Bamberg County, SC 1Bamberg Facilities Corporation Installment Purchase Refunding Revenue Bonds (Bamberg County, South Carolina) Series 2015A, $6,280,000 and Taxable Series 2015B, $4,515,000, Dated: November 17, 2015 PURCHASE AND USE AGREEMENT Source of Installment Payments Net FILOT Payments collected for the most recently concluded fiscal year Year Amount 2014 15 CPST Revenues collected for the most recently concluded fiscal year Fiscal Year Amount 2014 15 5012874 CERTAIN FISCAL MATTERS Five Year Revenue Expenditure Summary Fiscal Year Ended June 30, 2011 2012 2013 2014 2015 REVENUES Taxes 4278263 4878941 6360281 6652888 Intergovernmental 2264481 1698036 1786480 2142864 Licenses and Permits 48336 40082 46688 47139 Charges for Services 430801 806013 436303 430869 Fines and Forfeitures 255666 240955 250645 297902 Investment Income 26463 22022 14168 5580 Miscellaneous 133404 69530 75988 119904 Total Revenues 7437414 7755579 8970553 9697146 EXPENDITURES Current General Government 3347722 3146804 2176466 2340697 Judicial 513993 548861 660002 672465 Public Safety 1584640 1946850 2301974 2110480 Public Works 720831 1085511 935726 418942 Economic Development 0 0 50000 137500 Culture and Recreation 148569 145569 222547 652281 Health Welfare 96313 22829 783127 1482300 Capital Outlay 893643 Miscellaneous 1678740 812748 176335 169252 Debt Service (Principal and Interest) 1010823 1753481 685182 1167772 Total Expenditures 9101631 9462653 7991359 10045332 Excess (deficiency) of Revenues Over (Under) Expenditures 1664217 1707074 979194 348186 Other Financing Sources (Uses): Transfers In 1939976 8716432 285566 723360 Transfers (Out) 0 Total other financing sources (uses) 1939976 8716432 285566 723360 Net change in fund balances 275759 7009358 1264760 375174 Fund balances at Beginning of Year, as restated 93953 475930 7536768 8980960 Fund balance at End of Year 369712 7485288 8801528 9356134
Assessed Values of the County for each of the five previous fiscal years and, if available, an estimate for the fiscal year in which the Annual Report is issued Assessed Value of All Taxable Property in the County Joint Industrial Park Fees/Fee in Total Taxable Tax Year Real Property Personal Lieu of Taxes Property 2011 2012 2013 2014 2015 2016 (Estimate) Assessed and Market Value by Property Classification Fiscal Year Ended June 30, 2015 Classification of Property Assessed Value Market Value Real Property Non Manufac. Motor Vehicles Manufacturing Property Boats and Motors Airplanes SC Department of Revenue Personal County Business Personal Railroads Utilities Joint Industrial Park Fees Fee In Lieu of Taxes Merchant Inventory TOTAL Manufacture Reimbursement Assessment Motor Carrier Assessment COMBINED TOTAL ASSESSED VALUE Tax Collection Record For The Five Previous Fiscal Years Budgeted Local Option Total Collections Tax Year Tax Collections Sales Tax (LOST) Current Collections Delinquent Taxes Tax Collections Total with LOST 2011 3956800 815263 1896066 252183 2148249 2963512 2012 3708530 826673 1980020 260395 2240.415 3067088 2013 3339022 761588 1946331 275011 2221342 2982930 2014 3237787 197063 2790895 324140 3115035 3312098 *2015 *FY 2015 not available at this time Millage History For The Five Previous Fiscal Years County Tax Year Operations Debt Total 2011 121.5 4 125.5 2012 123.5 4 127.5 2013 123.5 4 127.5 2014 117 6.5 123.5 2015 122 8.7 130.7
Ten Largest Taxpayers Fiscal Year Ended June 30, 2015 Taxpayer Assessed Valuation Taxes Paid South Carlina Electric 2763320 1363682 Edisto Electric Co op 1008740 540678 Masonite Corp 734166 342267 Rockland Industries 405800 205004 Bellsouth Communication 38480 192503 Delevan, Inc. 342200 173121 Tobual Accumulator 308280 147394 Bamberg Healthcare 248100 131245 CSX Transportation 244780 116280 CSX Transportation 205150 94994 DEBT STRUCTURE Legal Debt Limit of the County As of June 30, 2015 The County s general obligation bond debt Real and Other Personal Property Assessed Value 25424990 Plus Vehicles Assessed Value 4341820 Plus Public Utilities and Railroads Plus Fee in Lieu of Taxes/Joint Industrial Park Fees Plus Other Business Personal Property Plus Manufacturer s Assessed Value Plus Merchants Inventory Value X 8 % Constitutional Debt Limit 2381345 Less Outstanding Debt Subject to Limit 1483288 General Obligation Debt Available Without Referendum 898057 General Obligation Indebtedness General Obligation Indebtedness of the County General Obligation Fiscal Year Indebtedness 2014 15 1483288 County's General Obligation Debt by Issue As of June 30, 2015 Debt Date of Final Maturity Amount Issued Amount Outstanding Accrued Compensated Absences 192484 General Obligated Bonds 1483288 Revenue Bonds 8305000 Notes Payable 9096 Capital Lease 739172 Total 10729040
BAMBERG COUNTY BUILDINGS BAMBERG COUNTY COURTHOUSE 2959 MAIN HWY VALUE OF BUILDING: $3,200,000.00 TMS# 0087 02 09 006 BAMBERG COUNTY LIBRARY 3156 RAILROAD AVE VALUE OF BUILDING: $731,000.00 TMS# 0087 02 08 002 BAMBERG COUNTY OFFICE ON AGING 498 LOG BRANCH ROAD VALUE OF BUILDING: $545,000.00 TMS# 0072 08 06 001 BAMBERG COUNT Y SHERRIFF'S OFFICE 456 SECOND STREET VALUE OF BUILDING: $536,000.00 TMS# 0087 01 08 002 BAMBERG COUNTY MAGISTRATES OFFICE 2873 MAIN HWY VALUE OF BUILDING: $120,000.00 TMS# 0087 01 08 002 BAMBERG COUNTY (DENMARK) HEALTH DEPARTMENT 262 BEECH AVE DENMARK, S.C. 29042 VALUE OF BUILDING: 71,900.00 TMS#0038 05 05 018 BAMBERG COUNTY (EDISTO) FIRE STATION 4532 EDISTO RIVER RD BRANCHVILLE, S.C. 29432 VALUE OF BUILDING: $47,900.00 TMS# 0138 00 00 070 BAMBERG COUNTY (CLEAR POND )FIRE STATION 6900 BROXTON BRIDGE RD VALUE OF BUILDING: $115,000.00 TMS# 0092 00 00 062 BAMBERG COUNTY MEMORIAL HOSPITAL 509 NORTH STREET TMS# 0086 08 06 002 TMS# 0086 08 04 013 BAMBERG COUNTY PRISON FARM VALUE OF PUBLIC WORKS GARAGE: $189,000.00 1787 BROXTON BRIDGE RD VALUE OF COMMUNICATION TOWER: $260,000.00 VALUE OF EQUIPMENT SHED: $12,400.00 TMS# 0074 00 00 002 VALUE OF PRISON QUARTERS: $0.00 BAMBERG COUNTY (J CARLISLE KEARSE BLDG) 847 CALHOUN STREET VALUE OF BUILDING: 925,000.00 TMS# 0072 08 05 001 BAMBERG COUNTY (HOOTEN BLACK HOUSE) 3194 RAILROAD AVE VALUE OF BUILDING: $130,400.00 TMS# 0087 02 09 004 BAMBERG COUNTY COUNCIL BLDG 1258 NORTH STREET VALUE OF BUILDING: $39,900.00 TMS# 0087 02 09 003
BAMBERG COUNTY E911 OFFICE 2893 MAIN HWY VALUE OF BUILDING: $233,600.00 TMS# 0087 01 08 002 BAMBERG COUNTY DSS 374 LOG BRANCH ROAD TMS# 0072 08 06 001 BAMBERG COUNTY HEALTH DEPARTMENT 370 & 372 LOG BRANCH RD TMS # 0072 08 06 001 VALUE OF BUILDING: $1,476,300.00 BAMBERG COUNTY LANDFILL (SCALE HOUSE) 15, 20, 79, & 171 LAND 171 LANDFILL RD TMS# 0055 00 00 004 VALUE OF SCALEHOUSE/SCALES: $58,000.00 VALUE OF RECYCLING BUILDING: $13,800.00 VALUE OF TRANSFER STATION: $98,200.00 BAMBERG COUNTY (NEW PRISON) 444 SECOND STREET BAMBERG, SC 29003 TMS#0087 01 08 007 VALUE OF BUILDING: $2,211,900.00 BAMBERG COUNTY (EHRHARDT LAD SITE) 739 ST. JOHN'S CHURCH RD EHRHARDT, S.C. 29081 TMS# 0065 00 00 054 BAMBERG COUNTY (EHRHARDT RESCUE SQUAD) 2753 LOW COUNTRY HWY EHRHARDT, S.C. 29081 TMS# 0096 03 12 002 VALUE OF BUILDING: $67,200.00 BAMBERG COUNTY OLD ROAD OFF HWY 78 TMS# 0072 00 00 041 BAMBERG COUNTY BOAT LANDING 435 CLAUDES LANDING RD DENMARK, S.C. 29042 TMS# 0051 00 00 001 BAMBERG COUNTY (INDUSTRIAL PARK) INDUSTRIAL RD TMS# 0054 00 00 051 BAMBERG COUNTY (MIDWAY) LAD SITE 7747 HERITAGE HWY TMS# 0102 00 00 060 BAMBERG COUNTY (DENMARK) LAD SITE 1211 PITT RD DENMARK, S.C. 29042 TMS# 0037 00 00 141 BAMBERG COUNTY COUNTY (VACANT LOT) ELM STREET TMS# 0087 02 15 007 BAMBERG COUNTY (PRISON FARM) OFF HWY 601 TMS# 0074 00 00 001
BAMBERG COUNTY (PRISON FARM) 254 SLOW PITCH RD TMS# 0089 00 00 004 BAMBERG COUNTY (PRISON FARM) 256 SLOW PITCH RD TMS# 0089 00 00 005 BAMBERG COUNTY (PUBLIC LANDING) 72 CANNON BRIDGE RD COPE, S.C. 29038 TMS# 0100 00 00 008 BAMBERG COUNTY (AIRPORT) 570 AIRPORT RD TMS# 0054 00 00 003 BAMBERG COUNTY (GOVAN LAD SITE) 20954 EHRHARDT RD TMS# 0027 02 01 013 BAMBERG COUNTY SHERRIFF'S DEPT. (COURT ORDER) 152 COX AVE BAMEBRG, S.C. 29003 VALUE OF BUILDING: $66,400.00 TMS# 0072 06 15 006 BAMBERG COUNTY AIRPORT 570 AIRPORT ROAD VALUE OF WATER TOWER: $220,000.00 BAMBERG, SC 29003 VALUE OF AIRPORT HANGER W/SHOP: $128,000.00 TMS#0054 00 00 003 VALUE OF MOBILE HOME @ AIRPORT: $49,800.00 BAMBERG COUNTY LAND ON NORTH FOR ANNEX BLDG NORTH STREET VALUE OF LAND: $60,000.00 BAMBERG, SC 29003