Daytona Beach, FL, City of
|
|
- Ursula Andra Preston
- 5 years ago
- Views:
Transcription
1 Daytona Beach, FL, City of 1 City of Daytona Beach, Florida General Obligation Refunding Bonds, Series 2012, $18,810,000 Dated: May 15, City of Daytona Beach, Florida Capital Improvement Revenue Bonds, Series 2011A, $33,460,000; Capital Improvement Revenue Bonds, Series 2011B, $2,160,000 Dated: June 23, 2011 Series 2012-GO Assessed Value and Estimated Actual Value of Taxable Property Total Taxable Residential Commercial Industrial Agricultural Institutional Governmental Vacant Land Tangible Total Less: Tax- Assessed Total Direct Fiscal Year Ended September 30 Property Property Property Property Property Property and Other Property Market Value Exempt Property Value Tax Rate ,205,004,032 1,183,636, ,619,000 91,816, ,150, ,265, ,853, ,241,912 5,623,587,950 2,195,874,518 3,427,713, Series 2012-GO Direct and Overlapping Property Tax Rates Fiscal Daytona Beach St. Johns Year Downtown River Water Florida Inland Ponce Deleon Mosquito Total - All Daytona Development Volusia Volusia County Management Navigation Hospital Inlet and Port Control Taxing Beach Authority County School District District District District Authority District Districts Series 2012 GO Property Tax Levies and Collections Collected within the Fiscal Year of the Levy Collections in Total Collections to Date Taxes Levied Percent Subsequent Percent Year for Fiscal Year Amount of Levy Years Amount of Levy ,726,632 22,841, % 290,801 23,131, % Series 2012-GO Description of Any Material Litigation 2015 Series 2012-GO Any Other Financial Information or Operating Date Which the Issuer Determines would be Material to a Holder or Prospective Holders of the Certificates 2015
2 Pledged Tax Increment Revenues Assessed Total Assessed HBE Prime Assessed Taxable HBE Prime Area/Ocean Walk January 1 Taxable Value of Area/Ocean Walk Prime Area Tax Value of HBE Ocean Walk Prime Area Increment Prime Area Prime Area Taxable Value Revenues ,067, ,544, ,612,527 2,244,096 Millage Rate for the Main Street Redevelopment Area Fiscal Year Millage Pledged Tax Increment Revenue Debt Service Coverage 2015 Taxable Value of Existing Base Ocean Walk Prime Area $ 152,544,654 HBE Prime Area 46,067,873 Total Taxable Value of Existing Base $ 198,614,542 Millage for Main Street Redevelopment Area Total Pledged Tax Increment Revenue $ 2,244,096 Total Main Street Redevelopment Area Tax Increment Revenue $ 3,544,073 Debt Service Coverage C-1 Loan Agreement Debt Service $ 2,513,756 Total Pledged Tax Increment Revenue Debt Service Coverage 0.89 Total Main Street Redevelopment Area Tax Increment Revenue Debt Service Coverage 1.41 Legally Available Non-Ad Valorem Revenues 2015 Revenues: Taxes: Occupational License $ 990,019 Franchise tax - Public Service Tax 10,520,534 Licenses and Permits: Occupational License - Franchise tax 6,108,348 Other 84,521 Intergovernmental: Half Cent Sales Tax 3,213,470 State Revenue Sharing 2,064,089 Other 918,388 Charges for services: Indirect Services 1,504,778 Public Safety 803,856 Transportation and Parking 124,051 Recreation and Culture 224,876 Other 597,627 Fines and forfeitures 575,955 Income on investments 345,922 Other 986,064 Net Transfers to General Fund 11,671,609 Total sources of Non-Ad Valorem Revenues $ 40,734,107
3 Debt Service Schedule For Non-Ad Valorem Revenue Obligations Source Principal Final Maximum Description of Security Amount Outstanding Maturity Annual Debt Service Capital Improvement Revenue Note, Series 2009 Non-Ad Valorem Revenue 25,542,000 November 1, ,652,350 Capital Improvement Revenue Note, Series 2010 Non-Ad Valorem Revenue 7,109,400 November 1, ,700 Capital Improvement Revenue Bonds, Series 2011A Non-Ad Valorem Revenue 28,545,000 February 1, ,537,656 Capital Improvement Revenue Bonds, Series 2011B Non-Ad Valorem Revenue 940,000 February 1, ,563 Anti-Dilution Test Calculation For Non-Ad Valorem Revenue Obligations 2015 Legally Available Non-Ad Valorem Revenues for Debt Service $ 40,734,106 Cost of Essential Services not covered by Ad Valorem Revenues 23,241,769 Balance Available for Debt Service $ 17,492,337 Maximum Annual Debt Service ("MADS") on debt secured by a lien on 3,124,013 Non-Ad Valorem Revenues Coverage Ratio 5.60 General Fund Revenues and Expenses 2015 REVENUES Taxes $ 36,576,755 Licenses and Permits 6,145,928 Intergovernmental 6,250,731 Charges for Services 3,398,436 Fines and forfeitures 575,956 Income on investments 345,921 Miscellaneous 844,329 TOTAL REVENUES $ 54,138,056 EXPENDITURES Current: General Government $ 5,349,782 Public Safety 41,952,658 Transportation 7,538,539 Economic Environment 1,331,143 Culture and Recreation 3,597,862 Capital Outlay 1,748,750 Debt service - Total expenditures $ 61,518,734 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES $ (7,380,678) OTHER FINANCING SOURCES (USES) Transfers in $ 16,032,427 Transfers out (4,360,819) Debt issuance 1,004,865 Total other financing sources (uses) $ 12,676,473 BEGINNING FUND BALANCE $ 10,806,284 ENDING FUND BALANCE $ 16,102,079 Reserved Portion $ 1,546,383 Unreserved Portion $ 14,555,696
4 LIABILITIES OF THE CITY Insurance Considerations Affecting the City Fiscal Year Ending Beg Balance Changes in Estimates Claims Paid Ending Balance ,594,000 1,877,916 (2,445,916) 9,026,000 Schedule of Employer Contributions for the Florida Retirements System (000 Omitted in dollar amounts) Employer Employee Total Annual Required Percentage Fiscal Year Contributions Contributions Contributions Contribution Contributed ,438, ,865 3,125,950 2,438, % FRS Trust Fund Investment in Classes 2015 Global Equities 58.1% Fixed Income 19.8% Real Estate 8.3% Private Equity 6.0% Strategic Investments 6.9% Cash Equivalents 0.8% 100% Schedule of Funding Progress for the Florida Retirement System (000 Omitted in dollar amounts) Actuarial Actuarial Accrued UAAL As % of Actuarial Value of Liability (AAL) Unfunded ML Funded Ratio Covered Payroll Covered Payroll Valuation Date Assets (a) Entry Age (b) (UAAL) (b-a) (a/b) (c) (b-a)/c 7/1/ ,196,000 $ 165,549,000 22,353, % 32,726, % Market Value of Assets (000 Omitted in dollar amounts) Actuarial Market Accrued Funded Ratio (%) Year Value of Liability (AAL) (a/b) 2015 Assets (a) Entry Age (b) 147,972,946 $ 165,549, % Summary of Accrued and Unfunded Actuarial Liabilities for the Florida Retirement System (000 Omitted in dollar amounts Actuarial Unfunded Annualized Unfunded Actuarial Accrued Valuation Funding Ratio Actuarial Payroll (Active Actuarial Valuation Date Liabilities Assets (Assets/Liabilities) Liability (UAL) Members) Liability/Payroll 7/1/2015 $ 165,549, ,196, % $ 22,353,000 32,726, %
5 Additional Information as of the Latest Actuarial Valuation Valuation Date July 1, 2015 Actuarial cost method Ultimate entry age normal Amortization method Level percent, closed Equivalent Single amortization period 30 years Asset valuation method 5-year Smoothing period Actuarial assumptions: Investment rate of return 7.65% Salary increases 3.25% Includes inflation at 2.60% Cost-of-Living Adjustments 3.00% The Funding Progress for the Police and Fire Plan Actuarial Market Actuarial Accrued UAAL As % of Actuarial Value of Value of Liability (AAL) Unfunded AAL Funded Ratio Covered Payroll Covered Payroll Valuation Date Assets Assets (a) Entry Age (b) (UAAL) (b-a) (a/b) (c) (b-a)/c 10/1/ ,486, ,159, ,117,581 56,957,712 75% 15,577, % The Annual Pension Cost "APC" contributed to the Police and Fire Plan Annual Pension Percentage Net Pension Year Cost Contributed Obligation ,230, % City and State Contribution Amounts Employee State City Investment Year Contributions Contributions Contributions Income Total ,601, ,409 6,310,655 (4,396,424) 4,434,899 The City's annual OPEB cost and the net OPEB obligation 2015 Annual required contribution (ARC) $ 312,971 Interest on the net OPEB obligation 203,304 Adjustment to the ARC $ (6,467) Total annual OPEB cost $ 509,808 Employer contributions $ (490,942) Interest on employer contributions - Increase in the net OPEB obligation $ 18,866 Net OPEB obligation-beginning of year $ 5,082,604 Net OPEB obligation-end of year $ 5,101,470 The City's Percentage of Annual OPEB Cost Contributed to the OPEB Plan, and the Net OPEB Obligation Percentage of Annual Net OPEB Year Annual OPEB Cost OPEB Cost Contributed Obligation 2015 $ 509, % $ 5,101,470 The Funding Progress for OPEB UAAL As % of Actuarial Actuarial Actuarial Accrued Unfunded AAL Funded Ratio Covered Payroll Covered Payroll Valuation Date Value of Assets (a) Liability (AAL) (b) (UAAL) (b-a) (a/b) (c) (b-a)/c 10/1/14 - $ 5,680,000 $ 5,680, % $ 44,344,000 13%
6 Direct Debt 2015 Principal Amount Principal Amount Issued Outstanding General Obligation Bonds Series 2012 $ 18,810,000 $ 16,030,000 Revenue Bonds Series 2011 A & B 35,620,000 29,485,000 Utility System Series ,450,000 47,115,000 Total Revenue Bonds $ 90,070,000 $ 76,600,000 Loans: Cap Improvement Note Ser 2009 BB&T $ 29,942,000 $ 25,542,000 Cap Improvement Note Ser 2010 SunTrust 9,345,000 7,109,400 State Revolving Loans 25,813,361 21,005,711 Total Loans $ 65,100,361 $ 53,657,111 Total Debt $ 173,980,361 $ 146,287,111 Description of Any Indebtedness Payable in Whole or in Part from Series 2011A Pledged Funds, the Series 2011A Covenant Funds, and Series 2011B Pledged Funds 2015
7 Daytona Beach, FL, City of City of Daytona Beach, Florida Utility System Refunding and Improvement Revenue Bonds, Series 2012, $54,450,000 Dated: September 20, 2012 Series 2012 System Operating Results and Debt Service Coverage Fiscal Year ended September 30, 2015 Operating Revenues Charges for Services 43,741,137 Other Operating Income 159,794 Total Operating Revenue 43,900,931 Non-Operating Revenue Investment Earnings 537,422 Gain (Loss) on Disposal of Capital (83,677) Total Non - Operating Revenues 453,745 Gross Revenues 44,354,676 Operating Expenses Personal Services 9,087,826 Supplies and Services 19,073,005 Total Operating Expenses 28,160,831 Net Revenues 16,193,845 Senior Lien Debt Service 5,973,868 Senior Lien Debt Service Coverage 2.7 Subordinate Debt Service Coverage 13.3 Aggregate Debt Service Coverage 2.4 Net available for Pay-As-You-Go Ca 9,453,455 Other Financing Sources: Transfers In - Transfers Out 6,634,730 Capital Contributions 1,661,727
8 Series 2012 Recent User Rate History Rate Effective Date Rate Action Percentage Increase October 1, 2014 Increase Water and Sewer 3.30% Series 2012 Water and Sewer Rates - User Charges Minimum Charges Single Family Resident Accounts Inside City Limits: Minimum Water 0-1,000 gallons $ Minimum Sewer gallons $ Garbage $ Landfill $ 7.42 Recycling $ 2.62 Storm water $ 8.96 Public Service Tax $ 1.46 Total $ 57.21
9 Series 2012 Water Rates 125% of Base Rate 133% of Base Rate Water Service Charge Base Rate Zone 1 Outside Zone 2 Outside By Meter Size Zone 0 Inside City City Mainland City Peninsula 5/8" x 3/4-2" $ 9.78 $ $ " - 10" $ $ $ Water Consumption: 0-1,000 gal (minimum) $ 4.80 $ 6.00 $ ,000 - up $ 4.80 $ 6.00 $ 6.38 Multi-Family Rate $ 4.80 $ 6.00 $ 6.38 Series 2012 Sewer Treatment Rates Base Rate 125% Base Rate 133% Base Rate Sewer Service Charge Zone 0 Zone 1 Zone 2 Base $ 3.84 $ 4.80 $ 5.11 Sewer Usage: gal (minimum) $ 8.26 $ $ up $ 8.26 $ $ Multi-Family Rate $ 8.26 $ $ Sewer Only Flat Rate $ 54.92
10 Series 2012 Water Tap Fees Zone 1 Zone 1 125% Zone 2 133% Tap Size Inside City Outside City Outside City 3/4" $ 1,300 $ 1,625 $ 1,729 1" $ 1,705 $ 2,131 $ 2, /2" $ 2,253 $ 2,816 $ 2,996 2" $ 2,681 $ 3,351 $ 3,566 4" $ 9,220 $ 11,525 $ 12,263 6" $ 13,832 $ 17,290 $ 18,397 6" Dual $ 16,514 $ 20,643 $ 21,964 8" $ 16,405 $ 20,506 $ 21,819 8" Dual $ 19,086 $ 23,858 $ 25,384 10" $ 18,336 $ 22,920 $ 24,387 10" Dual $ 21,014 $ 26,268 $ 27,949 Series 2012 Description of Any Material Litigation Insert Required Information Series 2012 Any Other Financial Information or Operating Date Which the Issuer Determines would be Material to a Holder or Prospective Holders of the Certificates
11 Debt Service W&S A-D 5,210,917 5,211,809 5,223,229 6,161,310 Series 2012** 1,381,179 5,764,768 5,973,868 BBT 138, , , , , , ,522 Sunshine #5 642,781 SRF #1 1,487,219 1,487,219 1,487,219 1,629,765 SRF #2 413, , , ,176 Subordinate Debt 2,681,838 2,667,179 2,667,179 2,842, , , ,522 Net Revenue 10,713,460 12,668,253 13,977,669 15,004,115 16,657,946 19,111,146 16,193,845 Senior Debt Service 5,210,917 5,211,809 5,223,229 6,161,310 1,381,179 5,764,768 5,973,868 Available Revenue 5,502,543 7,456,444 8,754,440 8,842,805 15,276,767 13,346,378 10,219,977 Subordinate Coverage Aggregate Coverage Total Debt Service 7,892,755 7,878,988 7,890,408 9,003,773 2,147,701 6,531,290 6,740,390 Net Revenue 10,713,460 12,668,253 13,977,669 15,004,115 16,657,946 19,111,146 16,193,845 Coverage Net Available Net Revenue 10,713,460 12,668,253 13,977,669 15,004,115 16,657,946 19,111,146 16,193,845 Senior Debt Service (5,210,917) (5,211,809) (5,223,229) (6,161,310) (1,381,179) (5,764,768) (5,973,868) Subordinate Debt Service (2,681,838) (2,667,179) (2,667,179) (2,842,463) (766,522) (766,522) (766,522) 2,820,705 4,789,265 6,087,261 6,000,342 14,510,245 12,579,856 9,453,455 **The first year of amortization of the Series 2012 Water & Sewer bonds did not include a payment of principal, therefore the coverage for interest only is very high for this year only.
Daytona Beach, FL, City of
Daytona Beach, FL, City of 1 City of Daytona Beach, Florida General Obligation Refunding Bonds,, $18,810,000 Dated: May 15, 2012 2 City of Daytona Beach, Florida Capital Improvement Revenue Bonds, Series
More informationCITY OF ST. AUGUSTINE, FLORIDA
CITY OF ST. AUGUSTINE, FLORIDA Water and Sewer Revenue Refunding Bonds, Series 2012, $15,930,000, Dated: December 11, 2012 Water and Sewer Revenue Refunding Bonds, Series 2005, $21,435,000, Dated: July
More informationCITY OF ST. AUGUSTINE, FLORIDA
CITY OF ST. AUGUSTINE, FLORIDA City of St. Augustine, Florida Capital Improvement Refunding Revenue Bonds, Series 2013, $20,645,000, Dated: February 15, 2013 City of St. Augustine, Florida Capital Improvement
More informationMiami, FL, City of (FL)
Miami, FL, City of (FL) 1 Miami, Florida, the City of, Vehicle Replacement Program 2016 of $10,644,628 dated September 20, 2016 2 City of Miami, Florida Limited Ad Valorem Tax Refunding Bond, Series 2015,
More informationOsceola County, FL UPDATED 3/2014
UPDATED 3/2014 Osceola County, FL Tourist Development Tax Revenue Refunding and Improvement Bonds, Series 2012, $74,790,000, Dated: July 31, 2012 Taxable Tourist Development Tax (Fifth Cent) Revenue Bonds
More informationOsceola County, FL. Cash Flow 2014 CAFR pages 36 & 38
Osceola County, FL Osceola County, Florida, Expressway System Senior Lien Revenue Bonds, Series A (Poinciana Parkway Project), $34,765,000; Expressway System Senior Lien Revenue Capital Appreciation Bonds,
More informationTABLE I COUNTY OF VOLUSIA, FLORIDA GOVERNMENT-WIDE EXPENSES BY FUNCTION LAST THREE FISCAL YEARS (In Thousands of Dollars)
STATISTICAL SECTION The Statistical Section includes financial presentations that provide detailed data on the physical, economic, social, and political characteristics of the County of Volusia, Florida.
More informationClay County School Board, FL
Clay County School Board, FL Certificates of Participation (School Board of Clay County, Florida Master Lease Program) Evidencing an Undivided Proportionate Interest of the owners thereof in Basic Rent
More informationFINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORTS CITY OF ST. AUGUSTINE BEACH ST. AUGUSTINE BEACH, FLORIDA SEPTEMBER 30, 2013
FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORTS CITY OF ST. AUGUSTINE BEACH ST. AUGUSTINE BEACH, FLORIDA SEPTEMBER 30, 2013 FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORTS CITY OF ST. AUGUSTINE
More informationREQUIRED SUPPLEMENTARY INFORMATION
BUDGETARY COMPARISON SCHEDULE BUDGETARY BASIS -- ALL GOVERNMENTAL FUNDS AND ENTERPRISE FUNDS For the Fiscal Year Ended June 30, 2015 GOVERNMENTAL ENTERPRISE FUND TYPES FUND TYPES BASIS ACTUAL BASIS ACTUAL
More informationFairburn, GA, City of (GA)
Fairburn, GA, City of (GA) 1City of Fairburn, Georgia, Combined Public Utility Revenue Bonds, Series 2014, 4,610,000, Dated: September 25, 2014 2South Fulton Municipal Regional Water and Sewer Authority
More informationFairburn, GA, City of (GA)
Fairburn, GA, City of (GA) 1City of Fairburn, Georgia, Combined Public Utility Revenue Bonds, Series 2014, $4,610,000, Dated: September 25, 2014 2South Fulton Municipal Regional Water and Sewer Authority
More informationFINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORTS CITY OF ST. AUGUSTINE BEACH ST. AUGUSTINE BEACH, FLORIDA SEPTEMBER 30, 2016
FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORTS CITY OF ST. AUGUSTINE BEACH ST. AUGUSTINE BEACH, FLORIDA SEPTEMBER 30, 2016 FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORTS CITY OF ST. AUGUSTINE
More informationCITY OF MOMENCE, ILLINOIS ANNUAL FINANCIAL REPORT. For the Year Ended April 30, 2012
ANNUAL FINANCIAL REPORT For the Year Ended April 30, 2012 Certified Public Accountants & Advisors TABLE OF CONTENTS Page(s) INDEPENDENT AUDITOR S REPORT... 1-2 GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS
More informationBloomington, Illinois
Bloomington, Illinois City of Bloomington, McLean County, Illinois Taxable General Obligation Refunding Bonds, Series 2014A, $14,920,000 and General Obligation Refunding Bonds, Series 2014B, $9,700,000,
More informationVILLAGE OF EL PORTAL, FLORIDA BASIC FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016
` VILLAGE OF EL PORTAL, FLORIDA BASIC FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED TABLE OF CONTENTS INDEPENDENT AUDITORS REPORT 1-2 PAGE MANAGEMENT S DISCUSSION AND ANALYSIS (Unaudited) 3-11 BASIC FINANCIAL
More informationCITY OF DUNNELLON, FLORIDA ANNUAL FINANCIAL REPORT. September 30, 2017
CITY OF DUNNELLON, FLORIDA ANNUAL FINANCIAL REPORT September 30, 2017 1 CITY OF DUNNELLON, FLORIDA ANNUAL FINANCIAL REPORT September 30, 2017 T A B L E O F C O N T E N T S PAGE NO. Independent Auditor's
More informationBROWARD COUNTY, FLORIDA AIRPORTS
BROWARD COUNTY, FLORIDA AIRPORTS Enplanements, Total Landed Weights, and Total Air Cargo Tonnage Enplaned Passengers Series P-1,P-2 Series O Series N Series 2004L Series 2004M Series 2001J-2 Fiscal Year
More informationRomulus, MI, City of. City Taxation and Limitations. Tax Rates
City Taxation and Limitations Property Tax The City's fiscal year begins on July 1. Real and personal property taxes are July 1 and a lien created upong the property on July 1, each year. Real property
More informationCITY OF PALM BAY, FLORIDA MONTHLY FINANCIAL REPORT (UNAUDITED) MARCH Financial Report Summary
(UNAUDITED) The City of Palm Bay, Florida s (the City ) monthly financial report presents an overview and analysis of the City s financial activities during the month of. March is the sixth month of the
More informationTotal revenues 2,735,920 2,675,087 2,675,087 -
Revenues: Local sources: THE SCHOOL BOARD OF MIAMI-DADE COUNTY, FLORIDA GENERAL FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL FOR THE FISCAL YEAR ENDED Variance
More informationCounty of Volusia, Florida. Annual Report on County Debt
County of Volusia, Florida Annual Report on County Debt For the Fiscal Year Ended September 30, 2005 (Audited) Prepared by: Charlene S. Weaver, CPA Chief Financial Officer Rhonda C. Orr Operations/Debt
More informationTOTAL ASSETS $ 479,362 5,444,464 4,077,867 1,187,657 1,868,721 1,745,339 2,018,191 75,535 16,897,136
DEBT SERVICE FUNDS The Gas Tax Revenue Bonds, Sales Tax Improvement Revenue and Refunding Bonds, Tourist Development Tax Refunding Revenue Bonds, Service Fee Limited Revenue Bonds, Guaranteed Entitlement
More informationTABLE VII COUNTY OF VOLUSIA, FLORIDA RATIO OF NET GENERAL BONDED DEBT TO NET ASSESSED VALUE AND NET BONDED DEBT PER CAPITA
TABLE VII RATIO OF NET GENERAL BONDED DEBT TO NET ASSESSED VALUE AND NET BONDED DEBT PER CAPITA LIMITED TAX GENERAL OBLIGATION BONDS NET GENERAL BONDED DEBT ESTIMATED NET ASSESSED GROSS LESS DEBT TO NET
More informationTOWN OF MEDLEY, FLORIDA FINANCIAL SECTION, REQUIRED SUPPLEMENTARY INFORMATION, COMBINING FUND STATEMENTS, AND SUPPLEMENTARY FINANCIAL REPORTS
FINANCIAL SECTION, REQUIRED SUPPLEMENTARY INFORMATION, COMBINING FUND STATEMENTS, AND SUPPLEMENTARY FINANCIAL REPORTS COMPLIANCE SECTION Year Ended September 30, 2011 CONTENTS Independent Auditors Report
More informationTABLE VII COUNTY OF VOLUSIA, FLORIDA RATIO OF NET GENERAL BONDED DEBT TO NET ASSESSED VALUE AND NET BONDED DEBT PER CAPITA
TABLE VII RATIO OF NET GENERAL BONDED DEBT TO NET ASSESSED VALUE AND NET BONDED DEBT PER CAPITA LIMITED TAX GENERAL OBLIGATION BONDS NET GENERAL BONDED DEBT ESTIMATED NET ASSESSED GROSS LESS DEBT TO NET
More informationSUPPLEMENTARY INFORMATION
SUPPLEMENTARY INFORMATION Required Supplementary Information Other Postemployment Benefits - Defined Benefit Health Care Plan Schedule of Funding Progress and Employer Contributions Schedule of Funding
More informationCITY OF WAYNE, MICHIGAN
FINANCIAL REPORT WITH SUPPLEMENTAL INFORMATION TABLE OF CONTENTS Independent Auditor's Report 1 Management s Discussion and Analysis 4 Financial Statements Government-wide Financial Statements Statement
More informationCITY OF CONCORD JUNE 30, 2016 REQUIRED SUPPLEMENTARY INFORMATION
90 SCHEDULE OF FUNDING PROGRESS The tables below shows a three-year analysis of the actuarial value of assets as a percentage of the actuarial accrued liability and the unfunded actuarial liability as
More informationBASIC FINANCIAL STATEMENTS
COMPREHENSIVE ANNUAL FINANCIAL REPORT BASIC FINANCIAL STATEMENTS, CALIFORNIA COMPREHENSIVE ANNUAL FINANCIAL REPORT GOVERNMENT-WIDE FINANCIAL STATEMENTS, CALIFORNIA COMPREHENSIVE ANNUAL FINANCIAL REPORT
More informationDEBT SUPPLEMENT REPORT. of the CITY OF ST. PETERSBURG, FLORIDA. for the Fiscal Year Ended September 30, 2012
DEBT SUPPLEMENT REPORT of the CITY OF ST. PETERSBURG, FLORIDA for the Fiscal Year Ended Prepared by Department of Finance Table of Contents Introductory Section List of Principal Officials... 5 Letter
More informationNonmajor Governmental Funds
Nonmajor Governmental Funds Special Revenue Funds Special revenue funds are used to account for specific revenues that are legally restricted to expenditures for particular purposes. Special Programs Fund
More informationVolusia County, FL. County of Volusia, Florida Subordinate Lien Sales Tax Refunding Revenue Bonds, Series 2008 $42,605,000, Dated: February 27, 2008
Volusia County, FL County of Volusia, Florida Subordinate Lien Sales Tax Refunding Revenue Bonds, Series 2008 $42,605,000, Dated: February 27, 2008 County of Volusia, Florida Limited Tax General Obligation
More informationMassachusetts Municipal Auditors and Accountants Association Annual School March 17, 2015 Financial Statements and Your Bond Rating Actual Case Study
Massachusetts Municipal Auditors and Accountants Association Annual School March 17, 2015 Financial Statements and Your Bond Rating Actual Case Study Roselli, Clark and Associates Tony Roselli, CPA, CGMA
More informationTOWN OF MEDLEY, FLORIDA FINANCIAL SECTION, REQUIRED SUPPLEMENTARY INFORMATION, COMBINING FUND STATEMENTS, AND SUPPLEMENTARY FINANCIAL REPORTS
FINANCIAL SECTION, REQUIRED SUPPLEMENTARY INFORMATION, COMBINING FUND STATEMENTS, AND SUPPLEMENTARY FINANCIAL REPORTS COMPLIANCE SECTION Year Ended September 30, 2010 TABLE OF CONTENTS Page FINANCIAL SECTION:
More informationREQUIRED SUPPLEMENTARY INFORMATION
REQUIRED SUPPLEMENTARY INFORMATION DW SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS DURING THE MEASUREMENT PERIOD County Miscellaneous, Agent Multiple Employer Plan Measurement Period
More informationDEBT SERVICE FUNDS DEBT SERVICE FUNDS. Variance with. Budgeted Amounts. Original Final Amounts Over (Under) REVENUES:
Other Special Revenue Fund Actual Final Budget Taxes $ 768 $ 768 $ 764 $ (4) License, permits, and franchise fees 32 32 30 (2) Fines, forfeitures, and penalties - - 823 823 Interest 94 94 123 29 Rents
More informationFiscal Year 2015/16 Proposed Budget Overview CITY OF NEW SMYRNA BEACH - JUNE 26, 2015
Fiscal Year 2015/16 Proposed Budget Overview CITY OF NEW SMYRNA BEACH - JUNE 26, 2015 Overview FY2015/2016 City-wide proposed budget-$40,938,214 (FY 2014/15 revised budget $68,889,063- This figure includes
More informationCITY OF STURGIS, MICHIGAN FINANCIAL REPORT WITH SUPPLEMENTAL INFORMATION SEPTEMBER 30, 2017
, MICHIGAN FINANCIAL REPORT WITH SUPPLEMENTAL INFORMATION SEPTEMBER 30, 2017 TABLE OF CONTENTS Independent Auditor's Report 1 2 PAGE Management s Discussion and Analysis 3 12 Basic Financial Statements
More informationSUPPLEMENTARY INFORMATION
SUPPLEMENTARY INFORMATION Required Supplementary Information Other Postemployment Benefits - Defined Benefit Health Care Plan Schedule of Funding Progress and Employer Contributions Schedule of Funding
More informationDistrict's proportion of the FRS net pension liability % %
SCHEDULE OF THE DISTRICT S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY FLORIDA RETIREMENT SYSTEM PENSION PLAN District's proportion of the FRS net pension liability 0.4656% 0.4634% District's proportionate
More informationCity of Tarpon Springs, Florida
City of Tarpon Springs, Florida Comprehensive Annual Financial Report Fiscal Year Ended September 30, 2018 CITY OF TARPON SPRINGS, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended
More informationCITY AND COUNTY OF SAN FRANCISCO STATISTICAL SECTION
Statistical Section STATISTICAL SECTION This section of the City s comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial
More informationCITY OF CONCORD JUNE 30, 2015 REQUIRED SUPPLEMENTARY INFORMATION
91 SCHEDULE OF FUNDING PROGRESS The tables below shows a three-year analysis of the actuarial value of assets as a percentage of the actuarial accrued liability and the unfunded actuarial liability as
More informationOTHER GOVERNMENTAL FUNDS - SPECIAL REVENUE
OTHER GOVERNMENTAL FUNDS SPECIAL REVENUE Special Revenue Funds are used to account for proceeds of specific revenue sources other than expendable trust that are legally restricted to expenditures for specific
More informationGENERAL FUND BUDGET PROJECTION - City of Three Rivers, Michigan - St. Joseph County
GENERAL FUND BUDGET PROJECTION City of Three Rivers, Michigan St. Joseph County FYE 2017 Current FY FYE 2018 Subsequent FY Projected Revenue Taxes 2,057,004 2,098,145 Licenses & permits 187,550 192,191
More informationCITY OF SIERRA MADRE SIERRA MADRE, CALIFORNIA. Basic Financial Statements and Required Supplementary Information with Independent Auditor s Report
CITY OF SIERRA MADRE SIERRA MADRE, CALIFORNIA Basic Financial Statements and Required Supplementary Information with Independent Auditor s Report June 30, 2006 Prepared by the City of Sierra Madre, California
More informationFAIRBURN CITY, GEORGIA
FAIRBURN CITY, GEORGIA 1City of Fairburn, Georgia, Combined Public Utility Revenue Bonds, Series, $4,610,000, Dated: September 25, 2South Fulton Municipal Regional Water and Sewer Authority (Georgia) Revenue
More informationRomulus, MI, City of. City Taxation and Limitations
Romulus, MI, City of 1 City of Romulus, County of Wayne, State of Michigan, 2016 Refunding Bonds, (Limited Tax General Obligation), $3,835,000, Dated: May 18, 2016 2 City of Romulus, County of Wayne, State
More informationMaui County, HI. Debt Service Schedule
Maui County, HI 1, General Obligation Bonds, Series 2015, $60,155,000, Dated: October 28, 2015 2, General Obligation Bonds, Series 2014, $68,670,000, Dated: July 9, 2014 3, General Obligation Bonds, Series
More informationGovernmental Funds SPECIAL REVENUE FUNDS
Governmental Funds Major Governmental Funds GENERAL FUND The General Fund must be classified as a major fund and is used to account for revenues and expenditures that are not required to be accounted for
More informationA. Summary of Bond Resolutions: The following is a summary of bond resolutions pertaining to debt reflected on the September 30, 1999 balance sheet:
Reporting Entity t latthan NOTE 6. LONG-TERM DEBT A. Summary of Bond Resolutions: The following is a summary of bond resolutions pertaining to debt reflected on the September 30, 1999 balance sheet: (1)
More informationTOWN OF PALM BEACH KEY FINANCIAL INDICATORS FY2018
TOWN OF PALM BEACH KEY FINANCIAL INDICATORS FY2018 Message from KIRK BLOUIN Town Manager and JANE LE CLAINCHE Finance Director Welcome to the second issue of the Town of Palm Beach Dashboard Report on
More informationREQUIRED SUPPLEMENTARY INFORMATION
REQUIRED SUPPLEMENTARY INFORMATION Florida Retirement System (FRS) Defined Benefit Pension Plan Schedule of the County's Proportionate Share of the Net Pension Liability Last Ten Fiscal Years (*) County's
More informationAugusta-Richmond County, GA
Series 2016, 2015 Urban, 2014 Urban, 2010 Coliseum, 2010SW, 2004SW The Legal Debt Margin of the Consolidated Government- Computation of Legal Debt Margin (inthousands) Assessed Value of taxable property
More informationCity of Sauk Rapids Benton County, Minnesota. Financial Statements. December 31, 2016
Benton County, Minnesota Financial Statements December 31, 2016 Table of Contents Elected Officials and Administration 1 Independent Auditor's Report 2 Management's Discussion and Analysis 5 Basic Financial
More informationFalcon Highlands Metropolitan District Financial Statement Variances March 31, 2018
Falcon Highlands Metropolitan District Financial Statement Variances March 31, 2018 9 Accounts Receivable as of 03/31/18 totals $35,373 with past due amounts of: Over 90 days - $2,956 made up of 13 customers
More informationCity of Elko, Nevada FINANCIAL STATEMENTS FISCAL YEAR ENDED JUNE 30, 2018
City of Elko, Nevada FINANCIAL STATEMENTS FISCAL YEAR ENDED JUNE 30, 2018 Table of Contents Page FINANCIAL SECTION Independent Auditors Report... 1 Management s Discussion and Analysis... 4 Basic Financial
More informationCITY OF SOUTH LAKE TAHOE
CITY OF SOUTH LAKE TAHOE $5,765,000 2012 CERTIFICATES OF PARTICIPATION (ROAD IMPROVEMENT PROJECTS) El Dorado County, California Dated: July 24, 2012 Base CUSIP : 838661 2014 ANNUAL CONTINUING DISCLOSURE
More informationCITY OF NORTH LAS VEGAS, NEVADA DEBT MANAGEMENT POLICY IN ACCORDANCE WITH NRS (C)
CITY OF NORTH LAS VEGAS, NEVADA DEBT MANAGEMENT POLICY IN ACCORDANCE WITH NRS 350.013 1(C) JUNE 30, 2009 TABLE OF CONTENTS Summary of Debt... 2 Affordability of Debt... 8 General Obligation Bonds Supported
More informationFalcon Highlands Metropolitan District Financial Statement Variances April 30, 2018
Falcon Highlands Metropolitan District Financial Statement Variances April 30, 2018 Accounts Receivable as of 04/30/18 totals $39,436.47 with past due amounts of: Over 90 days - $3,119 made up of 13 customers
More informationCITY OF FARGO, NORTH DAKOTA STATEMENT OF NET ASSETS DECEMBER 31, 2006
STATEMENT OF NET ASSETS Governmental Business-type Activities Activities Total ASSETS Cash $ 263,797 $ 1,267,834 $ 1,531,631 Investments 17,862,776 998,958 18,861,734 Equity in pooled cash and investments
More informationManagement s Discussion and Analysis of Financial Performance for the Quarter Ended December 31, 2018
Quarterly Analysis of Financial Performance December 2018 Management s Discussion and Analysis of Financial Performance for the Quarter Ended December 31, 2018 JEA is a municipal utility operating in Jacksonville,
More informationCITY OF INGLEWOOD BASIC FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION FOR THE YEAR ENDED SEPTEMBER 30, 2015
BASIC FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION FOR THE YEAR ENDED SEPTEMBER 30, 2015 BASIC FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION FOR THE YEAR ENDED SEPTEMBER 30, 2015 THIS PAGE INTENTIONALLY
More informationCITY OF SATELLITE BEACH, FLORIDA. Financial Statements Year Ended September 30, 2010
CITY OF SATELLITE BEACH, FLORIDA Financial Statements Year Ended September 30, 2010 CITY OF SATELLITE BEACH, FLORIDA Table of Contents As of September 30, 2010 Introductory Section Page Title Page 1 Table
More informationREQUIRED SUPPLEMENTARY INFORMATION
REQUIRED SUPPLEMENTARY INFORMATION DC SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS DURING THE MEASUREMENT PERIOD Agent Multiple Employer Plan Measurement Period 2014-15 (1) 2013-14
More informationCity of Trenton, Michigan. Financial Report with Supplemental Information June 30, 2018
Financial Report with Supplemental Information Contents Independent Auditor's Report 1-2 Management's Discussion and Analysis 3-6 Basic Financial Statements Government-wide Financial Statements: Statement
More informationTHOMASVILLE CITY SCHOOLS (CITY)
THOMASVILLE CITY SCHOOLS (CITY) CITY OF THOMASVILLE Employees, Employee Relations, and Labor Organizations of the City For Fiscal Year 2012 (Series 2012 only) The City of Thomasville has approximately
More informationFiscal Year Budget In Brief. City of Deerfield Beach, Florida. Bold Innovation for a Better Future
Fiscal Year 2016 City of Deerfield Beach, Florida Budget In Brief Bold Innovation for a Better Future Table of Contents Introduction 3 Budget Process 5 Citywide Revenues & Expenditures 6 Fund Structure
More informationMEMORANDUM Finance Department
MEMORANDUM Finance Department INVESTMENT REPORT A significant reduction in November s investment income is due to the LGIP withholding earnings to offset Pool B s potential for loss. The LGIP is transferring
More informationBOND DISCLOSURE SUPPLEMENT
BOND DISCLOSURE SUPPLEMENT City of Orlando, Florida For the Fiscal Year Ended September 30, 2015 Prepared by: Office of Business and Financial Services This page intentionally blank. January 31, 2016 Mayor
More informationTown of South Palm Beach Adopted Budget Fiscal Year
Adopted Budget Fiscal Year 2011 2012 Adopted General Fund Budget Summary FY2011 Actual FY2012 variance Budget @ 06/30/11 Adopted % dollar Revenues Ad Valorem Taxes $1,079,917 $1,045,228 $1,079,036 0.08%
More informationMANAGEMENT S DISCUSSION AND ANALYSIS As management of the City of Gainesville (the City ), we offer readers of the City s financial statements this narrative overview and analysis of the financial activities
More informationThe Town of Summerdale Summerdale, Alabama
The Town of Summerdale Summerdale, Alabama Annual Financial Report For the Fiscal Year Ended September 30, 2012 Vance CPA LLC Certified Public Accountant 832 Snow St., Suite B Oxford, Alabama 36203 Tel.
More informationDESCRIPTIONS OF BUDGET TERMS
DESCRIPTIONS OF BUDGET TERMS Ad Valorem Tax A tax based on the assessed value of a property. Adopted Budget Financial plan which forms the basis and limits for appropriations and is adopted by the City
More informationFalcon Highlands Metropolitan District Financial Statement Variances June 30, 2018
Falcon Highlands Metropolitan District Financial Statement Variances June 30, 2018 Accounts Receivable as of 06/30/18 totals $64,569 with past due amounts of: Over 90 days - $4,359 made up of 15 customers
More informationCOMPREHENSIVE ANNUAL FINANCIAL REPORT CITY OF ORMOND BEACH, FLORIDA FISCAL YEAR ENDED SEPTEMBER 30, 2018
City of Ormond Beach Florida Photo by Sam West Comprehensive Annual Financial Report Fiscal Year Ended September 30, 2018 COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED Prepared by: Finance Department
More informationTOTAL ASSETS $ 467,688 4,760,628 2,298,743 4,127, ,782. Deferred Revenue $ TOTAL LIABILITIES
DEBT SERVICE FUNDS The Gas Tax Revenue Bonds, Sales Tax Improvement Revenue and Refunding Bonds, Subordinate Lien Sales Tax Revenue Bonds, Tourist Development Tax Refunding Revenue Bonds, Service Fee Limited
More informationCity of Cocoa Beach, Florida. Comprehensive Annual Financial Report Fiscal Year Ended September 30, 2012
Comprehensive Annual Financial Report Fiscal Year Ended September 30, 2012 COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended September 30, 2012 Prepared by: Finance Department February, 2013
More informationGold Ridge Fire Protection District Annual Report For the Fiscal Year Ended June 30, 2009
Annual Report For the Fiscal Year Ended RODNEY A. DOLE SONOMA COUNTY AUDITOR-CONTROLLER TREASURER-TAX COLLECTOR Annual Report For the Fiscal Year Ended TABLE OF CONTENTS Auditor-Controller s Report Page
More informationVILLAGE OF KEY BISCAYNE, FLORIDA
COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2012 Prepared by: THE FINANCE DEPARTMENT COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2012
More informationMEMORANDUM Finance Department
INVESTMENT REPORT MEMORANDUM Finance Department On December 31 st, the Town s funds were in the Florida Local Government Surplus Trust Funds Investment Pool (Florida Prime and Fund B), TD Bank, and SunTrust,
More informationFiscal Year 2005 Adopted Budget
Fiscal Year 2005 Budget REVENUE SUMMARIES Revenue Summaries TAXABLE VERSUS GROSS VALUE EXEMPTIONS AT A GLANCE Ad valorem taxes are taxes levied against the assessed valuation of real and tangible persona
More informationCity of New Smyrna Beach. FY September 14 th Public Hearing
City of New Smyrna Beach FY2011-2012 September 14 th Public Hearing Budget Highlights/Updates since July 27 th budget workshop Highlights City Commission set a proposed operating millage rate of 3.4793
More informationINTRODUCTORY SECTION
INTRODUCTORY SECTION FINANCIAL SECTION CITY OF MINNETRISTA Management s Discussion and Analysis Year Ended December 31, 2012 As management of the City of Minnetrista, Minnesota, (the City), we
More informationLONG-TERM DEBT. Long-Term Debt Outstanding
LONG-TERM DEBT The City of Palm Coast has limited debt, both because of City Charter restrictions and a pay-asyou-go philosophy of the City Council. The City Charter states that unfunded multiyear contracts,
More informationCITY OF MAUSTON GENERAL FUND SUMMARY SCHEDULE OF REVENUES AND EXPENDITURES
GENERAL FUND Taxes General Property Taxes $ 1,934,140 $ 1,688,759 $ 1,696,679 $ 1,720,679 $ 1,720,771 $ 21,321 $ 1,742,000 Payment in Lieu of Taxes 125,492 137,264 124,568 147,748 150,707 (1,000) 146,748
More informationFLORIDA REPORT COUNCIL MAYOR CITY BMC R 30, 2014 RICK DWYER TERS NC.
CITY OF DEBARY, FLORIDA ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER R 30, 2014 CITY COUNCIL CHRIS CARSON, INTERIM MAYOR DAN HUNT, VICE MAYOR RICK DWYER LITA HANDY-PETH TERS SID VIHLEN,
More informationHillsborough County Schools, FL
Hillsborough County Schools, FL Refunding Certificates of Participation (School Board of Hillsborough County, Florida Master Lease Program), Evidencing an Undivided Proportionate Interest of Owners thereof
More informationCAPITAL IMPROVEMENT ELEMENT Inventory Analysis
CAPITAL IMPROVEMENT ELEMENT Inventory Analysis 2.191 INTRODUCTION The principal purpose of this element is to identify the capital improvements that are needed to implement the comprehensive plan and ensure
More informationCITY OF DES MOINES, IOWA NET ASSETS BY COMPONENT LAST TEN FISCAL YEARS (Accrual basis of accounting) (Unaudited)
CITY OF DES MOINES, IOWA NET ASSETS BY COMPONENT LAST TEN FISCAL YEARS (Accrual basis of accounting) (Unaudited) 2012 2011 2010 2009 Governmental activities: Invested in capital assets, net of related
More informationFalcon Highlands Metropolitan District Financial Statement Variances November 30, 2017
Falcon Highlands Metropolitan District Financial Statement Variances November 30, 2017 Accounts Receivable as of 11/30/17 totals $41,987 with past due amounts of: Over 90 days - $2,401 made up of 15 customers
More informationTOOELE CITY CORPORATION. Financial Statements and Independent Auditor's Report. June 30, 2012
Financial Statements and Independent Auditor's Report June 30, 2012 Table of Contents Page Independent Auditor's Report 1 Management's Discussion and Analysis 3 Basic Financial Statements: Government-Wide
More informationCity of Panama City Beach, Florida
City of Panama City Beach, Florida FINANCIAL STATEMENTS September 30, 2017 City of Panama City Beach, Florida Table of Contents September 30, 2017 Independent Auditors Report 1 Management s Discussion
More informationINTERIM FINANCIAL STATEMENTS FOR THE ELEVEN MONTHS ENDED MAY 31, 2013
INTERIM FINANCIAL STATEMENTS FOR THE ELEVEN MONTHS ENDED MAY 31, 2013 Prepared by: Financial Reporting Accounting Department Division of Financial Management INTERIM FINANCIAL STATEMENTS FOR THE ELEVEN
More informationCOUNTY OF VOLUSIA, FLORIDA Combining Balance Sheet Nonmajor Governmental Funds - Special Revenue Funds September 30, 2012
COUNTY OF VOLUSIA, FLORIDA Combining Balance Sheet Nonmajor Governmental Funds - Special Revenue Funds September 30, 2012 Library East Volusia Mosquito Control District Resort Tax ASSETS Equity in pooled
More informationTOOELE CITY CORPORATION. Financial Statements and Independent Auditor's Report. June 30, 2014
Financial Statements and Independent Auditor's Report June 30, 2014 Table of Contents Page Independent Auditor's Report 1 Management's Discussion and Analysis 3 Basic Financial Statements: Government-Wide
More informationOTHER GOVERNMENTAL FUNDS - SPECIAL REVENUE
OTHER GOVERNMENTAL FUNDS - SPECIAL REVENUE Special Revenue Funds are used to account for proceeds of specific revenue sources other than expendable trust that are legally restricted to expenditures for
More informationDebt Service Obligations
OVERVIEW The City of Santa Cruz debt service obligations include revenue bonds, general obligation bonds, pension obligation bonds, loans, leases, special assessment bonds, and Santa Cruz Redevelopment
More informationBROUGH OF CLARION CLARION, PENNSYLVANIA
BROUGH OF CLARION CLARION, PENNSYLVANIA FINANCIAL STATEMENTS YEAR ENDED YEAR ENDED CONTENTS Independent Auditor s Report 1-3 Management s Discussion and Analysis 4-14 Basic Financial Statements: Government-wide
More information