The Whitman-Hanson Regional School District Transparency Project

• Do you have the Whitman / Hanson student % that we should use to allocate the FY25 debt payment? Thank you! Ken From: John Stanbrook <john.stanbrook@whrsd.org> Sent: Monday, November 13, 2023 1:47 PM To: Lytle.Kenneth <KLytle@whitman-ma.gov> Cc: John Stanbrook <john.stanbrook@whrsd.org> Subject: Re: FY25 debt payment NOTICE: EXTERNAL E-MAIL This message originated outside of the Town of Whitman E-Mail system -- PLEASE DO NOT CLICK on links or open attachments unless you are sure the content is safe. - Technology Services Hi, Ken. I'm sorry that I am just getting back to you now. I lost your e-mail in the torrent that I get every day. The $500,000 BAN will be paid back in June of 24. The authorization is for $850,000, and we have received $398,601 so far from the MSBA. So the new BAN amount (taken out in June 24) only has to be for $850,000-$398,601 = $451,399.00 I have a pending MSBA reimbursable amount of $50,068. Assuming we get that, the new BAN amount will only have to be for $401,331.00 ($451,399-$50,068) There is $32,987.30 left in the budget for the project. Assuming that they spend it all and submit for reimbursement and get it, that would be another $18,245 in reimbursement. The new final BAN amount would be $401,331-$18,245 or $383,086.00. The payoff schedule would be as follows: FY23 Year 1 - no paydown FY24 Year 2 - no paydown FY25 Year 3 - $49,754 FY26 Year 4 - $166,666 FY27 Year 5 - $166,666 Total BAN Paydowns: $383,086.00.