Volusia County School Board, FL 1 The School Board of Volusia County, Florida, Sales Tax Revenue Bonds, Series 2016, $33,805,000, Dated: November 17, 2016 2 Refunding Certificates of Participation (School Board of Volusia County, Florida Master Lease Program, Series 2016A) Evidencing an Undivided Proportionate Interest of the Owners thereof in Basic Rent Payments to be made under a Master Lease-Purchase Agreement by the School Board of Volusia County, Florida, $73,150,000 Dated: February 10, 2016 3 4 5 Refunding Certificates of Participation (School Board of Volusia County, Florida) Master Lease Program, Series 2015A) Evidencing an Undivided Proportionate Interest of the Owners thereof in Basic Rent Payments to be made under a Master Lease-Purchase Agreement by the School Board of Volusia County, Florida, $28,210,000 Dated: May 5, 2015 Refunding Certificates of Participation (School Board of Volusia County, Florida Master Lease Program, Series 2014BB), Evidencing an Undivided Proportionate Interest of the Owners thereof in Basic Rent Payments to be made under a Master Lease-Purchase Agreement by the School Board of Volusia County, Florida, $113,045,000 Dated: June 25, 2014 Certificates of Participation (School Board of Volusia County, Florida Master Lease Program, Series 2007), Evidencing an Undivided Proportionate Interest of the Owners thereof in Basic Rent Payments to be made under a Master Lease-Purchase Agreement by the School Board of Volusia County, Florida, $97,975,000, Dated: April 25, 2007 Series 2016Sales, 2016A, 2015A, 2014B, 2007 Number of schools, number of classroom instructors, number of fulltime equivalent students and average expenditures per student Summary of Statistical Data Number of Number of Expenditures per School Year Schools Instructors F.T.E. Enrollment F.T.E. Student 2017 See CAFR page ii See CAFR page 124 See CAFR page 122 $10,009.00 Series 2016Sales, 2016A, 2015A, 2014B, 2007 Summary of Changes in Long-Term Debt DIRECT DEBT See CAFR page 118 Long-Term Debt Statement General Non-Self Supporting Self Supporting Obligation Revenue Debt Revenue Debt Total Direct Debt Outstanding
OVERLAPPING DEBT See CAFR page 118 Total Overlapping Debt Total Direct and Overlapping Debt Capital outlay ad valorem millage available to pay debt service on the Certificates and any additional series of Certificates issued under the Trust Agreement Capital Outlay Millage Levy Required To Cover Estimated Maximum Annual Lease Payments Net Taxable Assessed Valuation SEE CAFR page 119 Capital Outlay Millage Assumed Tax Collection Rate Total Revenue Generated by 1.50 mill Levy at 96% collection Total Maximum Annual Lease Payments Minimum Millage Levy Used to Produce 1.00x Coverage of Maximum Annual Lease Payments Minimum Millage Levy Required to Produce Legally Available Revenues sufficient to Cover Maximum Annual Lease Payments 1.00x mills mills Taxable assessed value, millage levels, ad-valorem taxes levied and collected, including the percentage collected See CAFR page 114 Tax Levies and Tax Collections Fiscal Total Current Tax Delinquent Total Taxes Year Tax Levy Collections Collections Collections Percent of Levy 2017 Historical Millages Fiscal Year Ended June 30, See CAFR page 48 and page 112 2017 General Fund Nonvoted School Tax State- Required Local Effort Local- Discretionary Add'l Discretionary Millage
Capital Projects Fund Nonvoted School Tax Local Capital Improvements Total Nonvoted Millage Debt Service Fund Voted School Tax: Debt Service Total District Millage Levy Assessed and Estimated Actual Value of Taxable Property See CAFR page 111 Total Estimated Total Gross Taxable Value % of Total Assessed to Total Tax Year Actual Value Assessed Value for Operating Purposes Estimated Actual Value 2017 Public Education Outlay Funds Insert Required Information See CAFRpage 85 Series 2016Sales, 2016A, 2015A, 2014B, 2007 Description of Any Additional Series of Certificates/Bonds Issued Under the Trust Agreement Insert Required Information See CAFR page 42 (newsales tax revenue bonds, series 2016)
Series 2016Sales, 2016A School District of Volusia County, Florida Summary of Revenues and Expenses - General Fund Fiscal Year 6/30 See CAFR page 19 2017 REVENUES Federal direct Federal through State Federal through local State sources Local sources Total revenues EXPENDITURES Current: Instruction Pupil personnel services Instructional media services Instruction and curriculum development services Instructional staff training services Instruction-related technology Board of education General administration School administration Facilities Services- Non- Capitalized Fiscal services Food services Central services Pupil transportation services Operation of plant Maintenance of plant Administrative technology services Community Services Debt service: Principal Interest and fiscal charges Capital Outlay: Facilities acquisition and construction Other capital outlay Total expenditures Excess (deficiency) of revenues Over/(under) expenditures Other Financing Sources (Uses) Proceeds from sale of capital Loss recoveries Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Beginning Fund Balance Ending Fund Balance
Series 2016A List of 10 highest ad valorem taxpayers See CAFR page 113 Fiscal Year 2017 2016 Percent of Taxpayer Type of Business Taxable Value Rank Total Taxable Value Subtotal Principal Taxpayers All Other Taxpayers Total Series 2016 Summary of Revenues and Expenditures (by Major Object) and Changes in Fund Balances Capital Projects Fiscal Year Ended June 30, See CAFR page 78 2017 State Sources: CO&DS distributed to district Interest on undistributed CO&DS Public Education Capital Outlay Class size reduction Charter school capital outlay funding Other State Sources Total State Sources Local Sources: Ad valorem taxes Sales tax Interest income and other Impact fees Contribution Local grants and other local sources Total local sources Total revenues
Expenditures: (by object) Library books Audio visual materials Buildings & fixed equip. Furniture, fixtures & equipment Motor vehicles Land Improvements other than buildings Remodeling and renovations Computer software Debt Service Total expenditures Excess (deficiency) of revenues over/( under) expenditures Other financing sources (uses), net Excess (deficiency) of revenues and other sources over/( under) expenditures and other uses Beginning fund balances Ending fund balances Series 2016Sales Sales Surtax Revenues Fiscal Year Ending 6/30 2017 Sales Surtax Revenues See CAFR page 121