Multimedia
Michigan school district voted bonds program series
April 30, 2021 · Authored by Jesse Nelson
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.
