Michigan school district voted bonds program series
The Baker Tilly Michigan school district voted bonds program series assists district leaders in multiple ways and covers a number of topics, including election timing, working group members, timetables, bond millage calculations, financial strategies, ballot language items, as well as other areas. The program has been separated into three sections, each with its own presentation.
It is an honor to serve Michigan school districts and we are pleased to share the recorded versions of the presentations with valuable information for Michigan public schools, available below.
Section 1 – Overview of voted bonds
This presentation defines and provides an overview of a Michigan school district voted bond issue and how it operates. Topics covered include allowable and non-allowable bond expenditures, basic capital planning, bond millage calculations, restrictions, working groups and available election dates.
Section 2 – Voted bonds financial strategies
This session provides an explanation of some voted bonds financial strategies and how they operate. Topics include completing multiple bond sales within one proposal (“bond series”), capitalized interest and long-term capital planning. View this presentation to gain a better understanding of the math as well as the advantages and disadvantages of these strategies.
Section 3 – Financial communications
This presentation provides an understanding of financial items within voted bonds projects. Topics include understanding the financial aspects of the ballot language, example Frequently Asked Questions (FAQs) and millage calculator alternatives.
Additional video resources
The State's role in funding schools
This presentation provides an overview of Proposal A for Michigan schools - what it is, the goals, how it works and where Proposal A stands today. Watch this video recording featuring our public education specialist, Maria A. Gistinger, CPA, PhD, as she covers these items and more to help district leaders better understand Proposal A and how it has affected school district funding in Michigan.
Understanding municipal bond sale math
The cost of borrowing incurred on municipal bond sales can change significantly depending on the bond pricing strategy implemented. In this instructional video, we review the key elements of municipal bond sale math, including the optimal redemption date/call date, coupon, yield, yield to maturity and other items. Watch this on-demand presentation to understand bond sale math and be ready for your next bond sale.
For more information, or to learn how Baker Tilly’s Michigan school districts specialists can help, contact our team.
