PASCO COUNTY SCHOOLS, FLORIDA

Transcription

1 PASCO COUNTY SCHOOLS, FLORIDA Series 2013, 2013A, 2009, 2008C, 2007A, 2007, 2005A,B, 2004A, 2003 Summary of Statistical Data Seven- History Net Current Number of Expenditure Per Number of Instructional Unweighted School Schools Personnel FTE Enrollment FTE Student 79 4,962 66,417 $6, ,268 65,976 $6, ,412 66,162 $6, ,133 66,207 $6, ,261 66,190 $7, ,045 65,558 $7, ,746 63,057 $7,060 Series 2013, 2013A, 2009, 2008C, 2007A, 2007, 2005A,B, 2004A, 2003 Statement of Revenues, Expenditures and Changes in General Fund Balances for s Audited Revenues: Intergovernmental: Federal Direct $532,488 $486,628 $536,626 Federal through State 2,652,633 2,252,991 2,261,737 State Sources 304,939, ,366, ,980,754 Local 152,641, ,374, ,911,111 Total Revenues $460,766,493 $431,480,182 $443,690,228 Expenditures: Current Education: Instruction $273,060,882 $271,521,509 $275,441,887 Pupil Personnel Services 23,646,153 21,583,415 21,523,167 Instructional Media Services 4,056,578 7,035,285 6,707,914 Instruction & Curriculum Development 5,800,812 8,802,783 8,452,383 Instructional Staff Training 2,093,211 6,824,522 6,324,236 Instruction Related Technology 1,533,423 4,536,729 4,433,650 School Board of Education 2,980, , ,772 General Administration 636, , ,975 School Administration 36,403,302 33,192,320 33,518,619 Facilities Acquisition & Construction 2,284,115 1,787,354 1,796,938 Services 2,283,516 1,987,258 2,110,767 Food Services 197, , ,905 Central Services 6,388,288 5,733,824 5,465,160 Pupil Transportation and Services 27,288,620 26,813,234 26,745,109 Operation of Plant 45,849,940 45,866,178 41,713,297 Maintenance of Plant 12,405,062 10,829,775 10,471,775 Administrative Technology Services 3,099,253 2,863,358 2,907,655 Community Services 564, , ,606 Fixed Capital Outlay: Facilities Acquisition & Construction 96, , ,373 Other Capital Outlay Total Expenditures $450,668,927 $451,316,247 $449,649,188 Excess (Deficit) Revenues Over Expenditures $10,097,566 ($19,836,065) ($5,958,960) Other Financing Sources (Uses) 817,104 7,230,541 5,320,722 Excess (Deficit) Revenues and Other Sources Over (Under) Expenditures and Other Uses 10,914,670 (12,605,524) (638,238) Beginning Fund Balance 49,973,715 60,888,385 48,282,861 Ending Fund Balance $60,888,385 $48,282,861 $47,644,623

2 Series 2013A, 2009, 2008C, 2007A, 2005A,B, 2004A Statement of Operations for the Capital Projects Fund for s Audited REVENUES: State $3,860,260 $992,071 $968,256 Local 64,846,965 63,198,087 64,867,732 Total Revenues $68,707,225 $64,190,158 $65,835,988 EXPENDITURES: (by object) Library Books $338,390 $2,901 $60,698 Audio Visual Materials 86,149 21,732 25,020 Buildings and Fixed Equipment 17,767,974 19,952,030 8,808,365 Furniture, Fixtures, and Equipment 6,470,703 7,438,577 6,695,504 Motor Vehicles (including buses) 0 377, ,505 Land 714,735 44, ,158 Improvements Other Than Buildings 961,028 1,410,726 1,847,882 Remodeling and Renovations 14,106,753 4,785,633 7,961,486 Computer Software 1,278,852 3,770,900 4,854,230 Miscellaneous Expenses 14, ,442 Total Expenditures $41,738,736 $37,805,735 $31,063,290 Excess (Deficiency) of Revenues Over Expenditures 26,968,489 26,384,423 34,772,698 Other Financing Sources (Uses), Net ($39,118,784) ($47,013,542) ($29,566,809) Excess (Deficiency) of Revenues and Other Sources Over Expenditures and Other Uses ($12,150,295) ($20,629,119) $5,205,889 Beginning Fund Balance $174,575,158 $162,424,863 $141,795,744 Ending Fund Balance $162,424,863 $141,795,744 $147,001,633 Series 2013, 2013A, 2009, 2008C, 2007A, 2005A,B, 2004A, 2003 General Long Term Debt (As of June 30, 2013) Outstanding General Description Balance Self-Supporting State Bonds: Series 2004-A Series 2005-A Series 2005-B Series 2005-B Refunding Series 2008-A Series 2009-A Refunding Series 2010-A Series 2011-A $1,105,000 1,025,000 1,105,000 3,460,000 4,545, ,000 1,355,000 1,510,000 District Revenue Bonds: Series 2003 Refunding Series ,870,000 26,410,000 Certificates of Participation: Series 2004 Series 2004-QZAB Series 2005-A Series 2005-B Series 2005-QZAB Series 2007-A Series 2008-A Series 2008-C Series 2008-QZAB Series 2009-QSCB 49,765,000 4,546,000 31,355,000 30,500, ,612 62,885,000 75,875,000 73,235, ,006 11,000,000 Total $384,873,618

3 Series 2013A, 2009, 2008C, 2007A, 2005A,B, 2004A Historical Millage Rates s Supplemental Capital Operating Discretionary Improvement Debt Service Total Millage Millage Millage Millage Millage Net Assessed and Estimated Actual Value of Taxable Property (in thousands) Ratio of Net Assessed Estimated Actual Assessed Tax Value Value Estimated Value 2012 $21,276,683 $27,855, $22,466,159 $31,053, $22,945,685 $32,238, $23,127,467 $35,920, $29,427,865 $43,265, Property Tax Levies and Collections Percent of Ratio of Total Total Tax Current Tax Current Taxes Total Tax Tax Collections to Tax Levy Collections Collected Collections Total Tax Levy 2012 $156,192,206 $151,072, % $151,215, % 2011 $165,034,114 $165,642, $166,196, $178,353,964 $170,468, $170,492, $186,767,020 $180,089, $180,142, $212,147,737 $205,271, $205,989, Principal Property Taxpayers (2013 and 2004) Percentage of Percentage of Taxable Assessed Total Assessed Taxable Assessed Total Assessed Rank Taxpayer Valuation Value Rank Valuation Value 1 Duke Energy Center (Florida Power Corp) $278,978, % 1 $259,057, % 2 Withlacoochee River Electric Cooperative 217,080, ,820, HCA Health Services of Florida 180,645, ,946, Verizon Communications, Inc. 144,670, ,832, Shady Hills Power Company LLC 105,791, ,309, Goodforest LLC 86,900, Florida Gas Transmission Company 80,444, Bright House Networks 78,757, ,344, Wal-Mart Stores 77,857, ,286, Zephyrhills Bottled Water 59,692, ,939, Walgreen Co ,236, Gulf View Associates 9 40,691, Total $1,310,819, % $1,099,464, %

4 Series 2007 Monthly Sales Tax Revenues Receipts Ended June 30, 2013 Date Sales Tax Revenues Quarterly Adjustment Total Sales Tax Revenues July 2012 $955, $955, August 2012 $959, $959, September 2012 $1,007, $650, $1,657, October 2012 $1,010, $1,010, November 2012 $1,161, $1,161, December 2012 $1,355, $695, $2,050, January 2013 $1,162, $1,162, February 2013 $1,161, $1,161, March 2013 $1,321, $727, $2,048, April 2013 $1,190, $1,190, May 2013 $1,107, $1,107, June 2013 $1,161, $701, $1,863, Series 2013 Infrustructure Sales Surtax and Disposition of Sales Tax Revenues County's Ended September 30 School District of Pasco County, Florida Sales Tax Revenue Receipts Sales Tax Revenues ,564, ,378, ,973, ,879, ,084,671 Series 2003 Sales and Use Tax Revenues Remaining in State General Revenue Fund After Required Transfers Pursuant to Section (6), Florida Statutes State s Ended June Sales and Use Tax $15,904,194,388 $16,029,077,903 $16,813,378,113 $17,713,517,943 $18,859,375,556 Series 2013A Lease Payment Coverage Ended June 30, 2013 Anticipated Local Option Millage Levy Required to Cover Lease Payments Represented by the Prior Certificates Net Taxable Assessed Valuation (FY 2013): $21,163,900,000 Local Option Capital Outlay Millage Assumed Tax Collection Rate 96.0% Millage Levy Required to Satisfy Lease Payments Represented by the Prior Certificates Total Revenue Generated by 1.50 mill Levy at 96% collection (FY 2013) $ 30,476,016 Total Maximum Annual Lease Payments (FY 2018) $ 25,597,662 Minimum Millage Levy Needed to Satisfy Maximum Annual Lease Payments Compliance with Florida Statute Section (2) 75% of FY 2013 Millage Revenue $ 22,857,012 Total Maximum Annual Lease Payments under Leases originally entered into after June 30, 2009 (FY 2026) 772,420 Minimum Millage Levy Needed to Satisfy Maximum Annual Lease Payments under Leases entered into after June 30,

5 Series 2013, 2013A Description of any material litigation which would have been disclosed in the Offering Statement if such litigation were pending at the time the Offering Statement was prepared Ended June 30, 2013 Insert required information here 2013, 2013A Any other finanical information or operating data of th type included in the Offering Statement which would be material to a holder or prospective holder of the Certificates Ended June 30, 2013 Link to CAFR