Bakersfield City School District

Transcription

1 Bakersfield City School District CONTINUING DISCLOSURE REPORT FOR FISCAL YEAR ENDED JUNE 30, 2015 General Obligation Bonds General Obligation Refunding Bonds Election General Obligation Bonds 2007 Series A Election General Obligation Bonds 2012 Series B Election General Obligation Bonds 2012 Series C Election General Obligation Bonds 2012 Series D General Obligation Refunding Bonds Series A December 31, 2015 Prepared by: Sherry Gladin Director, Fiscal Services Bakersfield City School District

2 TABLE OF CONTENTS Page Audited Financials. 1 Average Daily Attendance and Revenue Limit Information. 1 General Fund Budget and Actual Results. 1 Outstanding Indebtedness and Lease Obligations. 1 Summary of General Fund Sources and Expenditures 1 Assessed Valuations 1 Secured Tax Charges and Delinquencies. 2 Largest Local Secured Property Taxpayers. 2 Assessed Valuation and Parcels by Land Use 3 Typical Tax Rate 3

3 Audited Financials Average Daily Attendance and Revenue Limit Information General Fund Budget and Actual Results Outstanding Indebtedness and Lease Obligations Summary of General Fund Sources and Expenditures Assessed Valuations Below is the assessed valuation of taxable property in the Bakersfield City School District. BAKERSFIELD CITY SCHOOL DISTRICT Local Secured Total Before Total After and Utility Unsecured Rdv. Increment Rdv. Increment ,247,326, ,859,193 6,553,185,239 6,154,967, ,448,061, ,340,327 7,786,402,093 7,196,302, ,502,581, ,268,648 8,871,849,760 8,083,131, ,849,019, ,914,264 9,222,934,020 8,346,745, ,828,734, ,653,823 8,229,387,975 7,422,696, ,619,779, ,818,546 8,043,597,956 7,280,582, ,335,427, ,910,988 7,749,338,212 7,047,131, ,399,081, ,435,480 7,859,516,923 7,156,800, ,694,910, ,136,806 8,061,047,014 7,361,051, ,094,471, ,418,196 8,458,889,976 7,689,866,716 and Kern County Auditor- Controller- County Clerk 1

4 Secured Tax Charges and Delinquencies Secured Amt. Del. % Del. Tax Charge (1) June 30 June ,743, , ,023, , ,194, , ,253, , ,531, , ,335, , ,587, , ,911, , ,212, , ,774, , (1) Debt service levy only. Largest Local Secured Taxpayers % of Property Owner Primary Land Use Assessed Valuation Total (1) 1. MacPherson Oil Co. Oil & Gas Production $285,484, % 2. Chevron USA Inc. Oil & Gas Production 155,812, California Water Service Co. Water Company 84,298, Kaiser Foundation Health Plan Inc. Office Building 37,534, FM Baker LLC Office Building 32,226, E&B Natural Resource Management Corp. Oil & Gas Production 28,345, Danari Bakersfield LLC Office Building 25,952, Naftex Section 27 Partners LP Oil & Gas Production 25,824, Carson Inn Inc. Hotel 23,463, Baker Cal Venture LP Office Building 23,199, Lee Development LLC Office Building 23,126, SA Recycling LLC Industrial 18,976, Peter P. Bollinger 2003 LLC Shopping Center 16,536, Maya Bakersfield Cinemas LLC Movie Theater 16,520, Wal Mart Real Estate Business Trust Commercial 14,918, Kern Schools Federal Credit Union Credit Union 13,940, Memorial Medical Plaza LLC Office Building 13,281, ABS CA O LLC Commercial 13,094, Sierra International Machines Inc. Industrial 12,820, PCL Industrial Services Inc. Industrial 11,956, $877,313, % (1) Local Secured Assessed Valuation: $8,090,488,864 2

5 Assessed Valuation and Parcels by Land Use % of No. of % of Non-Residential: Assessed Valuation (1) Total Parcels Total Agricultural $ 33,008, % % Commercial 1,034,997, , Professional/Office 598,014, Industrial 405,386, , Recreational 61,035, Government/Social/Institutional 111,467, , Oil & Gas/Mineral Rights 512,736, Subtotal Non-Residential $2,756,646, % 8, % Residential: Single Family Residence $4,165,221, % 37, % Condominium/Townhouse 131,847, , Mobile Home 45,442, , Residential Units 425,411, , Residential Units/Apartments 431,043, Subtotal Residential $5,198,965, % 45, % Vacant Parcels $134,876, % 4, % Total $8,090,488, % 57, % (1) Local Secured Assessed Valuation, excluding tax-exempt property. Typical Tax Rate Below is the summary of typical tax rates within Bakersfield City School District. Typical Total Tax Rates per $100 Assessed Valuation (TRA 1-001) % General Fund Levy Kern County Water Agency Bakersfield City School District Kern High School District Kern Community College District SFID Total All Property Tax Rate and Office of Kern County Auditor- Controller- County Clerk 3