Debt Transparancy
Policy CFA(LEGAL):
Annual Local Debt Report
A district shall annually compile and report certain financial information (“Annual Local Debt Report”) in the manner prescribed by Local Government Code 140.008 and 34 Administrative Code 10.1–.6. Local Gov’t Code 140.008(b); 34 TAC 10.2(a) The Annual Local Debt Report must include the following financial information: 1. Regarding total authorized debt obligations: a. The amount of all authorized debt obligations; b. The principal of all outstanding debt obligations; c. The combined principal and interest required to pay all outstanding debt obligations on time and in full; d. The amount of all authorized debt obligations secured by property taxes; e. The principal of all outstanding debt obligations secured by property taxes; f. The combined principal and interest required to pay all outstanding debt obligations secured by property taxes on time and in full; g. The amount of all authorized debt obligations secured by property taxes expressed as a per capita amount; h. The principal of all outstanding debt obligations secured by property taxes expressed as a per capita amount; i. The combined principal and interest required to pay all outstanding debt obligations on time and in full for all obligations secured by property taxes expressed as a per capita amount; and j. The current credit rating on total debt obligations given by any nationally recognized credit rating organization. 2. Regarding each authorized debt obligation: a. The principal of each outstanding debt;