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Fiscal Year 2005 -06 Capital Funding Options
<br />Color Legend
<br />Projected Sales Tax Annual
<br />Property Tax Dedicated to Retire Debt Service
<br />Debt Service
<br />Net Available for School and County Capital Projects
<br />Recurring Capital
<br />Percentage Split Between School and County Capital Projects
<br />Restricted County Revenues
<br />Major Components
<br />Current Policy including Recurring Capital)
<br />of Policy
<br />Option 1
<br />Option 2
<br />Option 3
<br />Separated Between Schools and County and Reduced
<br />by Dedicated
<br />Revenues (including Property Tax Dedicated to retire voter approved debt
<br />Debt Service
<br />service, public school building funds and school construction impact fees)
<br />Same as Option 1
<br />Same as Option 1
<br />Same as Optic
<br />Cedar Ridge Deb
<br />and Peak Deb
<br />Service
<br />Remain with OCS
<br />Removes from OCS
<br />Remain with OCS
<br />Removes from
<br />Net Pay -As -You -G
<br />Fund Split 60/40 (60% to Schools and 40% to County)
<br />ISame as Option 1
<br />Same as Option 1
<br />Same as Optic
<br />3 Cents Dedicated to School Recurring Capital Along With One Cent
<br />3 Cents Dedicated to School Recurring Capital Remains with Schools;
<br />Recurring Capita One Cent Dedicated to County Capital Projects Remains with County
<br />Same as Option 1
<br />Dedicated to County Capital Projects Split 60/40 Between School and
<br />County Capital
<br />Same as Optic
<br />Revenue:
<br />Projected Sales Tax (March 23, 2005
<br />projections)
<br />9,586,210
<br />Sales Tax March 23, 2005 projections)
<br />9,586,210
<br />Property Tax Dedicated to Retire Debt Service
<br />13,119,933
<br />Property Tax Dedicated to Retire Debt Service
<br />-
<br />Skills Dev Ctr Rental
<br />85,000
<br />Skills Dev Ctr Rental
<br />Inmate Jail Fees
<br />164,000
<br />Inmate Jail Fees
<br />Total Revenue
<br />22,955,143
<br />Total Revenue
<br />9.586,210
<br />Debt Service:
<br />Debt Service:
<br />Debt Service:
<br />Debt Service:
<br />Debt Service:
<br />Existing and Projected
<br />18,311,753 Existing and Projected School Debt
<br />13,213,672
<br />Existing and Projected School Debt
<br />14,925,041
<br />Existing and Projected School Debt
<br />13,213,672
<br />Existing and 1
<br />Less: Public School Building Funds
<br />802,000
<br />Less: Public School Building Funds
<br />802,000
<br />Less: Publ
<br />Less: Public School Building Funds 802,000
<br />Less: Property Tax Dedicated to Retire Debt
<br />Service
<br />- Less: School Construction Impact Fees
<br />2,570,000)
<br />Less: School Construction Impact Fees
<br />2,570,000
<br />Less: School Construction Impact Fees
<br />2,570,000
<br />Less: Schc
<br />Less: Skills Development Center Rental
<br />Net School Debt
<br />9,841,672
<br />Net School Debt
<br />11,553,041
<br />Net School Debt
<br />9,841,672
<br />Net ScIF
<br />Less: Inmate Jail Fees
<br />Existing and Projected County Debt
<br />5,098,081
<br />Existing and Projected County Debt
<br />5,098,081
<br />Existin and Projected County Debt
<br />5,098,081
<br />Existing and I
<br />Less: Public School Building Funds
<br />Less: Skills Development Center Rental
<br />85,000
<br />Less: Skills Development Center Rental
<br />85,000
<br />Less: Skills Development Center Rental
<br />85,000
<br />Less: Skill;
<br />Less: School Construction Impact Fees
<br />- Less: Inmate Jail Fees
<br />164,000
<br />Less: Inmate Jail Fees
<br />164,000
<br />Less: Inmate Jail Fees
<br />164,000
<br />Less: Inma
<br />Net County Debt
<br />4,849,081
<br />Net County Debt
<br />4,849 081
<br />Net County Debt
<br />4,849,081
<br />Net Cot
<br />Total Debt Service
<br />18,311,753 Net Debt Service
<br />14,690,753
<br />Net Debt Service
<br />16,402,122
<br />Net Debt Service
<br />14,690,753
<br />Less: Property Tax Dedicated to Retire Debt
<br />Less: Property Tax Dedicated to Retire Debt
<br />Less: Property Tax Dedicated to Retire Debt
<br />Less: Properi
<br />Revenue Less Debt
<br />4,643390 Service
<br />14,322 698
<br />Service
<br />14,322,698
<br />Service
<br />14,322,696
<br />Service
<br />Net Amount Available for School and County
<br />Remaining Debt Service to Pay from Sales Tax
<br />Remaining Debt Service to Pay from Sales Tax
<br />Remaining Debt Service to Pay from Sales Tax
<br />Remaining De
<br />Capital Projects
<br />4,643,390 Revenues
<br />368,055
<br />Revenues
<br />2,079,424
<br />Revenues
<br />368,055
<br />Projected Sales Tax (March 23, 2005
<br />Projected Sales Tax (March 23, 2005
<br />Projected Sales Tax (March 23, 2005
<br />Projected Sak
<br />projections)
<br />9,586,210
<br />projections)
<br />9,586,210
<br />projections)
<br />9,586,210
<br />projections)
<br />Net Amount Available for School and County
<br />Net Amount Available for School and County
<br />Net Amouni
<br />Net Amount Available for School and County
<br />Capital Projects (Projected Sales Tax less
<br />Capital Projects (Projected Sales Tax less
<br />Capital Projects (Projected Sales Tax less
<br />Capital P
<br />y Tax Dedicated (3 cents) to Schools Property Tax I
<br />ng Capital (in accordance with BOCC Recurring Cal;
<br />ty Tax Dedicated to School /County
<br />1 (1 cent) (in accordance with current
<br />
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