBLIGATION BONDS
Agency
San Ardo Union Elementary, CA
Contract Type
FINANCIAL_SERVICES
Document Date
March 11, 2025
Contract Term
12 years remaining as of July 1, 2023-24
Renewal Date
2035-06-30
Renewal Info
Annual payments decrease after 2023-24; funding source is ongoing property tax revenue; no refinancing or restructuring action reported.
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