Shasta Union High School District

Transcription

1 Shasta Union High School District Continuing Disclosure Annual Report Fiscal Year Ended June 30, 2015 Prepared by: Shasta Union High School District 2200 Eureka Way, Ste. B Redding, CA

2 Table of Contents I. Introduction... 3 II. Audited Financial Statements... 3 III. Adopted Budget... 3 IV. Enrollment... 3 V. General Fund Revenues and Expenditures from Audited Financial Statements... 3 VI. General Fund Revenues and Expenditures from Adopted Budget... 3 VII. State Funding... 3 VIII. Secured Tax Charges and Delinquencies... 4 IX. Assessed Valuation... 4 X. Largest Taxpayers... 4 Appendix A

3 I. Introduction The Shasta Union High School District ( District ) hereby provides its continuing disclosure annual report pursuant to the Continuing Disclosure Agreements in connection with the following financings for the fiscal year ended June 30, 2015 ( Annual Report ): Exhibit 1 Financings Shasta Union High School District Base CUSIP Financing General Obligation Bonds, Election of 2001, Series General Obligation Bonds, Election of 2001, Series General Obligation Refunding Bonds II. Audited Financial Statements The District s audited financial statements for the fiscal year ended June 30, 2015 have been submitted separately to EMMA (Electronic Municipal Market Access). III. Adopted Budget The District s adopted budget for fiscal year has been submitted separately to EMMA (Electronic Municipal Market Access). IV. Enrollment See the District s adopted budget for the current fiscal year, which has been submitted separately to EMMA, for enrollment in the District for the preceding fiscal year. V. General Fund Revenues and Expenditures from Audited Financial Statements See the District s audited financial statements for fiscal year ended June 30, 2015, which have been submitted separately to EMMA, for a summary of audited actual general fund revenues and expenditures for the preceding fiscal year. VI. General Fund Revenues and Expenditures from Adopted Budget See the District s adopted budget for the current fiscal year, submitted separately to EMMA, for a summary of budgeted general fund revenues and expenditures for the current fiscal year. VII. State Funding See the District s audited financial statements for fiscal year ended June 30, 2015, which have been submitted separately to EMMA, for information regarding state funding received by the District for the preceding fiscal year. 3

4 VIII. Secured Tax Charges and Delinquencies Humboldt County, while on the Teeter Plan, does not participate in the Teeter Plan with respect to tax levies for debt service on general obligation bonds. Secured property taxes actually collected for such purpose are allocated to political subdivisions for which the County acts as tax levying or tax collecting agency, including the District, when such secured property taxes are actually collected. As a consequence, the District s receipt of taxes levied for its general obligation bonds are subject to delinquencies. The District is not able to include secured tax charges and delinquencies information in its Annual Report because information regarding secured tax charges and delinquencies in the District is not made available to the District from the County. IX. Assessed Valuation See Appendix A for assessed valuation in the District for the current fiscal year. Source: California Municipal Statistics, Inc. X. Largest Taxpayers See Appendix A for the largest local secured taxpayers in the District for the current fiscal year. Source: Urban Futures, Inc. 4

5 Appendix A Assessed Valuation Largest Taxpayers

6 March 3, 2016 SHASTA UNION HIGH SCHOOL DISTRICT Assessed Valuation Local Secured Utility Unsecured Total $8,815,639,195 $5,339,734 $352,413,074 $9,173,392,003

7 SHASTA UNION HIGH SCHOOL DISTRICT Largest Local Secured Taxpayers % of Property Owner Primary Land Use Assessed Valuation Total (1) 1. Mpt Of Shasta LP Commercial $65,300, % 2. Rpi Shasta Mall LP Commercial 34,994, % 3. McConnell Foundation Commercial 31,738, % 4. Shasta Station LLC Commercial 26,600, % 5. Wal-Mart Real Estate Bus Trst Commercial 22,644, % 6. Safeway Inc Commercial 22,628, % 7. Knighten Gary & Patsy 1995 Trust Multi-Family Residential 16,777, % 8. Sierra Pacific Industries Industrial 15,419, % 9. Redding Bank Of Commerce Commercial 14,127, % 10. Fazio Mountain LLC Multi-Family Residential 14,059, % 11. Ventas Shasta Estates LP Commercial 13,285, % 12. Winco Foods LLC Commercial 12,948, % 13. Redding Rancheria Commercial 12,830, % 14. Hilltop Center I LLC Commercial 12,800, % 15. Parker Place Group LLC Commercial 12,800, % 16. Marx Family 2012 Trust Multi-Family Residential 11,907, % 17. Costco Wholesale Corp Commercial 11,694, % 18. J F Shea Construction Inc Commercial 11,629, % 19. California Physicians Service Commercial 11,447, % 20. Mpt Of Redding LLC Commercial 11,309, % $386,942, % (1) Local Secured Assessed Valuation: $8,815,639,195. Source: Urban Futures, Inc. with information from the Shasta County Secured Property Tax Roll.