Debt/Unfunded Pension Liability
The QV debt is somewhere between $60m and $67m as recent bond offering statements show. It is a bit confusing to us and we plan to ask the School representatives to clarify this for us. With pension and other liabilities, as stated on p. xi of the 2019 audit, QV’s “debt obligations (including accrued compensated absences, net pension liability, and net OPEB liability) total $145,170,545. Additional information can be found in notes to financial statements on page 27” of the 2019 audit report attached.