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117 <br /> INFORMATIONAL SECTION Page 123 <br /> Debt Obligations and Changes <br /> The District maintains a very healthy financial obligation position by incurring low amounts of <br /> debt only when necessary. During FY 2024 the continuation of an installment purchase from <br /> Trinity 3 Holdings, LLC to provide each of our secondary students with Chromebooks resulted <br /> in the final payment of this obligation. This was a 4-year agreement totaling $3.44 million. The <br /> only remaining debt obligation as of June 30, 2025 was related to a financing contract with the <br /> State of North Carolina for the purchase of school buses. As of June 30, 2025, the District's total <br /> debt obligation for the buses purchased was $493,263. <br /> Year Ended June 30 Installment Purchases Total Debt Obligations Per Capita <br /> 2025 $ 493,263 $ 493,263 N/A <br /> 2024 134,332 134,332 0.88 <br /> 2023 885,709 885,709 5.88 <br /> 2022 1,767,560 1,767,560 11.75 <br /> 2021 2,621,784 2,621,784 17.61 <br /> 2020 194,468 194,468 1.30 <br /> 2019 344,995 344,995 2.32 <br /> 2018 362,825 362,825 2.48 <br /> 2017 167,778 167,778 1.16 <br /> 2016 597,416 597,416 4.21 <br /> Source:FY 2024-5 Chapel Hill-Carrboro City Board of Education,North Carolina,Annual Comprehensive Financial Report <br /> Note:This table is a ten-year schedule.However,current year county level annual population estimates are not released by the U.S. <br /> Census Bureau until the spring of the following year. Therefore,June 30, 2025 population-based information will be shown above as <br /> "N/A",and the information will be reported for the year ended June 30, 2024,if applicable. <br /> Fffmrza�� <br /> Chapel Hill—Carrboro City Schools—FY 2026-27 Superintendent's Budget Request ffr <br />