I seek the total debt for this request's Nutley BOE effective date.
Dear Nutley Board of Education,
Please accept this electronic request for public records made under OPRA and the common law right of access. I am not required to fill out an official form or use a particular software platform to submit my request per NJSA 47:1A-6(f), which states that an email from a requestor including all of the information required on the adopted form shall suffice in place of a completed form as a valid government record request.
I WILL NOT use the requested government records for commercial purposes.
I AM NOT seeking records in connection with a legal proceeding.
Records requested:
I seek the total debt for this request's Nutley BOE effective date.
I seek the explanation of all outstanding bond debt, loans, and notes the BOE of Nutley owes.
I seek the total monthly payment on interest and principal for the outstanding debt.
I seek if there is a debt date for retirement of the debt.
I seek a list of all outstanding debts, the payments for principal, interest, and any other expenses related to the debt.
My preferred delivery method for response(s) to this request is by E-mail as attachments. Please confirm you have received this request. If you are not the custodian of records, please forward my request to that person and provide their email address to me for future reference.
Yours faithfully,
Rory Moore
The Nutley Board of Education received your OPRA request on March 7th, 2025.
In response to your request for "I seek the total debt for this
request's Nutley BOE effective date.":
Please see attached, page 51 of the Annual Comprehensive Financial
Report for the Fiscal Year Ended June 30, 2024; including details of
the outstanding General Obligation Bonds, and outstanding Advance
State Aid Payment. Note the the bond payment for Fiscal Year 2025 has
already occurred.
In response to your request for "I seek the explanation of all
outstanding bond debt, loans, and notes the BOE of Nutley owes.":
As this is a request that "ask[s] questions or seek[s] information
rather than a identifiable government record", this request is invalid
under OPRA.
In response to your request for "I seek the total monthly payment on
interest and principal for the outstanding debt.":
As the General Obligation Bonds have an annual maturity payment, and
the Advance State Aid Payment will be deducted from future State Aid,
there is no monthly payment. Please see Exhibit I-1 of the Annual
Comprehensive Financial Report for the Fiscal Year Ended June 30, 2024
for the maturity dates of the General Obligation Bonds. State Aid
deductions for the Advance State Aid Payment will begin in the 2026
Fiscal Year.
In response to your request for "I seek if there is a debt date for
retirement of the debt.":
Series 2022 Refunding Bonds final maturity is 8/15/2029.
Series 2015 Refunding Bonds final maturity is 7/15/2032.
Advance State Aid Payment deductions are currently scheduled to end in
Fiscal Year 2035.
See both page 51 and Exhibit I-1 of the Annual Comprehensive Financial
Report for the Fiscal Year Ended June 30, 2024 for details.
In response to your request for "I seek a list of all outstanding
debts, the payments for principal, interest, and any other expenses
related to the debt.":
Please see attached, page 51 of the Annual Comprehensive Financial
Report for the Fiscal Year Ended June 30, 2024; including details of
the outstanding General Obligation Bonds, and outstanding Advance
State Aid Payment. Note the the bond payment for Fiscal Year 2025 has
already occurred.
Note the the complete Annual Comprehensive Financial Report for the
Fiscal Year Ended June 30, 2024 document is available at:
https://boe.nutleyschools.org/boe/budget...
Your OPRA request is now complete.