General Obligation Bonds
Traditionally, the role of the financial advisor has been a relatively narrow one that is limited to responding to specific client requests to process individual bond financings. These services might include:
- Canvassing bond election results
- Computing a bond repayment schedule
- Drafting an official statement (or offering prospectus)
- Applying for a credit rating
- Accepting interest rate bids and closing the bond issue
These are certainly important activities to insure the legal issuance of debt. Flawless execution of the above processing steps remains a critical function of a financial advisor. However, a key question to consider is whether this scope of service is all that a school district needs or can reasonably expect? Is this the extent of value that a financial advisor has to offer?