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Fiscal Year 21105-06 Capital Funding Options
<br /> Major Components
<br />io of Policy Option 1 Option 2
<br /> Separated Between Schools and County and Reduced by Dedicated Revenues (including Property
<br /> Tax Dedicated to retire voter approved debt service, public school building f unds and school
<br />~ ~ Debt Servic construction im act fees
<br /> Cedar Ridge Deb
<br /> and Peak Deb
<br />12 Servic Remain with OCS Removes from OCS
<br /> Net Pay-As-You-G
<br />~a Fund Slit 60!40 60%to Schools and 40% to Count
<br /> 3 Cents Dedicated to School Recurring Capital Remains with Schools; One Cent Dedicated to
<br />~a Recurring Capita County Capital Projects Remains with County
<br />22
<br />23 Debt Service:
<br />2a Existing and Projected School Debt 13,213,672 14,925,041
<br />25 Less: Public School Building Funds (802,000) (802,000}
<br />26 Less: School Construction Impact Fees (2.570,000) (2,570.000}
<br />27 Net School Debt 9,841,672 11,553,041
<br />2a Existing and Projected County Debt 5,098,081 5,098,081
<br />2s Less: Skills Development Center Rental j85,000) (65.000)
<br />3o Less: Inmate Jail Fees 164,000 164,000
<br />31 Net Coun Debt 4,849,081 4,849,081
<br />32 Net Debt Service 14,690,753 16,402,122
<br />
<br />ss Less: Property Tax Dedicated to Retire Debt
<br />Service
<br />14,322,698
<br />14,322,698
<br /> Remaining Debt Service to Pay from Sales Tax
<br />sa Revenues 368,055 2,079,424
<br /> Projected Sales Tax (March 23, 2005
<br />35 projections) 9,586,210 9,58fi,210
<br /> Net Amount Available for School and County
<br /> Capital Projects (Projected Sales Tax less
<br />36 Remainin Debt Service to Pa 9,218,155 7,506,786
<br />a~ Allocation of Net Amount Available
<br />a2 For Schools 60% 5,530,893 4,504,072
<br />a3 For Count 40% 3,687,262 3,002,714
<br />as Net Amount Available 9,218,155 7,50fi,78fi
<br />as Schools
<br />as From Above 5,530,893 4,504,072
<br />a~
<br />
<br /> Property Tax Dedicated (3 cents) to School
<br /> Recurring capital (in accordance with BOCC
<br />as ado ted olic) 3,487,950 3,487,950
<br />as Total Amount for Schools 9,018,843 7,992,022
<br />
<br />5o Allocation -Schools
<br />si OCS Share of Net 38.50% 3,472,255 3,076,928
<br />52 Impact Fees - -
<br />53 Peak Debt Service 275,581 -
<br />sa Less: OCS onion of new HS debt 1,711,369) -
<br />ss TotaIOCS 2,036,467 3,076,928
<br />56 Sales Tax 61.50% 5,546,588 4,915,093
<br />57 Im act Fees - -
<br />ss Total CHCCS 5,546,588 4,915,043
<br />
<br />ss Allocation -County
<br />6o Sales Tax 3,887.262 3,002,714
<br />61 E uivalent of One Cent on ro ert tax 1,162,650 1,162,650
<br />62 Restricted -County
<br />6s Transfer from General Fund Human Sen+ices
<br />6a Transfer from General Fund Utilities Extension
<br />65 Transfer from General Fund for Lands Le ac
<br />66 Total County 4,849,912 4,165,364
<br />an2r2on5 1216
<br />200506 options to use for april 20 presentation0506 options 1 & 2
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