001and then for the school improvement bonds that passed in 2016 again that was passed for 15 million dollars the projected tax rate at the time was cents we had a bond sale in march of 2017. we sold those laws with a double a bond rating because we had clean audits and we had financial excellent financial oversight because we had an excellent financial oversight world the district's only obligated to pay back 13 million 920 000 of the 15 million dollars that we sold so basically overall the bond sale was a really big success and here is what was in the bond pamphlet itself it shows how we're going to spin the bond in each one of the areas reconstruction renovation construction acquisitions we're going to spend 9.4 million pupil transportation 2.2 million dollars and technology furniture
002and equipment we're going to spend 3.4 million and again we estimated the tax rate was going to be about 47 cents on a 100 000 home it was going to be 47.68 a year the tax rate for 2021 is set at 46 cents so that's pretty close to what we told the homeowners it was going to be so we're pretty spot-on to what we told the homeowners our tax rate was going to be this is what the actual cost was renovation construction um acquisitions 9.4 million dollars in actual cost was nine a little over 9.89 pupil transportation we budgeted 2.2 million dollars was pretty spot on almost 2.2 million and then in technology and furniture and equipment in miscellaneous school furnishings we had 3.4 million we spent almost 3 million dollars in that area premium
003funds we received 28 000 and then in interest earned we had 64 so we actually had a little over 15 million dollars to spend in the bond 15 million ninety-three thousand dollars to spend we spent all the dollars of fifteen million nine three thousand dollars and we currently do not have any monies left we have we have an outstanding appeal right now to purchase the rest of the laptops that we have and that's the area of technology that's how i felt the last week so do you have any questions thank you brenda thank you appreciate that information it kind of sounds like we're going to be out of money next year yes for bonds all right anything else that we need to discuss in this public hearing i'm not going to have a motion to
004close the public hearing for the checkup segment from partner all in favor of closing this public hearing thank you thank you we'll reconvene in about a minute with a pledge of allegiance