Santa Rosa County School Board, FL

Transcription

1 Santa Rosa County School Board, FL 1 Refunding Certificates of Participation Evidencing an Undivided Proportionate Interest of Owners thereof in Basic Rent Payments to be made by the School Board of Santa Rosa County, Florida, as Lessee pursuant to a Master Lease Purchase Agreement with Santa Rosa School Board Leasing Corporation, as Lessor, Series 2014, $20,520,000 Dated: November 13, Santa Rosa County, Florida, The School Board of, Certificates of Participation Evidencing an Undivided Proportionate Interest of the Owners thereof in Basic Rent Payments to be Made by the School Board of Santa Rosa County, Florida, as Lessee Pursuant to a Master Lease Purchase Agreement with Santa Rosa School Board Leasing Corporation, as Lessor, $18,870,000 Series , Dated: April 13, Santa Rosa County, Florida, School Board of, Racetrack Revenue Bonds, Series 1996, $2,355,000, Dated: June 1, 1996 Series 2014, Summary of Statistical Data Average Expenditure School Number of Number of F.T.E. from General Fund Year Schools Instructors Enrollment per F.T.E. Student ,797 25,652 $6,651 Series Profile of Enrollments Full Time Equivalent Students Type of School 2014/2015 Grades K 3 7,671 Grades 4 8 9,910 Grades ,858 Exceptional Education 247 Vocational Education 458 At Risk Students 194 Post Secondary 314 Total 25,652

2 Series Profile of Educational Facilities Type of School 2014/2015 K 2 3 K 5 9 K Middle School Senior High 4 Others 3 TOTAL 32 Series Actual Statement of Operations for the General Fund for FY and Budget for FY 2016 FY 2015 Budget FY 2016 Revenues Local $57,628,397 $57,453,613 State $124,459,797 $124,438,445 Federal $1,543,776 $1,456,651 Total Revenues $183,631,971 $183,348,709 Expenditures Current Education: Instruction $115,842,183 $119,379,520 Pupil Personal Services $7,877,527 $8,196,918 Instructional Media Services $2,362,850 $2,577,041 Inst. & Curriculum Dev Serv $3,344,086 $3,586,292 Instructional Staff Training $819,675 $1,093,452 Instruction related technology $4,699,387 $5,184,268 Board of Education $579,179 $714,673 General administration $750,157 $762,275 School administration $13,194,388 $13,387,961 Facillites acq & construction $39,022 $88,383 Fiscal Servioces $1,130,518 $1,210,907 Central Services $2,376,936 $2,501,487 Pupil Transportation Services $12,005,849 $12,274,701 Operation of Plant $12,956,288 $13,021,832 Maintenance of Plant $3,986,061 $4,647,140 Administrative Technology Services $1,701,606 $1,808,707 Community Services $1,620,978 $2,371,829 Capital Outlay: Facillites acq & construction $36,002 $36,002 Other capital outlay $665,182 $665,182 $185,987,873 $193,508,570 Excess (Deficit) Rev Over Exp ($2,355,902) ($10,159,860) Other financing Sources (Uses) Transfers In $4,252,121 $4,252,121 Transfers Out ($326,036) ($326,036) Insurance Loss Recoveries $47,371 $46,120 Total Other Financing Sources (Uses) $3,973,456 $3,972,205 Net Charge in Fund Balances $1,617,554 ($6,187,655) Beginning Fund Balance $17,817,096 $17,817,096 Total Ending Fund Balances $19,434,650 $11,629,441

3 Series 2014, Statement of Direct, Overlapping, and Underlying Debt, 2015 School District of Santa Rosa County, Florida Non Self Self General Supporting Supporting Obligation Debt Revenue Debt Revenue Debt Direct Debt: School Board (as of June 30, 2015) State Board of Education Bonds, $3,336,019 Certificates of Participation $37,972,915 Racetrack Revenue Bonds, $370,000 Compensated Absences $19,101,016 Total Direct Debt $60,779,951 Overlapping Debt: Santa Rosa County (as of June 30, 2015) Other Post Employment Benefits Net Pension Liability $4,391,485 $54,194,640 Special Assessment Notes Payable Compensated Absences Capital Leases Claims Payable $1,389,000 Landfill Closure Costs Total Santa Rosa County Total Overlapping Debt $59,975,125 Underlying Debt: City of Gulf Breeze (as of June 30, 2015) Compensated Absences Total City of Gulf Breeze Debt City of Milton (as of June 30, 2015) Capital Leases Compensated Absences Total City of Milton Debt Total Underlying Debt Total Overlapping and Underlying Debt

4 Series Anticipated Local Option Millage Levy Requirements FY Taxable Assessed Valuation $8,665,370,772 Funds Generated from Local Option Millage Levy $11,646,259 Maximum annual Lease Payments on: $3,609,977 Millage Levy which equals 1.00x coverage of maximum annual Lease Payments.31mills Series 2014, Assessed Valuation of Taxable Property, Total Taxable % Taxable to Assessed Homestead Other Assessed Total Assessed Tax Year Valuation Exemptions Exemptions Valuation Valuation 2015 $8,665,370,772 $8,665,370,772 Series 2014, Taxes Levied and Collected by All Governmental Units, Total Cash Total Cash Total Cash Tax Roll Total Taxes Total Monies Discounts Credits on Credits as Year Levied Collected Allowed Collections % Levied 2015

5 Series 2014, Millages, Taxes Levied and Collected (Dollars in 000's), Tax Roll School Taxable Operating Local Option Total Taxes Taxes Percent Year Fiscal Year Assessed Value Millage Millage Levy Millage Levied Collected Collected $8,665,370, $64,496,355 $62,207, %

6 Series Principal Taxpayers as of June 30, 2015, 2015 Percent Taxpayer Total Assessed Value of Total Gulf Power Company Florida Gas Transmission Co. Bellsouth Telecomm (county) Exxon Corporation Wal Mart Stores East Inc. Louisiana Land MediaCom Southeast LLC Inexco Oil Company Air Products & Chemicals Sterling Fibers Inc. Total Principal Taxpayers Remaining Taxpayers Total Principal Taxpayers % Series 1996 Pari Mutuel Wagering Trust Fund Statement of Revenues and Expenditures 2015 Revenues Daily License Occupational License Taxes Interest Miscellaneous Transfer in from General Rev. Fund Total Revenues Expenditures Operating Distribution to Counties Non operating Total expenditures Excess of Revenues Over Expenditures

7 Series 1996 Pari Mutuel Revenues in the State of Florida Total Pari Total State Mutuel State Fiscal Year Attendance Handle Revenue $223,350 Series 1996 Coverage of Amounts Distributed to Each County for the Fiscal Years Ending June 30 (000's omitted) 2015 Total Revenues Operating Expenses Net Revenues Distribution to Counties Coverage x Series 2014 Description of any additional series of Certificates issued under the Trust Agreement, 2015 Insert Required Information Here