Area February 22, 2012 THE VILLADOM TIMES II • Page 11 Irish tenor Ciaran Sheehan and singer Kimilee Bryant will perform a concert of Irish music on Friday, March 16 at 7:30 p.m. at Our Lady of Mount Carmel Church, Irish music concert features Ciaran Sheehan 1 Passaic Street in Ridgewood. The concert, which is being jointly sponsored with The Academy of Our Lady in Glen Rock, will include Sheehan’s The Wyckoff School District will save $1,062,364 in debt service over the next 14 years, following better-than-expected results in refunding of $9.095 million in 2005 bonds issued through the Bergen County Improvement Authority. According to Phoenix Advisors, LLC, the district’s financial advisor, the successful refunding comes at the same time the district opted to take advantage of highly favorable interest rates, and an affirmation of its AA+ bond rating by Standard & Poor’s, which cited the district’s stability and efforts to maintain a conservative fund balance. The refunding trimmed the average interest rate on outstanding bonds from five percent to two percent, yielding a stable flow of savings that will average approximately $75,000 per year. The refunding is expected to close on March 1. “Taxpayers should take heart that the district is doing everything possible to find savings and keep taxes stable,” said Schools will save $1M; AA+ S&P rating retained Wyckoff School Business Administrator/Board Secretary Alan C. Reiffe. “The results of this refunding exceed our expectations, showing that the markets see good things happening here.” Standard & Poor’s noted that the district experienced two straight years of general fund surpluses, including a $1.15 million surplus equal to 3.4 percent of the budget in fiscal 2011. Rating agencies consider maintenance of a healthy fund balance a key indicator of overall financial health, as it shows a district or municipality’s ability to absorb an unexpected event. S&P also noted that Wyckoff voters approved three of the last four school budgets and that the township’s total assessed value increased slightly in the midst of a difficult economy. These factors are considered important because Wyckoff’s K-8 school budget is supported almost entirely by local property tax payers, with approximately one percent of revenues coming from state aid. Kimilee Bryant and Ciaran Sheehan friends Gabriel Donohue, Heather MartinBixler, and the Strings of Tara, as they perform a mixture of timeless Irish classics and moving inspirational favorites. Sheehan, an accomplished singer and celebrated Broadway star, has performed in “Les Miserables,” in the role of Raoul and as The Phantom in “Phantom of the Opera.” He has sold out Carnegie Hall. Bryant has performed the role of Christine in “The Phantom of the Opera” on Broadway and in Switzerland and Toronto. Advance tickets may be purchased for $45 at Academy of Our Lady, 180 Rodney Street in Glen Rock, (201) 445-0622; Irish Eyes, 162 Westwood Avenue in Westwood, (201) 445-8585; Saint Catharine’s Church Rectory, 905 South Maple Avenue in Glen Rock, (201) 445-3703; and Our Lady of Mount Carmel Church Rectory, 1 Passaic Street in Ridgewood, (201) 444-2000. For further information, visit academyofourlady.org.