Acton-Boxborough Regional School District Notes to Basic Financial Statements Year Ended June 30, 2024
Details related to the District’s outstanding indebtedness at June 30, 2024, and the debt service requirements are as follows:
Original Loan
Interest
Outstanding at June 30,
Maturities
Rate (%)
Project
Through Amount
2024
GOB Refunding 2014, Original 2005 (SHS)… 2025 $ 10,330,900
4.00 $ 1,227,000
3,064,100 1,050,000
4.00 2.00
338,000 420,000 3,720,000
GOB Refunding 2014, Original 2004 (JHS)…… 2025 GOB Tax exempt Bonds Series B …………… 2028 GOB Capital Improvements…......................... 2050
6,220,000 5.00
GOB Elementary/Early Childhood…............... 2050 69,955,000 2.00 - 5.00 64,580,000 Total Bonds Payable…………….…………………………………………………… 70,285,000 Add: Unamortized premium on bonds…………………………………………………… 4,623,322 Total Bonds Payable, net…………….…………………………………………………$ 74,908,322 Debt service requirements for principal and interest for bonds payable in future years are as follows:
Year
Principal
Interest
Total
2025……………$ 3,785,000 $ 2,206,356 $ 5,991,356 2026…………… 2,295,000 2,035,905 4,330,905 2027…………… 2,375,000 1,924,253 4,299,253 2028…………… 2,455,000 1,808,468 4,263,468 2029…………… 2,440,000 1,689,788 4,129,788 2030…………… 2,530,000 1,567,787 4,097,787 2031…………… 2,005,000 1,441,288 3,446,288 2032…………… 2,105,000 1,341,037 3,446,037 2033…………… 2,210,000 1,235,788 3,445,788 2034…………… 2,320,000 1,125,287 3,445,287 2035…………… 2,390,000 1,055,688 3,445,688 2036…………… 2,465,000 983,987 3,448,987 2037…………… 2,510,000 934,688 3,444,688 2038…………… 2,560,000 884,487 3,444,487 2039…………… 2,615,000 833,288 3,448,288 2040…………… 2,665,000 780,987 3,445,987 2041…………… 2,745,000 701,038 3,446,038 2042…………… 2,830,000 618,687 3,448,687 2043…………… 2,890,000 558,550 3,448,550 2044…………… 2,950,000 497,138 3,447,138 2045…………… 3,015,000 430,762 3,445,762 2046…………… 3,085,000 362,925 3,447,925 2047…………… 3,155,000 293,513 3,448,513 2048…………… 3,225,000 222,526 3,447,526 2049…………… 3,295,000 149,962 3,444,962 2050…………… 3,370,000 75,825 3,445,825
Total……………$ 70,285,000 $ 25,760,008$ 96,045,008
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