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Billings Public Schools $2,000,000 Elementary QZAB $2,420,000 Elementary QSCB $7,580,000 High School QSCB September 27, 2010 – School Board Meeting. Bridget Ekstrom Vice President 402 East Main Street Suite 202 Bozeman, MT 59715 Phone: (406) 556-6965 E-mail: bekstrom@dadco.com.
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Billings Public Schools$2,000,000 Elementary QZAB$2,420,000 Elementary QSCB$7,580,000 High School QSCBSeptember 27, 2010 – School Board Meeting Bridget Ekstrom Vice President 402 East Main Street Suite 202 Bozeman, MT 59715 Phone: (406) 556-6965 E-mail: bekstrom@dadco.com
Estimated Sources of FundsElementary District QZABs Building Fund ♦for purposes of paying Project Costs♦ Debt Service Fund ♦for purposes of repaying principal & interest on the Bonds♦ $811,241.00 22.25% $1,646,111.11 45.15% $456,250.00 12.51% $2,000,000 $732,509.00 20.09% The outer layer represents possible investment earnings the Elementary District may earn in the Building Fund. *Represents investment earnings on the Sinking Fund.
Estimated Sources of FundsElementary District QSCBs Building Fund ♦for purposes of paying Project Costs♦ Debt Service Fund ♦for purposes of repaying principal & interest on the Bonds♦ $981,601.00 22.25% $1,991,794.44 45.15% $552,063.00 12.51% $2,420,000 $886,336.00 20.09% The outer layer represents possible investment earnings the Elementary District may earn in the Building Fund. *Represents investment earnings on the Sinking Fund.
Estimated Sources of FundsHigh School District QSCBs Building Fund ♦for purposes of paying Project Costs♦ Debt Service Fund ♦for purposes of repaying principal & interest on the Bonds♦ $3,583,038.00 25.93% $6,238,761.11 45.15% $1,729,188.00 12.51% $7,580,000 $2,267,775.00 16.41% The outer layer represents possible investment earnings the High School District may earn in the Building Fund. *Represents investment earnings on the Sinking Fund.