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<blockquote data-quote="TechPhi97" data-source="post: 998533" data-attributes="member: 158"><p>[URL unfurl="true"]https://knightnewhousedata.org/home[/URL]</p><p></p><p>That is for the base debt and debt service numbers, and then I did some fancy math in Excel to look at the ratios. I used the Athletic Association's financial report from GT to fill in the blanks in my head. I think the way we've been financing these things it that we've got a commitment for a particular $$ amount (probably as a % of cost) before we start the projects, but those commitments typically show up as balance sheet entries as money is actually donated. I think we have floated bonds for the entire amount (or a majority) and then we use those committed donations / endowments to pay that down. If you look at our debt service vs. outstanding debt, we've got a pretty great rate on borrowings, and I imagine the endowments that grow through the Foundation are growing at a better annual rate than our debt interest. </p><p></p><p>I'm just reading the tea leaves, but it feels like we're in a solid position.</p></blockquote><p></p>
[QUOTE="TechPhi97, post: 998533, member: 158"] [URL unfurl="true"]https://knightnewhousedata.org/home[/URL] That is for the base debt and debt service numbers, and then I did some fancy math in Excel to look at the ratios. I used the Athletic Association's financial report from GT to fill in the blanks in my head. I think the way we've been financing these things it that we've got a commitment for a particular $$ amount (probably as a % of cost) before we start the projects, but those commitments typically show up as balance sheet entries as money is actually donated. I think we have floated bonds for the entire amount (or a majority) and then we use those committed donations / endowments to pay that down. If you look at our debt service vs. outstanding debt, we've got a pretty great rate on borrowings, and I imagine the endowments that grow through the Foundation are growing at a better annual rate than our debt interest. I'm just reading the tea leaves, but it feels like we're in a solid position. [/QUOTE]
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