Debt Service Policy 210.08

Johnson County Community College
Series: 200 Administrative Services
Section: Accounting and Auditing

It shall be the policy of Johnson County Community College to manage its financial affairs in a manner which will help secure a high quality bond rating. The objective of this policy is to maintain the college’s ability to incur present and future debt, at minimal interest rates, in amounts needed, without endangering the college’s ability to finance essential services. Recognizing that there are different debt financing methods, alternative sources of capital funding will be explored before debt is issued.

Date of Adoption: 07/07/1994