FY2012 Estimate of Needs presented 11/07/11 FY2012 Estimate of - - PowerPoint PPT Presentation

Oklahoma City Public Schools FY2012 Estimate of Needs

presented 11/07/11

FY2012 Estimate of Needs

General Fund Levy

35.96 mills FY2011 Collections $59,941,287

Board Control Permanent Levy Maximum Levy per OK Law Chargeable against State Funding

Building Fund Levy

5.14 mills FY2011 Collections $8,588,099

Board Control Permanent Levy Maximum Levy per OK Law

Sinking Fund Levy

20.99 mills FY2011 Collections $29,399,608

Average of 18 Mills Revenue Stream for Bond debt principal and interest payments Variable Levy based on debt Bond Authorization

FY2012 Estimate of Needs

• 2011 Net Assessed Valuation (NAV)

$1,879,038,468

• % Increase of NAV (5 Years)
• 2011

1.52%

• 2010

1.56%

• 2009

5.07%

• 2008

3.71%

• 2007

3.13%

Bonding Capacity (NAV * MAF * 10%)

$ 193,066,317

Total Bond Debt (Maturities 5-15 years)

$ 202,410,000

Less Cash on Hand

( 38,617,039)

Available Capacity

$ 163,792,961

FY2012 Estimate of Needs

$248,300,000 YES for Kids Authorized in FY2008

$ 21,000,000 Technology $ 21,000,000 – Sold $ 0 - Remaining $212,000,000 Capital Improvement $ 69,500,000 - Sold $142,500,000 - Remaining $ 50,000,000 - Projected Spring Sale $ 7,300,000 Transportation $ 7,300,000 - Sold $ 0 - Remaining $ 8,000,000 Safety and Security $ 2,200,000 - Sold $ 5,800,000 - Remaining

FY2012 Estimate of Needs

Sinking Fund Levy Comparison

No. District 2011 Levy No. District 2011 Levy 1. Bethany 33.40 11. Crutcho 23.40 2. Deer Creek 32.36 12. Jones 23.40 3. Piedmont 30.18 13. Western Heights 21.26 4. Choctaw 27.23 14. Putnam City 19.53 5. Oakdale 26.51 15. Harrah 18.97 6. Crooked Oak 25.02 16. Oklahoma City 17.60 7. Moore 25.02 17. Millwood 15.84 8. Edmond 24.70 18. Luther 13.69 9. Mid-Del 24.30 19. McLoud 6.94 10. Mustang 23.70 Average Levy 22.79

Source of Data: Oklahoma County Assessor Reference: All K-12 Districts assessing a Sinking Fund Levy in Oklahoma County

Estimate of Needs Questions?