District Bond Issues

The State of Illinois has established borrowing limits for its school districts. As of June 30, 2022, the legal debt margin for the District is show below. As shown in the table, the District still has debt capacity available.

Debt Margin 2020 Equalized Assessed Valuation 2,987,206,064$ Statutory Limitation Percentage 13.8% Legal Debt Limit $ 412,234,437 Less: Debt Applicable to Limit 128,810,191 Legal Debt Margin $ 283,424,246

On March 17, 2020 registered voters in the Barrington 220 community passed a $147 million bond referendum. The District issued general obligation bonds in 2020, 2021 and 2022. The proceeds from these bonds will be spent on capital projects at school buildings across the district. Funds will be used to improve safety and security, enhance educational spaces, update educational and community spaces for arts and athletics, and repair and renovate HVAC, electrical, plumbing, roofs, and windows.

Name of Issue Date of Issue As of 06/30/22

2020 Local Gov't Referendum Bonds 7/13/2020 61,770,531 $ 2021 G.O. Referendum Bonds 5/25/2021 88,199,975 $ 2022 G.O. Referendum Bonds 4/12/2022 23,908,174 $ 2022 Working Cash Bonds 2/22/2022 2,301,328 $ Total 176,180,009$

Paul Lazzari, 12th Ceramics & Metal Sculpture