Haleyville, Alabama, City of (AL)

City of Haleyville (Alabama) General Obligation School Warrants,, $9,500,000 Dated: May 1, 2014 Description and Collection of Special Tax Ended September 30 Amount 2013 2014 2,456,109.99 Haleyville, Alabama, City of (AL) Debt Service Requirements (PAGE 28 31 of Audited Financial Statements) Ended September 30 City's Total Gross City's Annual Period Ending Series Series Total City School Debt Series GO Debt Contribution to School Debt City's Total Net Debt 9/30/2014 Debt Service Coverage 2014 City's Total Gross GO Debt Coverage: Ratio of Special Tax proceeds to gross maximum annual debt service Ratio of Special Tax proceeds to gross average annual debt service City s Total Net Debt Coverage: Ratio of Special Tax proceeds to net maximum annual debt service Ratio of Special Tax proceeds to net average annual debt service Population 2014 Census Year City of Haleyville Winston County 2010 4,173 24,483 Statement Of Revenues, Expenditures and Changes in Fund Balances Governmental Funds (PAGE 16 of Audited Financial Statements) 2014

Gross Debt Information (PAGE 28 of Audited Financia Statements) 2014 Amount Outstanding General Obligation School Warrants 9,279,588.00 General Obligation Warrant 3,075,065.00 Remaining General Obligation School Warrants 1,958,530.00 Miscellaneous Traders & Farmers Bank Notes and Lines of Credit 143,075.00 Total 14,456,258.00 Constitutional Debt Limit and Borrowing Capacity Ended September 30 Current Assessed Value (Excluding Motor Vehicles) 39,767,900.00 Constitutional Debt Limit (20%) 7,953,580.00 Total Gross Debt 14,456,258.00 Chargeable Constitutional Debt 3,218,140.00 Non Chargeable Debt 11,238,118.00 Remaining Constitutional Debt Margin 4,735,440.00 Business License Taxes Ended September 30 Collection 2013 2014 181,670.49 Occupational Tax Ended September 30 Collection 2013 2014 818,482.67 Property Tax Ended September 30 Collection 2013 2014 444,982.37

Largest Taxpayers 2014 Taxpayer Amount Collected Assessed Value 1 Walmart 69,666 2 KITH Kitchens 16,680 3 Goars Big Star 14,795 4 Jack's Family Restaurant 12,167 5 Piggly Wiggly #45 10,533 6 Valley Budweiser 8,428 7 Haleyville City Schools 7,063 8 AT & T Mobile 7,029 9 Dollar General 6,969 10 Fred's 6,617 This is the largest taxpayers paying occupational tax, sales & use tax, business license, aholchol tax. (see attached sheet from Winston County Tax Collector for ad valorum tax) Assessed Valuation of Taxable Property Net Assessed Value Motor Vehicles Total 2014 40,190,380 4,821,800 45,012,180 Ad Valorem Tax Levy 2014 City General Fund 10 County General 5 School County 3 School District 4 School Special County 5 Road and Bridge 2.5 State General 2.5 Soldier 1 School 3 Total Ad Valorem Tax Levy 36 Per Capita Income Year City of Haleyville Winston County State of Alabama 2014 N/A 2013 23,576 18,995 28,155

Major Employers 2014 Industry Product Approx Employment 1 KITH Kitchens/Furniture Cabinets 636 2 Fontaine Trailer Company Flat bed trailers 279 3 City Board of Education Education/school 208 4 Lakeland Hospital Health care 165 5 Masonite Corporation Doors 165 6 Exxel Outdoors Sleeping Bags 92 7 Traders & Famers Bank Financial 80 8 Haleyville Drapery Curtains 62 9 Jimson Manufacturing Bedroom Furniture 60 10 Ridge Point Cabinet Doors 31 Unemployment Rates Calendar Year Winston County State of Alabama U.S. National Average 2014 7.80% 6.30% 5.90% City Board of Education of the City of Haleyville Names, Grades taught, Number of Teachers and Number of Students School Grades Teachers Other Certified Students Haleyville High 9 12 42 3 484 Haleyville Middle 6 8 23 2 395 Haleyville Elementary PK 5 57 2 826 Central Office N/A N/A 6 N/A Total Enrollment Ended September 30 2013 14 Total Students 1705

State Revenues; Proration of State Appropriations Year Percent 2013 14 0 Foundation Program Fund Distribution Rate between the County Board and the City Board County Board Haleyville City Board 2013 14 0.6179787 0.3820213 Portion of County Sales Tax Proceeds City Board's Portion of Proceeds of the Special Tax 2013 14 1,467,919 3 Mill County Wide Ad Valorem Tax Pursuant to Amendment No. 3 Proceeds of the 3 Mill County Wide Ad Valorem Tax 2013 14 318,525

1 Mill Countywide Ad Valorem Tax Pursuant to Section 269 Proceeds of the 1 Mill County Wide Ad Valorem Tax 2013 14 106,175 3 Mill District Ad Valorem Taxes Pursuant to Amendment No. 3 Proceeds of the 3 Mill District Ad Valorem Tax 2013 14 127,121 5 Mill Countywide Ad Valorem Taxes Pursuant to Amendment No. 153 Proceeds of the 5 Mill County Wide Ad Valorem Tax 2013 14 573,942 Statement Of Revenues, Expenditures and Changes in Fund Balances All Governmental Fund Types and Expendable Trust Funds 2014 See Attached

Retirement and Health Care Costs City Board's City Board's Cost Per Employee Per Percentage For Retirement Month for Insurance 2014 11.71% Tie 780 11.08% Tier II *Tier I Employees hired prior to January 1, 2013 *Tier II Employees hired after to January 1, 2013

Haleyville, Alabama, City of (AL) City of Haleyville (Alabama) General Obligation School Warrants,, $9,500,000 Dated: May 1, 2014 Marion County unaudited Property Tax Ended September 30 Collection 2013 2014 28649.35 7 mills (city) 12279.74 3 mills( school) Largest Taxpayers 2014 Taxpayer Amount Collected Assessed Value 1 Door Componets LLC 7327.56 1506700 2 Miracle Acre LLC 4401.18 628740 3 Door Componets LLC 1932.28 276040 4 Ridge Pointe Manufactureing Inc 1619.3 231340 5 HM Operating Inc 1428 204000 6 Haleyville City of IDB (Riverchase) 1324.96 189280 7 Door Componets LLC 1066.1 152300 8 Universal Forest Products Eastern Division 1032.36 147480 9 UFP Haleyville LLC 921.76 131680 10 Setliff Jimmy R 807.52 115360 Assessed Valuation of Taxable Property Net Assessed Value Motor Vehicles Total 2014 4970580 24140 4994720

Ad Valorem Tax Levy 2014 City General Fund 10 County General 5 School County 0 School District 778 7 School Special County 0 Road and Bridge 2.5 State General 2.5 Soldier 1 School 3 Total Ad Valorem Tax Levy 31