DAVID TAUSSIG Public Finance Public Private Partnerships Urban Economics Newport Beach Riverside San Francisco San Jose Dallas Associates, Inc. & CONTINUING DISCLOSURE ANNUAL REPORT FISCAL YEAR 2017-2018 $26,180,000 POWAY UNIFIED SCHOOL DISTRICT PUBLIC FINANCING AUTHORITY SPECIAL TAX REVENUE REFUNDING BONDS SERIES 2017A January 31, 2019
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TAUSSIG64.79.135.236/docs/CD.FY17-18.PFA 2017A (CFD 6 IA A, CFD 10 IA … · continuing disclosure annual report fiscal year 2017-2018 $26,180,000 poway unified school district public
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[1] Classification pursuant to the Rate and Method of Apportionment of Special Tax.[2] As of September 2, 2018. Allocated based on Fiscal Year 2018-2019 levy.
[4] For purposes of this analysis, includes land secured bond indebtedness for property subject to the Special Tax only.[5] Fiscal Year 2018-2019 assessed value information as of January 1, 2018 provided by the San Diego County Assessor. Assessed value is calculated as the sum of land value and improvement value.[6] Calculated by dividing the Assessed Value column by the Total Direct and Overlapping Debt column.
[3] A total of five property owners are participating in the CA HERO PACE program as of June 30, 2018. Additionally, one property owner (total levy equal to $5,917) is participating in the CHFA CFD No. 2014-1 PACEprogram. For purposes of this analysis, excludes bond indebtedness for the CHFA CFD No. 2014-1 lien due to lack of availability of bond information. DTA is not aware of any property owners within Improvement Area Aof CFD No. 6 that are participating in any other active PACE programs.
David Taussig and Associates, Inc. 1/29/2019
POWAY UNIFIED SCHOOL DISTRICTPUBLIC FINANCING AUTHORITY
SPECIAL TAX REVENUE REFUNDING BONDS, SERIES 2017AESTIMATED ASSESSED VALUE-TO-LIEN RATIOS
IMPROVEMENT AREA A OF CFD NO. 10Poway USD Poway USD
CFD No. 10, CFD No. 10, Poway USD PACE Total EstimatedIA A IA A CFD No. 10 Programs Direct and Assessed
Number of FY 2018-2019 Bonds Bonds Bonds Overlapping Assessed Value-to-LienTax Class / (Land Use) [1] Units/Acres Levy Outstanding [2] Outstanding [2] Outstanding [3] Debt [4] Value [5] Ratio [6]
[1] Classification pursuant to the Rate and Method of Apportionment of Special Tax.[2] As of September 2, 2018. Allocated based on Fiscal Year 2018-2019 levy.
[4] For purposes of this analysis, includes land secured bond indebtedness for property subject to the Special Tax only.
[6] Calculated by dividing the Assessed Value column by the Total Direct and Overlapping Debt column.
[5] Fiscal Year 2018-2019 assessed value information as of January 1, 2018 provided by the San Diego County Assessor. Assessed value is calculated as the sum of land value and improvementvalue.
[3] A total of two property owners are participating in the CA HERO PACE program as of June 30, 2018. Additionally, a total of two property owners (total levy equal to $27,791) are participating inthe CMFA E3 PACE program. For purposes of this analysis, excludes bond indebtedness for the CMFA E3 liens due to lack of availability of bond information. DTA is not aware of any property ownerswithin Improvement Area A of CFD No. 10 that are participating in any other active PACE programs.
Zone 1
Zone 1 SubtotalZone 2
Zone 2 SubtotalZone 3
Zone 3 Subtotal
David Taussig and Associates, Inc. 1/29/2019
POWAY UNIFIED SCHOOL DISTRICTPUBLIC FINANCING AUTHORITY
SPECIAL TAX REVENUE REFUNDING BONDS, SERIES 2017AESTIMATED ASSESSED VALUE-TO-LIEN RATIOS
IMPROVEMENT AREA B OF CFD NO. 10Poway USD Poway USD
CFD No. 10, CFD No. 10, Poway USD Total EstimatedIA B IA B CFD No. 10 Direct and Assessed
Number of FY 2018-2019 Bonds Bonds Overlapping Assessed Value-to-LienTax Class / (Land Use) [1] Units/Acres Levy Outstanding [2] Outstanding [2] Debt [3,4] Value [5] Ratio [6]
[1] Classification pursuant to the Rate and Method of Apportionment of Special Tax.[2] As of September 2, 2018. Allocated based on Fiscal Year 2018-2019 levy.[3] For purposes of this analysis, includes land secured bond indebtedness for property subject to the Special Tax only.[4] DTA is not aware of any property owners within Improvement Area B of CFD No. 10 that are participating in any active PACE programs.
[6] Calculated by dividing the Assessed Value column by the Total Direct and Overlapping Debt column.
[5] Fiscal Year 2018-2019 assessed value information as of January 1, 2018 provided by the San Diego County Assessor. Assessed value is calculated as the sum of land valueand improvement value.
Zone 1
Zone 1 SubtotalZone 2
Zone 2 SubtotalZone 3
Zone 3 Subtotal
EXHIBIT B
Special Tax Delinquencies
David Taussig and Associates, Inc. 1/29/2019
POWAY UNIFIED SCHOOL DISTRICTPUBLIC FINANCING AUTHORITY
SPECIAL TAX REVENUE REFUNDING BONDS, SERIES 2017ASPECIAL TAX DELINQUENCIES
IMPROVEMENT AREA A OF CFD NO. 6Number ofDelinquent Fiscal Year Fiscal Year Fiscal Year
Total Tax Parcels at Amount Amount DelinquencyFiscal Year Levy FY End [1] Collected [1] Delinquent [1] Rate [1]2017-2018 $1,596,906 0 $1,596,906 $0 0.00%
[1] Pursuant to Section 4(c)(iv) of the Disclosure Agreement, the table above should reflectdelinquencies as of July 1, 2018. The closest data available, as shown above, is as of July 6, 2018provided by the County of San Diego.
David Taussig and Associates, Inc. 1/29/2019
POWAY UNIFIED SCHOOL DISTRICTPUBLIC FINANCING AUTHORITY
SPECIAL TAX REVENUE REFUNDING BONDS, SERIES 2017ASPECIAL TAX DELINQUENCIES
IMPROVEMENT AREA A OF CFD NO. 10Number ofDelinquent Fiscal Year Fiscal Year Fiscal Year
Total Tax Parcels at Amount Amount DelinquencyFiscal Year Levy FY End [1] Collected [1] Delinquent [1] Rate [1]2017-2018 $1,006,616 1 $1,005,698 $918 0.09%
[1] Pursuant to Section 4(c)(iv) of the Disclosure Agreement, the table above should reflectdelinquencies as of July 1, 2018. The closest data available, as shown above, is as of July 6, 2018provided by the County of San Diego.
David Taussig and Associates, Inc. 1/29/2019
POWAY UNIFIED SCHOOL DISTRICTPUBLIC FINANCING AUTHORITY
SPECIAL TAX REVENUE REFUNDING BONDS, SERIES 2017ASPECIAL TAX DELINQUENCIES
IMPROVEMENT AREA B OF CFD NO. 10Number ofDelinquent Fiscal Year Fiscal Year Fiscal Year
Total Tax Parcels at Amount Amount DelinquencyFiscal Year Levy FY End [1] Collected [1] Delinquent [1] Rate [1]2017-2018 $613,562 0 $613,562 $0 0.00%
[1] Pursuant to Section 4(c)(iv) of the Disclosure Agreement, the table above should reflectdelinquencies as of July 1, 2018. The closest data available, as shown above, is as of July 6, 2018provided by the County of San Diego.
EXHIBIT C
California Debt and Investment Advisory Commission Fiscal Status Reports
STATE OF CALIFORNIA
MELLO-ROOS COMMUNITY FACILITIES DISTRICT (CFD)
YEARLY FISCAL STATUS REPORT
California Debt and Investment Advisory Commission
915 Capitol Mall, Room 400, Sacramento, CA 95814
P.O. Box 942809, Sacramento, CA 94209-0001
(916) 653-3269 Fax (916) 654-7440
For Office Use Only
Fiscal Year
Submitted:
5:21:01PM
Saturday, October 27, 2018
CDIAC #: 2016-3897
I. GENERAL INFORMATION
A. Issuer
B. Project Name
C. Name/ Title/ Series of Bond Issue
D. Date of Bond Issue
E. Original Principal Amount of Bonds
F. Reserve Fund Minimum Balance Required
II. FUND BALANCE FISCAL STATUS
Balances Reported as of:
A. Principal Amount of Bonds Outstanding
B. Bond Reserve Fund
C. Capitalized Interest Fund
D. Construction Fund(s)
III. ASSESSED VALUE OF ALL PARCELS IN CFD SUBJECT TO SPECIAL TAX
A. Assessed or Appraised Value Reported as of:
B. Total Assessed Value of All Parcels
IV. TAX COLLECTION INFORMATION
A. Total Amount of Special Taxes Due Annually
B. Total Amount of Unpaid Special Taxes Annually
C. Does this agency participiate in the County's Teeter Plan?
V. DELINQUENT REPORTING INFORMATION
Delinquent Parcel Information Reported as of Equalized Tax Roll of:
A. Total Number of Delinquent Parcels:
B. Total Amount of Taxes Due on Delinquent Parcels:
VI. FORECLOSURE INFORMATION FOR FISCAL YEAR
(Aggregate totals, if foreclosure commenced on same date)
Date Foreclosure CommencedTotal Number of Foreclosure
Parcels
Total Amount of Tax Due on
Foreclosure Parcels
(Use only in first year or before annual tax roll billing commences)
(Do not include penalties, penalty interest, etc.)
(Attach additional sheets if necessary.)
Poway Unified School District CFD No 6
2017 Spec Tax Ref Bonds
1/10/2017
$14,470,000.00
$0.00
6/30/2018
$13,740,000.00
$0.00
$0.00
$0.00
1/1/2018
$556,193,968.00
$1,596,905.70
$0.00
N
10/18/2018
0
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
From Equalized Tax Roll
From Appriasal of Property
X
IA A 4S Ranch
AmountYes No X
STATE OF CALIFORNIA
MELLO-ROOS COMMUNITY FACILITIES DISTRICT (CFD)
YEARLY FISCAL STATUS REPORT
California Debt and Investment Advisory Commission
915 Capitol Mall, Room 400, Sacramento, CA 95814
P.O. Box 942809, Sacramento, CA 94209-0001
(916) 653-3269 Fax (916) 654-7440
For Office Use Only
Fiscal Year
Submitted:
5:21:01PM
Saturday, October 27, 2018
CDIAC #: 2016-3897
IX. ADDITIONAL COMMENTS:
Phone Number
E-Mail
City/ State/ Zip
Address
Firm/ Agency
Title
Name
VIII. NAME OF PARTY COMPLETING THIS FORM
If Other:
and redemption date:
If Redeemed Entirely, state refunding bond title & CDIAC #:
Redeemed EntirelyMatured
If Matured, indicate final maturity date:
This issue is retired and no longer subject to the Yearly Fiscal Status report filing requirements.