St. Lucie County, FL

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Cecilia Pitts
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1 St. Lucie County, FL St. Lucie County Water and Sewer District Utility System Improvement and Refunding Revenue Bonds,, $21,105,000, Dated: December 12, 2013 St. Lucie County, Florida Sales Tax Refunding Revenue Bonds, A, $47,285,000 and B, $9,405,000, Dated July 3, 2013 St. Lucie County, Florida Transportation Revenue Bonds,, $29,685,000, Dated: April 24, 2007 St. Lucie County, Florida State Revenue Sharing Improvement Revenue Bonds,, $12,715,000, Dated: June 28, 2005 St. Lucie County, Florida Public Improvement Refunding Revenue Bonds (800 MHz Emergency Radio System), Series 2004A, $8,0000, Dated: November 10, 2004 St. Lucie County, Florida Special Assessment Refunding Bonds (South Hutchinson Island Wastewater System), Series 1998, $14,920,000, Dated: July 1, 1998 St. Lucie County Port and Airport Authority General Obligation Bonds, Series 1997, $3,500,000, Dated: January 1, 1997 WATER AND SEWER DISTRICT UTILITY SYSTEM IMPROVEMENT Historical Annual Water Demand Fiscal Year Consumptive Use Permit Allocation Water Produced Allocation not used Purchased Water Unaccounted for Non Billable Water ,420,000 42,764,118 69,655, ,352, % Historical Water System Connections and Consumption Fiscal Year ERC's (units) Growth Billed ,454,500 Permitted Treatment Capacity and Actual Treated Wastewater Flows Fiscal Year Permitted Capacity Average Daily Influent Plant Utilization (%) TSS Reduction (%) BODs Reduction (%) Bulk Wastewater Treatment Total Treated , , % ,695, ,000,077 Historical Wastewater System Connections and Consumption Fiscal Year ERC's (units) Growth Billed ,480,000

2 Ten Largest Customer Fiscal Year 2013 Customer Account Atlantic View Ocean Resorts Ocean Harbor South Ocean Harbor North Bryn Mawr Oceanique Aquanique Sea Palms Sands On The Ocean Tiara South Meterd Flow Water Revenue Wastewater Revenue Total Revenue Percent of Total 16,867,800 $ 95, $ 147, $ 278, ,982,600 97, , , ,248,100 60, , , ,073,600 57, , , ,503,000 80, , , ,298,300 36, , , ,924,000 34, , , ,501,300 32, , , ,556, , , ,768,900 24, , , Total 67,724,500 $ 551, $ 813, $ 1,440, % Water and Wastewater Customers Water Fiscal Year Connections Growth Wastewater Billable Flow Connections Growth Billable Flow ,454, ,480,000 SALES TAX REVENUE AB Historical Local Government Half Cent Sales Tax Distributions Total Statewide Sales Tax Distributions St. Lucie County Sales Tax Distribution St. Lucie County % Change Distributions to St. Lucie County as % of Total Distributions 2013 $ 1,069,090,811 $ 6,969, % 0.65% TRANSPORTATION REVENUE Number of Taxable Gallons Sold Motor Fuel Diesel Fuel Total Taxable Gallons 2013 $ 114,275,702 $ 19,7119 $ 134,005,821

3 Seventh Cent Seventh Cent Gas Received 2013 $ 1,121, % Ninth Cent Ninth Cent Gas Tax Revenues Received 2013 $ 1,328, % Six Cents Local Option Gas Six Cents Local Option Gas Tax Revenues Received 2013 $ 1,463, % Five Cents Local Option Gas Five Cents Local Option Gas Tax Revenues Received 2013 $ 1,020, % Constitutional Gas Constitutional Gas Received 2013 $ 2,540, %

4 Total Gas Seventh Cent Gas Ninth Cent Gas Tax Revenues Six Cents Local Option Gas Tax Revenues Five Cents Local Option Gas Constitutional Gas Total Gas 2013 $ 1,121,440 $ 1,328,035 $ 1,463,441 $ 1,020,072 $ 2,540,146 $ 7,473, % STATE REVENUE SHARING IMPROVEMENT County Revenue Sharing Apportionment Factor Data Fiscal Year County Population Total Eligible Counties Population County Unincorporated Population State Unincorporated Population Annual County Sales Tax Collections Annual Statewide Sales Tax Collections ,151 19,259,543 70,920 9,568,861 $ 148,498,961 $ 18,040,245,249 Revenue Sharing Trust Fund For Counties Receipts State Fiscal Years Ended June 30th 2013 Intangible Tax n/a Cigarette Tax $ 7,227,691 Sales Tax $ 336,948,073 Total Receipts $ 344,175,764 Guaranteed Entitlement for Florida Counties $ 329,957 Counties $ 64,756,373 Revenue Sharing Trust Fund Money Revenue Sharing Trust Fund Money 50% of Previous Year's Revenue Sharing Trust Fund Money 2013 $ 3,786,796 $ 1,794,168 Coverage of Maximum Annual Debt Service Requirement FY Ending September 2013 Pledged Revenue Sharing Trust Fund Moneys( $ 1,794,168 Maximum Annual Debt Service Requirement $ 946,419 Debt Service Coverage Ratio 1.90X

5 PUBLIC IMPROVEMENT Series 2004A Radio System Fines Radio System Fines Fines 2013 $ 324,809 Series 2004A Debt Service Coverage Based upon Pledged Revenues FY Ending September 2013 Radio System Fines $ 324,809 Additional Revenues $ Total Pledged Revenues $ 324,809 Maximum Annual Debt Service Coverage $ 367,419 SPECIAL ASSESSMENT (South Hutchinson Island Wastewater System) Series 1998 Tax Assessment Collection Experience South District MSBU Fiscal Year Ended September 2013 Tax Roll Year Total Levied Gross Collected Discounts Allowed Other Credits Total Credits Percent Collected 2012 $ 870,774 $ 784,967 $ 26,059 $ 314 $ 26, % PORT AND AIRPORT AUTHORITY GENERAL OBLIGATION Series 1997 Taxable and Assessed Valuations Fiscal Year Ended September 2013 Tax Roll Year Real Property Personal Property Property Total Assessed Valuation Exemptions Taxable Valuation 2012 $ 18,278,465,727 $ 4,657,503,480 $ 34,711,318 $ 22,970,680,525 $ 7,793,183,273 $ 15,177,497,252

6 Series 1997 Ad Valorem Tax Rates Fiscal Year Ended September 2013 The Authority and St. Lucie County, Florida Ad Valorem Millage Rates Category 2012/2013 Authority Operating Millage Total County and Authority Millage Series 1997 Ten Largest Taxpayers Fiscal Year Ended September 2013 Ten Largest Taxpayers and Tax Levied Taxes Billed for 2013 Tax Year % of Total Taxes Levied Florida Power & Light Copr. $ 43,678, % PSL Acquisitions I LLC $ 9,580, % Bellsouth Communications $ 2,718, % Tropicana Manufacturing Co., Inc. $ 2,505, % Wynne Building Copr. $ 2,432, % Wal Mart Stores East LP $ 2,204, % PSL City Center LLC $ 2,001, % St Lucie Land Ltd $ 1,854, % West Coast Investors $ 1,495, % Island Diversified PSL Landing LLC $ 1,470, % Series 1997 GO Levy and Collection of Ad Valorem Taxes Fiscal Year Ended September 2013 Tax Roll Year Total Levied Additions Total Levied Total Collected Discounts Allowed Total Cash Credits Insolvencies Other Credits Total Credits Percent Collected 2012 $ 433,334,600 $ 751,501 $ 434,086,101 $ 410,779,953 $ 13,940,242 $ 424,720,195 $ (1,753,807) $ 7,612,097 $ 4578, %

THE SCHOOL BOARD OF ST. LUCIE COUNTY, FLORIDA Continuing Disclosure Information Certificates of Participation

THE SCHOOL BOARD OF ST. LUCIE COUNTY, FLORIDA Continuing Disclosure Information Certificates of Participation COP Series Original Par Amount Certificates of Participation, Series 2003A $34,805,000 Certificates