Debt Service
A number of outlays of governmental funds are not properly classified as expenditures, but still require budgetary or accounting control. These include debt service payments (principal and interest) and certain transfers of monies from one fund to another. These accounts are not used with proprietary funds. Include payments for both principal and interest that service the debt of the LEA. Include only those funds appropriated to and paid by the School Board.
Budget Summary
Notable Changes
Enterprise Resource Planning (ERP) System capital lease was retired resulting in debt service savings of $327k.