Meridian School District #505 · Fund #300 · Debt Service
Meridian SD #505 Bond Debt Service Fund
Meridian School District #505 Bond Debt Service Fund accounts for the principal and interest payments on the District's outstanding general-obligation bonds. Funded by a voter-approved excess property-tax levy under WA ...
ActiveDebt ServiceMeridian School District #505
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About this fund
Meridian School District #505 Bond Debt Service Fund accounts for the principal and interest payments on the District's outstanding general-obligation bonds. Funded by a voter-approved excess property-tax levy under WA Constitution Art. VIII §6 and RCW 28A.530.
The bond levy line on tax bills ("MERIDIAN SCHOOL #505 — Bond") is dedicated to bond repayment. Bond ballot measures require 60% supermajority approval and a minimum 40% turnout (the "validation requirement").
Authorization
The legal basis for the fund.
RCW citation: RCW 28A.530 (school bonds); WA Constitution Art. VIII §6
Multi-year balance ledger
Year-by-year revenue, spending, and ending balance from the city's budget and CAFRs.
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Outstanding debt
Active bond and loan obligations managed by the Whatcom County Treasurer for this jurisdiction. Source: quarterly Treasurer Debt Portfolio (auto-refreshed when published).
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Where the money goes
Top spending categories from documented budget line items.
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Where the money went
Actual outflows from the City's vendor-payment ledger — every payment with recipient, project, and line description, presented unfiltered. Categorical "Where the money goes" shows the budgeted intent; this section shows the real disbursements.
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Revenue mix
Every documented inflow into this fund. By default the mix uses each source's most recent year (which means percentages mix years). Pick a single year to see strictly comparable percentages.
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Discussed in meetings
Real Briefings that mention this fund.
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Methodology note
Real Record tracks bond debt service separately from operating and capital funds. Bond rate adjusts annually based on outstanding principal and assessed-value totals.