Business Services
Business Services
Contact Information:
1221 East Kingsbury St
Seguin, Texas 78155
Fax: (830) 379-3689

Debt Obligation


The Seguin ISD Business Department is responsible for preparing financial reports and debt information that promote transparency and accountability.

The information below shows deb obligation as of Jun 30, 2017.

 

DEBT INFORMATION SUMMARY 


Tax-supported bonds are payable solely from future revenues of the Debt Service Fund. The Debt Service Fund accounts for the resources accumulated and payments made for principal and interest on long-term general obligation debt of governmental funds.  The primary revenue source is local ad valorem property taxes levied specifically for debt service.  Revenue-supported bonds are payable from revenues of the General Fund.  The General Fund accounts for revenues from local maintenance taxes (M&O), other local sources, foundation entitlements, and other Foundation School Program sources.

 

The following is a summary of changes in long-term debt for the year ended June 30, 2017.


Balance

June 30, 2017

Issued and

Additions

Refunded and 

Retired

Balance

June 30, 2017

General obligation bonds 145,008,283 10,000,000 (5,149,928) 149,858,355
Premiums on bonds 10,567,872   -    (525,678) 10,042,194
Total debt payable - principal 155,576,155 10,000,000
(5,675,606) 159,900,549
Accrued compensated absence *   -      -      -      -   
Capital leases payable   -      -      -      -   
Accretion on capital appreciation bonds
3,261,295   -    (357,747) 2,903,548
 3,261,295   -    (357,747)  2,903,548
Government activity long-term liabilities  158,837,450 10,000,000 (6,033,353) 162,804,097

* The estimated liability to the District is not considered to be material to the financial statements and is not recorded. See Note Assets, Deferred Outflows of Resources, Liabilities, Deferred Inflows of Resources and Net Position or Equity of the District's Comprehensive Annual Financial Report for disclosures regarding Accumulated Sick Leave Liability p.25

DEBT INFORMATION


TAX-SUPPORTED DEBT TREND


 

REVENUE-SUPPORTED DEBT TREND



INFLATION ADJUSTED TAX-SUPPORTED DEBT PER STUDENT TREND

Note:  The inflation adjustment above uses inflation adjustment by Consumer Price Index (CPI)

published by the Bureau of Labor Statistics (BLS).

OUTSTANDING BONDS PAYABLE