Osceola County, FL UPDATED 3/2014

Transcription

1 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 (Rida Conference Center Phase One Project), Series 2012 $12,565,000, Dated: February 1, 2012 Infrastructure Sales Surtax Revenue Refunding Bonds, Series 2011 $29,500,000, Dated: December 9, 2011 Limited General Obligation Bonds, Series 2010 $24,295,000, Dated: August 26, 2010 Sales Tax Revenue Refunding Bonds, Series 2010 $43,470,000, Dated: March 25, 2010 Capital Improvement Revenue Bonds, Series 2009A $42,430,00; Taxable Capital Improvement Revenue Bonds, Series 2009B (Federally Taxable Build America Bonds-Direct Subsidy) $83,050,000 and Taxable Capital Improvement Revenue Bonds, Series 2009C (Federally Taxable-Build America Bonds-Recovery Zone Economic Development Bonds-Direct Subsidy) $6,770,000, Dated: October 2, 2009 Sales Tax Revenue Bonds, Series 2009 $48,735,000, Dated: January 27, 2009 Infrastructure Sales Surtax Revenue Bonds, Series 2007 $75,000,000, Dated: June 6, 2007 Limited General Obligation Bonds, Series 2006 $15,295,000, Dated: July 26, 2006 Transportation Improvement Refunding Bonds (Osceola Parkway Project) Series 2004 $110,935,000, Dated: January 22, 2004 West 192 Redevelopment Area Municipal Service Benefit Unit Special Assessment Bonds (Phase IIC), Series 2003 $4,415,000, Dated: July 11, 2003 Series 2012 ( ) Historical Tourist Development Tax Revenues Tourist Unaudited CAFR page 215 Year Ended Development Percentage September 30 Tax Revenues Change Series 2012 ( ) Tourist Development Debt Service Coverage Unaudited CAFR page 215 Year Ended September 30 Tourist Development Tax Revenues Maximum Annual Debt Service Debt Service Coverage Series 2012 ( ) Historical Tourist Development Tax (Fifth Cent) Revenues Fifth Cent Tourist Year Ended Development Percentage September 30 Tax Revenues Change Unaudited CAFR page 215

2 Series 2012 ( ) Historical Rida Special Assessment Proceeds Years Ended September 30, Hotels Villas & Condominiums Total (Estimate for Hotel/Villa split and FY12 is the amount available towards debt service) Series 2012 ( ) Debt Service Coverage Years Ended September 30 Unaudited CAFR page 215 Fifth Cent Tourist Development Tax Rida Special Assessments Total Maximum Bond Service Requirement Debt Service Coverage (x) Series 2011, 2007 Historical Population Distribution Factors Year Ended City of City of School District of Unaudited CAFR page 218 September 30 Osceola County Kissimmee St. Cloud Osceola County 53.5% 13.5% 8.0% 25.00% Series 2011, 2007 Historical Infrastructure Sales Surtax Revenues Unaudited CAFR page 213 Infrastructure Year Ended Sales Surtax Percentage September 30 Revenues Change Series 2011, 2007 Infrastructure Debt Service Coverage Unaudited CAFR page 213 Year Ended September 30 Infrastructure Sales Surtax Revenues Maximum Annual Debt Service Debt Service Coverage

3 Series 2011 Schedule of County Contributions to Florida Retirement System Year Ended Annual Required Percentage Unaudited CAFR page 80 September 30 Contribution Contribution Series 2011 Unaudited CAFR page 80 Schedule of Funding Progress for OPEB (As of September 30, ) Actuarial Accrued Actuarial Valuation Actuarial Value Liability (AAL) - Unrefunded AAL UAAL as a percentage Date of Assets Entry Age (UAAL) Funded Ratio Covered Payroll of Covered Payroll Unaudited CAFR page 204 Property Tax Rates All Direct and Overlapping Governments Year School South Florida Everglades City of City of Management Water Mgmt. Construction Okeechobee St. Cloud Kissimmee County Library District District Project Basin Total Unaudited CAFR page 226 Total Property Value, Commercial Construction Value, and Residential Construction Value Year Residential Construction Property Commercial Number Value Total Construction Value of Units Value, 2003 Property Tax Levies and Collections Unaudited CAFR page 207 (In Thousands) Percent of Total Current Tax Current Tax Delinquent Tax Total Tax Year Tax Levy Collections Collections Collections Collections

4 Unaudited CAFR page 32 Summary Schedule of Revenue, Expenditures and Changes in Fund Balances - General Funds Years Ended September 30 Revenues Taxes Intergovernmental Charges for services Fines and forfeitures Interest income Miscellaneous Total revenues Expenditures: General government Public safety Physical environment Transportation Economic environment Human services Culture and recreation Court related Debt service: Principal retirement Interest and fiscal charges Total expenditures Excess (deficiency) of revenue over (under) expenditures Other financing sources (uses): Insurance claims reimbursements Transfer in Transfer out Total other financing sources (uses) Net change in fund balances Fund balance, beginning of year Increase (decrease) in reserve for inventory of supplies Fund balance, end of year Long-Term Debt (As of September 30, ) General Description Outstanding Balance Unaudited CAFR page 62 & 63 Total Comparative Ratios of Bonded Debt to Taxable Assessed Valuation and Per Capita Indebtedness As of September 30, Population 288,361 Unaudited CAFR page 224 Total Net Taxable Assessed Valuation $16,466,996 Unaudited CAFR page 203 Total General Long Term Debt $587,490 Unaudited CAFR page 63 As a Percent of Net Taxable Assessed Valuation 3.570% Per Capita $2,037.34

5 Twenty Largest Principal Taxpayers As of September 30, Unaudited CAFR page 206 (in thousands) Taxable % of Total Assessed Assessed Taxpayer Value Valuation Total taxable assessed value of 20 largest taxpayers Total taxable assessed value of all other taxpayers Total taxable assessed value of all taxpayers Unaudited CAFR page 211 Debt Service Coverage Maximum Annual Year Ended Debt Service Ad Valorem Tax Debt Service 30-Sep Requirement Collections Coverage Series 2010, 2009 Historical Sales Tax Revenues Unaudited CAFR page 212 Percentage Year Ended Sales Tax Change from Prior September 30 Revenues Year Series 2010 Sales Tax Revenue Debt Service Coverage Year Ended Sales Tax Debt Service Unaudited CAFR page Sep Revenue Coverage

6 Series 2009ABC Communications Services Tax Revenues Communications Unaudited CAFR page 214 Year Ended Services Percentage September 30 Tax Revenues Change Series 2009ABC Unaudited CAFR page 214 Public Service Tax Revenues Year Ended Public Service Percentage September 30 Tax Revenues Change Series 2009ABC Communications Debt Service Coverage Unaudited CAFR page 214 Communications Services Tax Revenues Year Ended Maximum Annual Plus Public Service Debt Service 30-Sep Debt Service Tax Revenues Coverage Series 2004 Unaudited CAFR page 217 Total Parkway Gross Toll Revenues - Actual (in millions) Year Shingle Creek Mainline Poinciana Ramps TOTAL Actual Modeled Actual Modeled Actual Modeled

7 Series 2004 Parkway Net Toll Revenues Unaudited CAFR page 217 (in millions) Year Total Net Operating System Gross and Maintenance System Net Toll Revenues Expenses Toll Revenues Series 2004 Historical Distribution of Constitutional Gas Tax Revenues to Osceola County Year Ended Total Distributed Percentage September 30 to County Change N/A Series 2003 Unaudited CAFR page 220 Phase IIC Commercial Property Uses and Assessed Values As of September 30, Average Highest Number % of Total Assessed Value Assessed Value Total % of Total DOR Use Code of Parcels Parcels per Parcel per Parcel Assessed Value Assessed Value Automotive/ Service Stations Hotels/ Motels Offices Parking Lots/ Mobile Home Parks Recreational Businesses Rental Property Restaurants Shopping Centers Timeshares Vacant Commercial Property Vacant Residential Property Warehouse/ Manufacturing Totals

8 Series 2003 Twenty Largest Owners by Assessed Value Phase IIC Benefit Area As of September 30, Unaudited CAFR page 221 Number of Sum of % of Total Owner Parcels Assessed Value Assessed Value Top 10 Phase IIC Property Owners Next 10 Phase IIC Property Owners Total Top 20 Phase IIC Property Owners Series 2003 Ten Largest Owners by Projected Annual Phase IIC Capital Assessment Phase IIC Benefit Area Unaudited CAFR page 221 As of September 30, Owner Number of Parcels Phase IIC Capital IIC Capital Total Series 2009ABC, 2009 Description of Indebtedness Payable in Whole or in Part from the Pledged Funds As of September 30, (Insert required information here)