Financial Transparency
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 debt obligation as of June 30, 2019.

 

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, 2019.


Balance

June 30, 2018

Issued and

Additions

Refunded and 

Retired

Balance

June 30, 2019

General obligation bonds 144,307,518   (5,727,660) 138,579,858
Premiums on bonds 9,516,517   -    (525,678) 8,990,839
Total debt payable - principal 153,824,035 -  
(6,253,338) 147,570,697
Accrued compensated absence *   -      -      -      -   
Capital leases payable   -      -      -      -   
Accretion on capital appreciation bonds
2,273,968   71,067 (1,017,340) 1,327,695
 2,273,968  71,067    (1,017,340) 1,327,695
Government activity long-term liabilities  156,098,003 71, 067 (7,270,678) 148,898,392

* 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

Tax Supported Debt Trand

 

REVENUE-SUPPORTED DEBT TREND

Revenue Supported Debt

 


INFLATION ADJUSTED TAX-SUPPORTED DEBT PER STUDENT TREND

Inflation Tax Supported Debt

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

published by the Bureau of Labor Statistics (BLS).


OUTSTANDING BONDS PAYABLE