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SBCSC Debt

South Bend Community School Corporation Debt

Total Outstanding Debt *** $89,689,266 ***

Carrying so much debt they will have to pay $ 16,175,766 this year in debt service.

Only $     1,570,168 goes towards principal
         $       633,373 goes towards interest
         $ 13,409,000 goes towards leases
         $       563,225 goes to Textbook Reimbursements

Proper financial management would keep Debt amounts low so the funds could go towards other things.

​Would you have liked this amount to go towards teacher salaries instead?

Link to Debt Report

Source: gateway.ifionline.org as of 5/31/2020
South Bend Community School Corporation Debt
South Bend Community School Corporation Debt
Pension Fund Account 0186
Principal of Debt                 $ 2,925,000
Interest on Debt                  $    224,474
                                               $  3,149,474

Source: gateway.ifionline.org as of 5/31/2020

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  • Home
    • Contact
  • About
  • Blog
  • SBCSC Summary
    • South Bend School Corporation Revenue
    • South Bend Community School Corporation Expenses
    • South Bend Community School Corporation Debt
    • South Bend Community School Corporation Charts
  • Budget Tutorial Contents
    • South Bend Budget Dates for 2019 >
      • Glossary of Budget Words
      • City of South Bend Organizational Chart
      • City of South Bend Financial Policies
      • City of South Bend Consolidated Financial Schedules Budget
      • City of South Bend Capital and Dept Budget
      • City of South Bend Personnel Summaries
  • Data and Gov Meeting Dates
  • Grants Budget Menu
  • Capital Budget Menu
  • Bond Budget Menu
  • South Bend Common Council Committees
  • Cost of a Shooting in St Joseph County and South Bend Indiana
  • Revenue Menu
  • City of South Bend Detailed Receipts 2017