Oklahoma City Public Schools FY2012 Estimate of Needs presented 11/07/11
FY2012 Estimate of Needs Sinking Fund Levy General Fund Levy Building Fund Levy 20.99 mills 35.96 mills 5.14 mills FY2011 Collections FY2011 Collections FY2011 Collections $29,399,608 $8,588,099 $59,941,287 Average of 18 Mills Board Control Board Control Revenue Stream for Bond debt Permanent Levy Permanent Levy principal and interest payments Maximum Levy per OK Law Maximum Levy per OK Law Variable Levy based on debt Chargeable against State Bond Authorization Funding
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 $212,000,000 Capital Improvement $ 21,000,000 Technology $ 69,500,000 - Sold $ 21,000,000 – Sold $142,500,000 - Remaining $ 0 - Remaining $ 50,000,000 - Projected Spring Sale $ 7,300,000 Transportation $ 8,000,000 Safety and Security $ 7,300,000 - Sold $ 2,200,000 - Sold $ 0 - Remaining $ 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
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