The Whitman-Hanson Regional School District Transparency Project

The FY24 split is 61.06% Whitman, 38.94% Hanson. I would guess 62% of the debt for the high school project. Also, the $500K BAN borrowed on the Whitman Middle School feasibility study will require a principal paydown in FY25. We should have a quick meeting to decide what you want to do with that when things slow down. A budget holding amount would be $166,667 for principal plus whatever the interest you think would be appropriate based on your outlook on rates. The BAN was for $500K, and we didn't pay back anything for the first two years, so this is the principal paydown: FY23 Year 1 - no paydown FY24 Year 2 - no paydown FY25 Year 3 - $166,667 FY26 Year 4 - $166,667 FY27 Year 5 - $166,666 Total BAN Paydowns: $500,000 There are some funding options to consider if the WMS project passes. There aren't many options to this paydown schedule if it doesn't. I hope this helps. Thanks! John F. Stanbrook Director of Business and Finance Whitman-Hanson Regional School District 610 Franklin Street Whitman, MA 02382 781-618-7417 john.stanbrook@whrsd.org On Wed, Nov 1, 2023 at 11:36 AM Lytle.Kenneth <KLytle@whitman-ma.gov> wrote: Hi John, I’m submitting my budget for FY25 to the town administrator and wanted to know what I should use as Whitman’s % of enrollment for our share of the high school debt project?