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CONTINUING DISCLOSURE UNDERTAKING
DISSEMINATION INFORMATION COVER SHEET
FISCAL YEAR ENDED JUNE 30, 2020

REVISED
ANNUAL FINANCIAL INFORMATION, AUDITED FINANCIAL STATEMENTS AND
INFORMATION INCLUDED BY REFERENCE

Issuer Name: Township High School District Number 227
Cook County, Illinois
(Rich) (the “District”)

Description and dated date of issue(s) for See page 2
which dissemination of information is
required:

INFORMATION PROVIDED RELATED TO ALL SECURITIES ISSUED BY THE ISSUER

I hereby represent that I am authorized by the issuer or its agent to distribute this information publicly:

Signature: /s/ Robert E. Lewis III

Name and Title: Robert E. Lewis III, Senior Vice President, Managing Director
Employer: PMA Securities, LLC
th
Address: 2135 CityGate Lane, 7 Floor
City, State Zip Code: Naperville, IL 60563
Telephone: 630-657-6445

TABLE OF CONTENTS

Summary of Outstanding Debt ............................................................................................................................................ 2
Enrollments .......................................................................................................................................................................... 2
Trend of Equalized Assessed Valuation .............................................................................................................................. 3
Tax Rates ............................................................................................................................................................................. 3
Tax Extensions and Collections ........................................................................................................................................... 4
Combined Educational Fund and Operations and Maintenance Fund Revenue Sources ..................................................... 4
Combined Statement of Funds ............................................................................................................................................. 4
Summary of Operating Funds and Debt Service Fund......................................................................................................... 5
On-Behalf Payments Summary ............................................................................................................................................ 6
Future Financing .................................................................................................................................................................. 6
School District Financial Profile .......................................................................................................................................... 6
Budget, Fiscal Year Ending June 30, 2021 .......................................................................................................................... 6
Debt Statement ..................................................................................................................................................................... 7
Debt Ratios .......................................................................................................................................................................... 7
Debt Repayment Schedule (Principal Only) ........................................................................................................................ 8
Debt Repayment Schedule (Principal & Interest) ................................................................................................................ 9
Alternate Revenue Bonds (Principal Only)........................................................................................................................ 10
Alternate Revenue Bonds (Debt Service Coverage) .......................................................................................................... 11
Debt Service Extension Base ............................................................................................................................................. 12
Potential Impact of COVID-19 .......................................................................................................................................... 13

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