mountain-elementary-interim-financial-report-fy-2023-24_44f.pdf
General Obligation Bond Repayment Continues with County of Santa Cruz
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Description
Mountain Elementary School District continues to service general obligation bonds with a principal balance of $2,140,000, with annual payments of $94,406 managed through property taxes collected by the County of Santa Cruz. The debt obligation term extends for 25 years.
Contract Details
Contract Amount
2,140,000
Vendor
COUNTY OF SC
Agency
Mountain Elementary, CA
Contract Type
FINANCIAL_SERVICES
Document Date
March 12, 2024
Contract Term
25 years
Renewal Date
2048-06-30
Renewal Info
No new long-term debts incurred since last report. Annual payments remain constant at $94,406 through 2025-26. Funding provided by property tax collections by the county.
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