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CSD - Finance Committee Meeting - May 15, 2025

Centennial School DistrictFriday, May 16, 2025
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Refinancing of 2017 series A, B, and D bonds

Refinancing of 2018 bonds

Analysis of municipal market volatility and trends

Federal Reserve rate cut projections

Review of district debt service and budget impact

2024-2025 budget revenue update

ESSER grant close-out impacts

Full Document Analysis

Votes (2)

Approval of the May 15th agenda

ApprovedN/A

Moved by Unspecified · Seconded by Unspecified

Approval of previous meeting minutes

ApprovedN/A

Moved by Unspecified · Seconded by Unspecified

Notable Quotes (2)

The only certain is the uncertain.

— Tim Care
Market VolatilityDiscussion on market volatility and predicting interest rates.

If we were to be able to go and refinance today, these savings might be closer to 78 $900,000.

— Garrett Moore
Budget/SavingsDiscussing conservative estimates for potential bond savings.

People (3)

TomUnspecified Board Official

Coordinates board updates and leads the meeting discussion on financing.

1 quote

“The 2017 is something that we think we'll be able to do in September or complete September. The 2018 would be I think in February.”

Discussing the timeline for upcoming bond refinancings.

Garrett MooreFinancial Advisor

Presents financial modeling and market analysis to the board.

1 quote

“This plan, if you will, is really just a copy and paste from last year.”

Describing the methodology for the current refinancing proposal.

Tim CareUnderwriter

Provides analysis on municipal market movements and rate risks.

1 quote

“The parameters in this market have just have really proven their worth.”

Explaining the importance of setting financial parameters during volatile market conditions.

Places Mentioned

School District Finance Committee Office

Events & Meetings (5)

  • May 15: Board Meeting
  • June 12: Authorization to proceed meeting
  • June 24: Committee of the Whole (Parameters resolution)
  • August (Mid): Target pricing date for 2017 bonds
  • February (Following Year): Targeted refinancing for 2018 bonds
Transcript