Wheaton-Warrenville CUSD 200 – debt obligations

Existing Obligation

$559,167,527   TRS Unfunded Liability, state share
$   13,786,130   TRS Unfunded Liability, district share
$     9,266,026    IMRF Unfunded Liability
$198,845,494    Existing Bond Debt Service
$781,065,177    Total Existing Obligations

If 2017 Referendum Successful
$206,144,941   Referendum Bond Debt Service
$987,210,118   Total Obligations if Referendum Successful

Notes:

  • TRS is the teacher & administrator pension system.
  • The state share of the TRS unfunded liability is a state obligation on behalf of the district.
  • A primary source of state revenues is state income taxes.
  • IMRF is the pension system for employees other than teachers and certified administrators.
  • An unfunded liability is the amount taxpayers owe to the pension fund.
  • Bond debt service is principal and interest payments from the school district to bondholders.
  • There are additional existing obligations not listed.
  • Source of existing obligations is CUSD 200 FY 2016 Audit Report.
  • Source of Referendum Bond Debt Service is district website.

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