District School Board of Pasco County Fund Balances - Governmental Funds Last Ten Fiscal Years

(Unaudited)

For the Fiscal Year Ending

Table 3

	June 30, 2012			June 30, 2013		June 30, 2014		June 30, 2015
General Fund
Fund Balance
Nonspendable	$ 4,568,706			$ 3,612,982		$ 3,444,488		$ 3,706,116
Restricted	5,326,016			3,124,608		6,903,768		4,793,446
Assigned	15,673,843			17,407,505		11,451,799		21,418,729
Unassigned	22,714,296			23,499,528		32,983,587		26,101,381
Total General Fund	$ 48,282,861			$ 47,644,623		$ 54,783,642		$ 56,019,672
All Other Governmental Funds Fund Balance
Nonspendable Special Revenue-Food Service	$	1,380,195	$	1,223,200	$	1,153,542	$	1,238,056
Capital Projects Other Restricted		-		-		-		-
Special Revenue -Food Service	7,183,864		7,100,164		8,774,328		9,000,902
Debt Service	21,389,660		17,001,808		14,026,067		11,958,237
Capital Projects	110,020,160		147,001,633		241,878,569		211,168,847

Assigned

Capital Projects 31,775,584 - - -

Total All Other Government Funds

$ 171,749,463

$ 172,326,805

$ 265,832,506

$ 233,366,042

Source District records - ACFR Exhibit C

Table 3

For the Fiscal Year Ending

June 30, 2016 June 30, 2017 June 30, 2018 June 30, 2019 June 30, 2020 June 30, 2021

$ 3,870,506	$ 3,437,955	$ 3,628,214	$ 4,031,240	$ 4,007,783	$ 4,059,672
1,393,683	4,089,246	5,297,161	5,428,866	6,727,153	6,966,132
25,344,899	25,728,404	26,716,791	28,771,824	39,213,848	54,160,889
26,132,916	26,708,735	27,711,359	28,549,110	29,270,185	32,921,820
$ 56,742,004	$ 59,964,340	$ 63,353,525	$ 66,781,040	$ 79,218,969	$ 98,108,513

$ 1,168,050	$ 1,050,871	$ 1,323,178	$ 944,418	$ 1,590,488	$ 884,545
11,882,999	3,831,027	553,306	-	-	-
7,892,363	6,492,995	6,135,162	6,056,647	5,447,100	11,590,042
13,252,861	18,885,182	14,102,339	10,907,490	13,967,117	14,163,382
180,189,182	114,240,095	143,163,912	214,548,182	262,411,067	189,704,380
-	-	-	-	-	-
$ 214,385,455	$ 144,500,170	$ 165,277,897	$ 232,456,737	$ 283,415,772	$ 216,342,349

District School Board of Pasco County Changes in Fund Balances - Governmental Funds

And Debt Service Ratios Last Ten Fiscal Years (Unaudited)

Table 4

For the Fiscal Year Ending

June 30, 2012 June 30, 2013 June 30, 2014

Revenues

Federal Sources

Federal Grants	$ 42,340,203 $ 42,541,633 $ 46,178,627
Food Services	20,980,131 22,141,725 23,319,438
Total Federal Sources	63,320,334 64,683,358 69,498,065
e Sources Florida Education Finance Program	204,656,075	229,215,516	256,270,767
Public Education Capital Outlay	703,197	666,291	1,002,216
Food Services	437,597	419,874	424,778

Stat

State Grants and Other 82,611,163 84,676,064 85,291,068

Total State Sources 288,408,032 314,977,745 342,988,829 Local Sources

Property Taxes	165,642,379	151,215,396		152,683,870
Local Sales Taxes	25,321,574	27,490,903		28,784,359
Food Services	11,650,985	11,441,922		11,028,315
Investment Earnings	590,385	1,267,749		580,012
Local grants and other	16,094,030 15,445,937 21,704,165
Total Local Sources	219,299,353 206,861,907 214,780,721
Total Revenues	571,027,719 586,523,010 627,267,615
Expenditures
Current-Education Instruction	296,241,293	299,761,436		314,892,649
Student Support Services	24,952,342	25,031,281		25,231,533
Instructional Media Services	7,142,745	6,763,983		2,314,127
Instruction and Curriculum Development Services	13,293,905	11,701,933		14,274,568
Instructional Staff Training	10,844,460	10,981,833		9,767,487
Instruction-Related Technology	4,799,806	4,864,701		8,298,947
Board	487,161	468,772		469,656
General Administration	1,226,250	1,512,137		2,535,795
School Administration	33,210,176	33,759,267		35,391,965
Facilities Services	4,028,151	4,833,626		4,550,999
Fiscal Services	2,114,358	2,228,720		2,563,383
Food Services	30,189,633	31,598,711		32,469,486
Central Services	5,903,365	5,643,763		6,490,365
Student Transportation Services	27,217,617	27,052,856		28,396,338
Operation of Plant	46,025,891	41,856,266		44,337,010
Maintenance of Plant	10,877,222	10,586,881		11,342,028
Administrative Technology Services	3,030,764	3,118,929		3,601,933
Community Services	622,397	667,873		533,017
Capital Outlay Facilities Acquisition and Construction	35,571,766	28,043,055		42,671,034
Other Capital Outlay	907,144	1,334,131		1,692,110
Debt Service
Principal	22,527,001	23,557,001		24,607,001
Interest	17,133,664	16,110,854		25,426,070
Fiscal Charges	721,224 660,328 2,251,649
Total Expenditures	599,068,335 592,138,337 644,109,150
Excess (Deficiency) of Revenues Over Expenditures	(28,040,616) (5,615,327) (16,841,535)
Other Financing Sources (Uses) Face Value of Bonds Issued	1,710,000	-		96,715,000
Face Value of Certificates of Participation Issued	-	-		-
Face Value of Refunding Bonds	-	-		1,724,000
Face Value of Refunding Certificates of Participation	-	-		151,696,458
Face value of Special Act Bonds	-	-		-
Premiums on Bonds Issued	226,415	-		16,459,978
Premiums on Certificates of Participation Issued	-	-		-
Premiums on Refunding Bonds	-	-		272,637
Premiums on Refunding Certificates of Participation Is	-	-		-
Premium on Special Act Bonds	-	-		-
Capital Leases	-	-		-
Proceeds from the Sale of Capital Assets	154,466	8,346		6,651
Discounts on Refunding Bonds	-	-		(186,756)
Payments to Refunded Bond Escrow Agent	(1,931,399)	-		(150,186,713)
Transfers In	58,144,210	42,070,126		51,152,626
Transfers Out	(58,148,657) (36,524,041) (50,167,626)
Total Other Financing Sources (Uses)	155,035 5,554,431 117,486,255
Net Change in Fund Balances	$ (27,885,581) $ (60,896) $ 100,644,720
Debt Service as a Percentage of Noncapital Expenditures	7.05%		7.05%		8.34%

Source District records - ACFR Exhibit E

Table 4

For the Fiscal Year Ending

June 30, 2015 June 30, 2016 June 30, 2017 June 30, 2018 June 30, 2019 June 30, 2020 June 30, 2021

$ 48,913,244

$ 48,742,547

$ 49,107,569

$ 47,555,770

$ 50,737,063

$ 50,654,838

$ 74,672,209

24,565,522 26,319,045 27,798,916 28,355,077 28,574,656 28,056,082 37,360,456

73,478,766 75,061,592 76,906,485 75,910,847 79,311,719 78,710,920 112,032,665

268,469,393	284,094,218	298,842,427	308,188,941	316,279,681	337,956,712	355,870,905
796,597	2,445,259	3,384,042	1,996,243	2,586,879	3,945,019	3,540,200
414,356	395,520	377,682	364,856	371,155	-	399,509

86,841,606 90,418,539 91,562,941 97,355,243 100,445,949 97,313,396 96,192,433

356,521,952 377,353,536 394,167,092 407,905,283 419,683,664 439,215,127 456,003,047

155,670,927	162,632,713	165,661,299	173,370,218	182,763,077	192,509,271	200,355,718
26,680,307	25,738,211	26,942,544	28,398,773	31,013,628	32,123,910	36,736,646
10,532,753	10,571,030	10,477,201	9,709,510	11,058,659	8,624,652	3,359,782
816,254	1,824,994	625,270	2,486,903	8,151,676	6,846,902	364,759

24,544,524 33,517,381 32,254,391 33,706,373 41,381,964 52,982,479 77,697,891

218,244,765 234,284,329 235,960,705 247,671,777 274,369,004 293,087,214 318,514,796

648,245,483 686,699,457 707,034,282 731,487,907 773,364,387 811,013,261 886,550,508

333,028,297	348,822,641	355,842,835	366,197,365	376,198,632	386,932,926	415,737,370
26,612,973	28,063,110	29,598,411	31,509,727	35,554,016	37,192,148	38,933,772
2,621,203	2,666,744	2,479,436	2,181,593	2,168,574	2,025,542	2,375,591
15,640,068	16,304,718	18,098,354	18,581,077	19,169,308	20,958,445	22,928,575
7,396,496	7,890,300	9,637,889	9,190,185	11,808,887	11,384,400	11,480,925
6,742,355	7,202,055	7,454,425	7,310,989	7,314,087	8,530,870	8,335,631
500,228	501,973	659,516	617,585	536,659	525,782	615,357
2,357,187	3,173,955	3,718,363	3,735,356	4,080,292	3,425,445	4,494,750
36,925,142	38,335,496	39,484,674	41,144,285	41,083,357	43,274,939	44,175,094
5,708,614	7,779,022	4,654,495	7,335,045	8,432,053	7,960,933	28,144,185
2,774,726	2,782,547	2,994,927	3,161,218	2,980,579	2,922,805	3,200,136
35,249,881	38,602,742	39,648,115	38,563,695	40,587,539	37,579,557	36,120,517
7,760,284	7,710,236	7,630,842	7,415,607	7,487,977	7,549,362	12,520,728
29,405,350	29,452,611	31,296,318	32,755,198	33,347,462	31,962,480	29,961,922
42,452,205	45,519,558	42,785,163	44,263,036	46,147,036	47,283,566	49,681,968
10,536,743	11,004,569	11,563,187	11,604,479	11,623,793	11,979,617	12,121,857
5,988,463	9,330,449	9,099,520	9,457,166	9,858,674	10,042,108	10,454,593
856,821	434,922	416,265	2,320,791	578,852	519,647	915,167
78,196,590	131,094,037	124,023,320	62,217,169	65,359,550	96,467,481	140,494,912
3,611,166	1,388,704	1,338,599	1,197,772	1,566,880	1,018,691	3,491,981
21,324,001	24,451,976	29,452,032	34,130,499	46,104,545	42,548,515	47,639,798
15,980,740	16,400,738	18,002,773	17,233,274	18,126,021	19,672,173	38,517,920

706,254 643,131 334,264 233,877 887,765 962,618 1,215,184

692,375,787 $779,556,234 $790,213,723 $752,356,988 $791,002,538 832,720,050 963,557,933

(44,130,304) (92,856,777) (83,179,441) (20,869,081) (17,638,151) (21,706,789) (77,007,425)

-	30,075,000	-	35,000,000	-	-	-
13,655,000	25,995,000	-	-	68,200,000	56,165,000	-
2,411,000	-	3,288,000	-	-	820,000	-
44,145,000	-	-	-	-	49,990,000	138,875,000
-	-	-	-	-	-	3,400,000
7,814,270	-	-	-	-	-	-
-	4,398,965	-	-	7,536,232	16,483,858	-
174,776	-	501,636	-	-	160,595	-
-	-	-	-	-	5,305,206	22,955,231
-	-	-	-	-	-	640,263
-	13,771,923	10,410,158	12,761,538	6,800,061	11,888,172	8,790,312
100,000	116,000	1,726,425	810,301	51,037	55,520	467,982
-	-	-	-	-	-	-
(55,585,176)	-	-	(3,830,656)	-	(56,212,063)	(143,634,664)
38,549,554	41,839,953	50,421,041	52,282,147	65,516,189	68,048,245	105,617,816

(38,364,554) (41,598,319) (49,830,768) (51,987,337) (65,160,178) (67,600,780) (108,288,394)

12,899,870 74,598,522 16,516,492 45,035,993 82,943,341 85,103,753 28,823,546

$ (31,230,434) $ (18,258,255) $ (66,662,949) $ 24,166,912 $ 65,305,190 $ 63,396,964 $ (48,183,879) 6.11% 6.31% 7.14% 7.46% 8.87% 8.46% 10.51%

District School Board of Pasco County Assessed and Estimated Actual Value of Taxable Property

Last Ten Fiscal Years (in thousands) (Unaudited)

Estimated Actual Value (1) Exemptions (2) Taxable Assessed Value

Table 5

(4)

Assessed

Value as a (5)

Fiscal Year	Real Property	Personal Property	Real Property	Personal Property	Real Property	Personal Property	Centrally (3) Assessed Value	Total	Percentage of Estimated Actual Value	Total Direct Tax Rate
2021	$ 39,705,317	$ 3,172,536	$ 6,782,076	$ 1,080,646	$ 32,923,241	$ 2,091,890	$ 19,976	35,035,107	81.67%	5.92
2020	37,141,649	3,172,831	6,488,904	1,176,838	30,652,745	1,995,993	16,553	32,665,291	80.99%	6.10
2019	34,261,268	3,139,477	6,086,761	1,204,757	28,174,507	1,934,720	16,946	30,126,173	80.51%	6.28
2018	31,279,822	3,031,909	5,817,434	1,211,526	25,462,388	1,820,383	16,239	27,299,010	79.52%	6.57
2017	29,067,345	3,032,422	5,641,534	1,205,663	23,425,811	1,826,759	16,520	25,269,090	78.68%	6.78
2016	27,320,145	2,914,474	5,409,988	1,206,661	21,910,157	1,707,813	15,499	23,633,469	78.13%	7.11
2015	26,247,234	2,846,669	5,377,106	1,209,922	20,870,128	1,636,747	15,296	22,522,171	77.37%	7.15
2014	25,234,228	2,819,116	5,392,933	1,215,988	19,841,295	1,603,128	14,769	21,459,192	76.45%	7.36
2013	24,978,580	2,876,461	5,389,039	1,203,332	19,589,541	1,673,129	14,013	21,276,683	76.35%	7.34
2012	28,013,760	3,039,322	7,278,503	1,322,493	20,735,257	1,716,829	14,073	22,466,159	72.31%	7.64

(1) Section 192.00(2), Florida Statutes, defines assessed value of property as "an annual determination of the just or fair market value of an item or property. . .". Consequently, estimated actual value, above, is assessed value before exemptions. Pasco County Property Appraiser's Office.

(2) Chapter 196, Florida Statutes, grants various exemptions for qualifying historic, economic development, governmental, and institutional property, the latter including charitable, religious, scientific, literary and educational property. Exemptions are also granted for residential property for widows/widowers, disabled/blind, homestead exemption ($25,000), additional homestead exemption (age 65 or older, $25,000), and homestead differential (just value minus a capped value).

(3) Property, such as railroad property, for which valuation is provided to the Property Appraiser by the Florida Department of Revenue [see Section 193.085(4), Florida Statutes].

(4) Centrally Assessed Property has been added to the total estimated actual value of Real and Personal Property when computing this percentage.

(5) Total Tax Levy (Pasco County CAFR) to Total Taxable Assessed Value (above). Tax rates are per $1,000 of assessed value.

Source: Pasco County Property Appraiser

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