Okaloosa County BOCC — May 20, 2014 — CAFR_13 — reading text

PERCENTAGE FISCAL OBLIGATION REVENUE CAPITAL PAPER AND PRIVATE WATER AIRPORT WASTE CENTER CAPITAL PRIMARY OF PERSONAL PER YEAR BONDS(1) BONDS (2) LEASES (3) BANK LOAN (4) BONDS (5) BONDS (6) BONDS (7) BONDS (8) LEASES GOVERNMENT INCOME CAPITA 2004 $1,599,772 $0 $566,446 $0 $39,098,543 $10,860,000 $1,382,074 $13,235,000 $0 $66,741,835 1.12% $369 2005 $1,462,338 $0 $430,218 $0 $36,832,336 $10,635,000 $1,263,342 $12,780,000 $0 $63,403,234 0.99% $341 2006 $1,321,071 $0 $294,832 $0 $40,196,034 $10,635,000 $1,141,298 $12,235,000 $0 $65,823,235 0.97% $348 2007 $1,161,258 $0 $151,578 $0 $98,789,222 $10,405,000 $1,003,232 $12,280,000 $0 $123,790,290 1.73% $642 2008 $857,792 $0 $0 $3,580,000 $95,688,762 $22,150,000 $741,063 $12,010,000 $0 $135,027,617 1.81% $687 2009 $530,526 $0 $0 $3,360,000 $92,162,708 $21,905,000 $458,332 $12,010,000 $0 $130,426,566 1.75% $663 2010 $182,412 $26,615,000 $0 $3,140,000 $88,501,056 $21,430,000 $157,589 $11,725,000 $0 $151,751,057 2.03% $772 2011 $0 $30,215,000 $0 $2,740,000 $84,700,701 $22,693,018 $0 $3,490,000 $0 $143,838,719 1.92% $732 2012 $0 $29,905,000 $0 $0 $95,984,441 $23,995,407 $0 $1,685,000 $0 $151,569,848 2.03% $771 2013 $0 $29,192,000 $0 $5,000,000 $84,863,512 $17,860,000 $0 $155,000 $0 $137,070,512 1.83% $697 (1) Includes Refunding, Revenue & Improvement Bonds, 1985 and Capital Imprvement Bonds, 1991 (2) Includes Sales Tax Revenue Bonds, Series 2009 and Capital Improvement Revenue Bond, Series 2011 (3) Includes Capital Leases and Operating Leases with Escalator Clauses (4) Includes Florida Local Government Finance Commission Pooled Paper Loan and Private Bank Loan (5) Includes State Pollution Control Bonds, Subordinated Revenue, 1985, Refunding, Revenue, 2004, 2006, State Revolving, and 2012 Revenue Note (6) Includes Revenue Bonds 2003 and 2007, Florida Local Government Finance Commission Pooled Paper Loan, and State Infrastructure Bank Loans (7) Includes Capital Impovement Bonds, 1991 (8) Includes Fourth Cent Tourist Development Tax Revenue Bonds, 2000  Debt by Type Per Capita Debt Last Ten Fiscal Years Last Ten Fiscal YEars $140,000,000 $900 $800 $120,000,000 $700 $100,000,000 $600 $80,000,000 $500 $60,000,000 $400 $300 $40,000,000 $200 $20,000,000 $100 $0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 $0 Government Debt Business type Debt 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 UNAUDITED SCHEDULE 11 PLEDGED-REVENUE BOND COVERAGE FISCAL Gross Operating Direct Operat Net Revenue WATER REVENUE BONDS AND NOTES (PRINCIPAL + INTEREST) YEAR Revenue Expense Avail -Debt Serv 1985 1992 1993 1998 2004 2006 2012 TOTAL COVERAGE 2004 $21,830,902 $13,870,719 $7,960,183 $68,677 $332,293 $7,293,005 $7,333,152 $2,902,268 $0 $0 $17,929,395 0.44 2005 $21,917,622 $14,246,469 $7,671,153 $68,680 $337,060 $0 $0 $3,390,070 $0 $0 $3,795,810 2.02 2006 $23,719,695 $15,272,060 $8,447,635 $68,680 $331,924 $0 $0 $3,422,370 $0 $0 $3,822,974 2.21 2007 $26,745,817 $15,974,674 $10,771,143 $68,677 $194,186 $0 $0 $2,967,970 $1,171,405 $0 $4,402,238 2.45 2008 $24,694,611 $16,827,092 $7,867,519 $67,831 $0 $0 $0 $2,964,695 $1,900,194 $0 $4,932,720 1.59 2009 $23,481,347 $16,371,638 $7,109,709 $67,743 $0 $0 $0 $2,976,286 $509,283 $0 $3,553,312 2.00 2010 $24,831,872 $15,267,581 $9,564,291 $67,648 $0 $0 $0 $801,210 $5,171,437 $0 $6,040,295 1.58 2011 $25,895,709 $16,650,924 $9,244,785 $67,542 $0 $0 $0 $982,850 $4,989,988 $0 $6,040,380 1.53 2012 $26,581,965 $15,571,980 $11,009,985 $67,426 $0 $0 $0 $3,728,770 $0 $533,531 $4,329,727 2.54 2013 $26,685,108 $15,295,914 $11,389,194 $68,003 $0 $0 $0 $3,754,732 $2,837,287 $489,839 $7,149,861 1.59 UNAUDITED SCHEDULE 11 PLEDGED-REVENUE BOND COVERAGE PLEDGED-REVENUE BOND COVERAGE AIRPORT REVENUE BONDS FISCAL Gross Operating Direct Operat Net Revenue (PRINCIPAL + INTEREST) YEAR Revenue Expense Avail -Debt Serv 2003 2007 TOTAL COVERAGE 2004 $4,716,535 $2,696,158 $2,020,377 $157,772 $0 $157,772 12.81 2005 $6,017,008 $3,768,649 $2,248,359 $719,499 $0 $719,499 3.12 2006 $7,462,550 $4,221,206 $3,241,344 $797,195 $0 $797,195 4.07 2007 $8,302,612 $4,851,237 $3,451,375 $796,109 $0 $796,109 4.34 2008 $8,039,113 $5,132,705 $2,906,408 $788,232 $263,413 $1,051,645 2.76 2009 $8,557,210 $5,674,469 $2,882,741 $789,413 $208,221 $997,634 2.89 2010 $9,118,672 $6,036,864 $3,081,808 $799,213 $891,775 $1,690,988 1.82 2011 $9,602,757 $7,893,609 $1,709,148 $797,950 $887,675 $1,685,625 1.01 2012 $9,502,093 $8,056,047 $1,446,046 $795,575 $892,975 $1,688,550 0.86 2013 $9,334,305 $7,117,500 $2,216,805 $797,393 $887,075 $1,684,468 1.32 PLEDGED-REVENUE BOND COVERAGE CONFERENCE CENTER REVENUE BONDS FISCAL Gross Operating Direct Operat Net Revenue (PRINCIPAL + INTEREST) YEAR Revenue Expense Avail -Debt Serv Bond TOTAL COVERAGE 2004 $4,361,084 $1,977,740 $2,383,344 $946,320 $946,320 2.52 2005 $4,479,689 $2,309,740 $2,169,949 $940,980 $940,980 2.31 2006 $5,120,607 $2,401,044 $2,719,563 $944,700 $944,700 2.88 2007 $5,603,899 $2,841,814 $2,762,085 $942,695 $942,695 2.93 2008 $5,358,647 $3,163,561 $2,195,086 $955,073 $955,073 2.30 2009 $5,249,570 $3,419,702 $1,829,868 $671,573 $671,573 2.72 2010 $4,617,857 $3,094,242 $1,523,615 $942,038 $942,038 1.62 2011 $6,062,145 $2,597,664 $3,464,481 $8,929,631 $8,929,631 0.39 2012 $6,110,432 $3,509,121 $2,601,311 $1,903,563 $1,903,563 1.37 2013 $6,258,565 $2,437,430 $3,821,135 $1,535,370 $1,535,370 2.49 UNAUDITED SCHEDULE 12 COMPUTATION OF DIRECT AND UNDERLYING DEBT (1) PERCENT NET APPLICABLE COUNTY'S SHARE DIRECT: BONDED DEBT (2) TO COUNTY OF NET DEBT OKALOOSA COUNTY (NO BONDED DEBT) $0 0% $0 UNDERLYING: OKALOOSA COUNTY SCHOOL BOARD