Okaloosa County BOCC — May 20, 2014 — reading text

$18,193,626 0.19% FRENCH QUARTER II LLC $17,506,218 0.18% TOTAL PRINCIPAL TAXPAYER VALUE $489,616,622 3.55% $367,694,260 3.82% TOTAL TAXABLE ASSESSED VALUE $13,796,745,537 100.0% $9,618,024,001 100.0% SOURCE: OKALOOSA COUNTY PROPERTY APPRAISER Packet Pg. 241 Principal Property Tax Payers Current Year 2013 Principal Tax Payers 3.55% Taxable Assessed Value 96.45% Principal Property Tax Payers Year 2004 Principal Tax Payers 3.82% Taxable Assessed Value 96.18% Packet Pg. 242 UNAUDITED SCHEDULE 9 PROPERTY TAX LEVIES AND COLLECTIONS - LAST TEN FISCAL YEARS COLLECTED WITHIN THE TAXES LEVIED FISCAL YEAR OF THE LEVY COLLECTIONS TOTAL COLLECTIONS TO DATE FISCAL FOR THE PERCENTAGE IN SUBSEQUENT PERCENTAGE YEAR FISCAL YEAR AMOUNT OF LEVY YEARS AMOUNT OF LEVY 2004 $42,144,165 $40,556,384 96.2% $150,954 $40,707,338 96.6% 2005 $45,794,926 $45,449,663 99.2% $181,918 $45,631,581 99.6% 2006 $57,849,177 $55,634,769 96.2% $184,070 $55,818,839 96.5% 2007 $65,531,728 $63,181,930 96.4% $100,657 $63,282,587 96.6% 2008 $63,123,125 $62,249,498 98.6% $173,101 $62,422,599 98.9% 2009 $57,679,952 $56,797,501 98.5% $198,907 $56,996,408 98.8% 2010 $53,408,513 $52,477,263 98.3% $137,394 $52,614,657 98.5% 2011 $47,862,708 $46,941,453 98.1% $235,856 $47,177,309 98.6% 2012 $45,434,311 $44,537,852 98.0% $283,894 $44,821,746 98.7% 2013 $44,715,750 $43,934,031 98.3% $168,991 $44,103,022 98.6% SOURCE: OKALOOSA COUNTY TAX COLLECTOR RECAPITULATION OF THE TAX ROLL Packet Pg. 243  Property Tax Levies and Collections Last Ten Fiscal Years $70.0 $60.0 $50.0 $40.0 $30.0 $20.0 $10.0 $ 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Year Levied Collected Packet Pg. 244 UNAUDITED SCHEDULE 10 RATIOS OF OUTSTANDING DEBT BY TYPE - LAST TEN FISCAL YEARS GOVERNMENTAL ACTIVITIES BUSINESS-TYPE ACTIVITIES SPECIAL COMMERCIAL SOLID CONFERENCE TOTAL 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 Packet Pg. 245  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 Packet Pg. 246 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