Debt Service Obligations


Grand Valley State University

Debt Service Obligations as of June 30, 2024

Debt Service Obligation

Detailed by Project

Total
Outstanding
Debt
6/30/24

Anticipated
FY24-25
Payment

Outstanding
After FY25
Payment

General Revenue Refunding Variable Rate Demand Bonds, Series 2008B

Refunding and extinguishment of previous bonds 

     21,530,000

      2,320,000

      19,210,000

General Revenue Bonds, Series 2014A

Construction of a classroom and laboratory building, a building for the relocation of the University's bookstore and printing activities and an addition to Au Sable Hall. 

     26,880,000

      1,510,000

      25,370,000

General Revenue Refunding Bonds, Series 2014B

Refunding of previous bonds 

    29,760,000

      3,010,000

      26,750,000

General Revenue Bonds, Series 2015A

Construction of a student housing and academic building 

     20,815,000

      1,305,000

      19,510,000

General Revenue Refunding Bonds, Series 2016A

Refunding of previous bonds 

     48,910,000

      3,730,000

      45,180,000

General Revenue Bonds, Series 2017

Construction of an academic building and refunding of previous bonds 

     18,530,000

         965,000

      17,565,000

General Revenue Bonds, Series 2018

Construction of an academic building and related parking structure 

     37,130,000

      1,470,000

      35,660,000

         

Total

 

$203,555,000

$14,310,000

$189,245,000

For further details, please see the annual financial reports



Page last modified July 18, 2024