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~ Fiscal Year 2005-06 Capital Funding Options
<br />2
<br />Current Policy (including Recurring Capital)
<br />Revenue:
<br />Projected Sales Tax (March 23, 2005
<br />projections)
<br />9,586,210
<br />Property Tax Dedicated to Retire Debt Service 13,119,933
<br />
<br />Skills Dev Ctr Rental 85,000
<br />Inmate Jail Fees 164,000
<br />Total Revenue 22,955,143
<br />
<br />Debt Service:
<br />Existing and Projected 18,311,753
<br />
<br />Less: Property Tax Dedicated to Retire Debt
<br />Service
<br />-
<br />Less: Skills Development Center Rental -
<br />Less; Inmate Jail Fees -
<br />Less: Public School Building Funds -
<br />Less: School Construction Impact Fees -
<br />
<br />Total Debt Service 18,311,753
<br />Revenue Less Debt 4,643,390
<br />Net Amount Available for School and County
<br />Capital Projects
<br />4,643,390
<br />Allocation of Net Amount Available
<br />ForSchools 50%
<br />2,321,695
<br />For County 50% 2,321,695
<br />Net Amount Available 4,643,390
<br />Schools
<br />From Above 2,321,695
<br />Transfer from GF in lieu of PSBF 802,000
<br />Property Tax Dedicated (3 cents) to School
<br />Recurring capital (in accordance with BOCC
<br />adopted policy)
<br />
<br />3,487,950
<br />Total Amount for Schools 6,611,645
<br />Allocation -Schools
<br />OCS Share of Net 38.50%
<br />2,545,483
<br />Impact Fees 970,000
<br />Peak Debt Service 275,581
<br />Less: OCS portion of new HS debt (1,711,369)
<br />TotaIOCS 2,079,695
<br />CHCCS Share of Net 61.50% 4,066,162
<br />Impact Fees 1,600,000
<br />Total CHCCS 5,666,162
<br />Allocation -County
<br />Sales Tax 2,321,695
<br />Equivalent of One Cent on property tax 1,162,650
<br />Restricted - Gounty
<br />Transfer from General Fund Human Services 50,000
<br />Transfer from General Fund Utilities Extension 50,000
<br />Transfer from General Fund for Lands Legacy 100,000
<br />Total County 3,684,345
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<br />4122!2005 12:17
<br />200506 options to use for april 20 presentation0506 current
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