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Fiscal Year 2005-06 Capital Funding Options
<br /> Major Components
<br />10 of Policy Option 3 Option 4
<br />11 Debt Servic Same as Option 1
<br />12 and Peak Deb Remain with OCS Removes from OCS
<br /> Net Pay-As-You-G
<br />13 Fund Same as Option 1
<br /> 3 Cents Dedicated to School Recurring Capital Along With One Gent Dedicated to County Capital
<br />14 Recurring Capita Projects Split 60140 Between School and County Capital
<br />22
<br />23 Debt Service: I
<br />24 Existing and Projected School Debt 13,213,672 I 14,925,041
<br />25 Less: Public School Building Funds (802,000) (802,000)
<br />26 Less: School Construction Impact Fees {2,570,000) {2,57Q000)
<br />27 Net School Debt 9,841,672 11,553,041
<br />28 Existing and Projected County Debt 5,098,081 I 5,098,081
<br />29 Less: Skills Development Center Rental (85,000) (85,000)
<br />30 Less: Inmate Jail Fees (164,000) (164,000)
<br />31 Net Caun Debt 4,849,081 4,849,081
<br />32 Net Debt Service 14,690,753 16,4D2,122
<br /> Less: Property Tax Dedicated to Retire Debt ~
<br />33 Service 14,322,698 ~ 14,322,698
<br /> Remaining Debt Service to Pay from Sales Tax ~
<br />3q Revenues 368,055 i 2,079,424
<br /> Projected Sales Tax (March 23, 2005 i
<br />35 projections) 9,586,210 ~ 9,586,21D
<br /> Net Amount Available far School and County ~
<br /> Capital Projects (Projected Sales Tax less 1
<br />3s Remainin debt Service to Pa 9,218,155 , 7,5D6,786
<br />37 Recurrin C ital for Schools and Count
<br /> Property Tax Dedicated (3 cents) to Schools i
<br /> Recurring Capital (in accordance with BOCC ~
<br />38 ado ted olic 3,487,950 3,487,95D
<br /> Property Tax Dedicated to SehaollCounty i
<br /> Capital (1 cent) (in accordance with current ~
<br />39 BOCC Ca ital Fundin alic 1,162,650 1,162,65D
<br /> Total Properly Tax Dedicated to Schaal and 1
<br />4o Count Recurrin C ital er current oli 4,650,600 : 4,65D,600
<br /> Allocation of Net Amount Available (Including Total Property Tax
<br />41 Dedicated to School and Gaunty Recurring Capital)
<br />42 For Schools 60% 8,321,253 7,294,432
<br />43 ForCoun 40% 5,547,502 4,862,954
<br /> Net Amount Available (including Recurring
<br />qq Capital) 13,868,755 12,157,386
<br />45 Schools
<br />46 From Above 8,321,253 I 7,294,432
<br />49 Total Amount for Schools 8,321,253 ~ 7,294,432
<br />
<br />5o Allocation -Schools ,
<br />51 OCS Share of Net 38.50% 3,2D3,682 2,8D8,356
<br />52 Impact Fees - -
<br />53 Peak Debt Service 275,581 -
<br />54 Less: OCS onion of new HS debt 1,711,369 -
<br />55 TataIOCS 1,767,894 2,808,356
<br />56 Sales Tax 61.50% 5,117,571 4,486,075
<br />57 Impact Fees - -
<br />58 Total CHCCS 5,117,571 4,486,075
<br />
<br />59 Allocation -County
<br />60 Sales Tax 5,547,502 4,862,954
<br />61
<br />62 Restricted - Gounty
<br />63 Transfer from General Fund Human Services
<br />64 Transfer from General Fund Utilities Extension
<br />65 Transfer from General Fund for Lands Le ac
<br />66 Total County 5,547,502 4,862,954
<br />4122'2005 12:18 200506 options to use for april 20 presentation0506 options 3 & 4
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