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LONG-TERM OBLIGATIONS Bonds, notes and capital leases are recorded as liabilities on the statement of net position. Bond issue costs and premiums are expensed in the period they are incurred. Bonds payable are reported net of the applicable bond premium or discount. Interest costs are expensed during the construction period.
Presented in: Board of Directors Regular Meeting - 2026-01-22 on 2026-01-22
Official Roll-Call Vote
Restrains Gov't • 9.2/10 Impact Weight
PASSED (8 - 0)
“Motion to approve item 11: LONG-TERM OBLIGATIONS Bonds, notes and capital leases are recorded as liabilities on the statement of net position. Bond issue costs and premiums are expensed in the period they are incurred. Bonds ”
PK
Pamela Kraft
Board President
YES
CP
Cheryl Patterson
Vice-President
YES
AV
Andrea Velasquez
Director, Place 1 (Place 1)
YES
BR
Ben Raska
Director, Place 2 (Place 2)
YES
JT
Jamie Trant
Director, Place 3 (Place 3)
YES
JB
Joseph Benavides
Director, Place 4 (Place 4)
YES
NR
Nick Reininger
Director, Place 5 (Place 5)
YES
LU
Louis Upton
Board President
YES
Staff Report & Agenda Item Details
LONG-TERM OBLIGATIONS Bonds, notes and capital leases are recorded as liabilities on the statement of net position. Bond issue costs and premiums are expensed in the period they are incurred. Bonds payable are reported net of the applicable bond premium or discount. Interest costs are expensed during the construction period.
Bastiat Liberty & Property Rights Analysis
This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 9.2/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.