Wiseburn Unified School District

Transcription

1 Wiseburn Unified School District CONTINUING DISCLOSURE ANNUAL REPORT SUPPLEMENT FOR FISCAL YEARS ENDING JUNE 30: Prepared By: Aviation Boulevard Hawthorne, CA 90250

2 TABLE OF CONTENTS A. INTRODUCTION... 1 B. SCHEDULE OF SECURED PROPRTY TAX DISTRIBUTION... 1 C. PRICIPAL EMPLOYERS LOCATED IN THE DISTRICT... 2 D. ASSESSED VALUATION AND PARCELS BY LAND USE... 4 E. CONTACT INFORMATION... 6

3 A. INTRODUCTION The (the District ), previously organized and operating as Wiseburn School District is located in Los Angeles County, California. The following information is being provided as a supplement to previously filed reports for fiscal years ending and is intended to cure outstanding discrepancies in the reports that may exist for a portion or all CUSIPs associated with the issuances below. Dated Date Base CUSIP Par Amount Name of Issue July 31, $10,996, Series A General Obligation Bonds August 18, $3,103, General Obligation Bonds Election of 1997, Series 1999 A November 1, $23,817, General Obligation Bonds, Election of 2000, Series 2000 A October 26, $11,181, General Obligation Bonds, Election of 2002, Series 2001 May 2, $26,715, General Obligation Refunding Bonds, 2005 Series A August 9, $20,056, General Obligation Bonds, 2007 Election, 2007 Series A August 21, $12,540, General Obligation Bonds, 2007 Election, 2008 Series 2008 A December 14, $10,874, Election General Obligation Bonds, 2010 Series A April 20, $33,191, Election General Obligation Bonds, 2011 Series B December 18, $37,605, Election General Obligation Bonds, 2012 Series C December 11, $5,325, Election General Obligation Bonds, 2013 Series D B. SCHEDULE OF SECURED PROPRTY TAX DISTRIBUTION This section is intended to provide information in compliance with the Continuing Disclosure Certificate in connection with the District s General Obligation Bonds Election of 2000, Series 2000 A. In particular, this section addresses Table 7 (Schedule of Secured Property Tax Distributions) in the Official Statement for the aforementioned bonds and provides information regarding the Los Angeles County s schedule of secured property tax distribution for fiscal years Property taxes on the secured roll are due in two installments, on November 1 and February 1. If unpaid, such taxes become delinquent after December 10 and April 10, respectively, and a ten percent penalty attaches to any delinquent payment. In addition, property on the secured roll secured by the assessee s fee ownership of land with respect to which taxes are delinquent is declared tax-defaulted on 1

4 or about June 30. For additional or specific information regarding Los Angeles County s Secured Property Tax Distributions please contact the Los Angeles County Auditor Controller s Office. C. PRICIPAL EMPLOYERS LOCATED IN THE DISTRICT The District includes portions of the City of El Segundo, City of Hawthorne, and an unincorporated portion of Los Angeles County. Specific information for principal employers within the District is not readily available to the District at this time. As has been the case in previous reports, the 10 principal employers for the City of El Segundo are being provided below to satisfy this requirement for Fiscal Years Ending Data was provided by the City of El Segundo Business Services Division. City of El Segundo Fiscal Year Ending Raytheon Company 7,591 2 Boeing Satellite Systems, Inc. 5,853 3 Northrop Grumman Corporation 5,446 4 Aerospace Corporation 3,048 5 Mattel, Inc. 1,771 6 Direct TV Operations Inc. 1,448 7 Chevron Products Company/USA Inc. 1,186 8 Accenture International Rectifier Corporation Xerox Corporation 543 Total 28,100 City of El Segundo Fiscal Year Ending Raytheon Company 8,386 2 Northrop Grumman Corporation 5,901 3 Boeing Satellite Systems, Inc. 4,571 4 Aerospace Corporation 2,991 5 Mattel, Inc. 1,625 6 Direct TV Operations Inc. 1,549 7 Chevron Products Company/USA Inc. 1,253 8 Accenture JP Morgan Chase Bank Xerox Corporation 510 Total 27,932 2

5 City of El Segundo Fiscal Year Ending Raytheon Company 7,302 2 Northrop Grumman Corporation 5,665 3 Boeing Satellite Systems, Inc. 4,735 4 Aerospace Corporation 2,983 5 Direct TV Operations Inc. 1,681 6 Mattel, Inc. 1,615 7 Chevron Products Company/USA Inc. 1,199 8 Accenture International Rectifier Corporation Rhythm & Hues 473 Total 26,758 City of El Segundo Fiscal Year Ending Raytheon Company 7,268 2 Northrop Grumman Corporation 5,219 3 Boeing Satellite Systems, Inc. 5,167 4 Aerospace Corporation 3,002 5 Direct TV Operations Inc. 1,866 6 Mattel, Inc. 1,635 7 Chevron Products Company/USA Inc. 1,179 8 Accenture Rhythm & Hues International Rectifier Corporation 537 Total 27,289 City of El Segundo Fiscal Year Ending Raytheon Company 6,793 2 Boeing Satellite Systems, Inc. 5,247 3 Northrop Grumman Corporation 4,456 4 Aerospace Corporation 2,689 5 Direct TV Operations Inc. 2,427 6 Mattel, Inc. 1,738 7 Chevron Products Company/USA Inc. 1,204 8 Accenture Time Warner Cable Rhythm & Hues 503 Total 26,469 3

6 D. ASSESSED VALUATION AND PARCELS BY LAND USE WISEBURN UNIFIED SCHOOL DISTRICT Assessed Valuation (1) % of Total Number of Parcels % of Total Non-Residential: Commercial/Office Building $2,729,260, % % Vacant Commercial 11,532, Industrial 1,037,715, Vacant Industrial 43,117, Recreational 37,224, Government/Social/Institutional 18,632, Miscellaneous 18,658, Subtotal Non-Residential $3,896,142, % % Residential: Single Family Residence $1,013,844, % 3, % Condominium/Townhouse 352,294, Residential Units 25,502, Residential Units/Apartments 107,142, Vacant Residential 1,921, Subtotal Residential $1,500,705, % 4, % Total $5,396,847, % 5, % (1) Local Secured Assessed Valuation, excluding tax-exempt property. 4

7 WISEBURN UNIFIED SCHOOL DISTRICT Assessed Valuation (1) % of Total Number of Parcels % of Total Non-Residential: Commercial/Office Building $2,855,508, % % Vacant Commercial 73,972, Industrial 1,080,067, Vacant Industrial 39,439, Recreational 37,969, Government/Social/Institutional 18,395, Miscellaneous 12,738, Subtotal Non-Residential $4,118,091, % % Residential: Single Family Residence $1,002,959, % 3, % Condominium/Townhouse 378,124, Residential Units 26,291, Residential Units/Apartments 109,254, Vacant Residential 2,218, Subtotal Residential $1,518,848, % 4, % Total $5,636,940, % 5, % (1) Local Secured Assessed Valuation, excluding tax-exempt property. 5

8 E. CONTACT INFORMATION DISTRICT DISCLOSURE CONSULTANT David Wilson Chief Business Official Aviation Boulevard Hawthorne, CA Tel: (310) Fax: (310) Caldwell Flores Winters, Inc Christie Avenue Suite 270 Emeryville, CA Tel: (510) Fax: (510)