Page 20 - BPS PFAR Report Fiscal Year 2021

Long Term Debt
BPS reported the following long term debt for FY21. Category descriptions are below.
FY21 Long Term Debt
Balance 06/30/21
Due in One Year
Certificates of Participation
$ 379,661,136
$ 24,373,653
Bonds
$ 1,042,430
$ 341,209
Estimated Claims
$ 17,684,429
$ 8,436,980
Compensated Absences
$ 45,215,955
$ 4,111,216
Other Postemployment Benefits
$ 16,946,793
$-
Net Pension Liability
$ 470,699,579
$-
TOTAL
$ 931,250,322
$ 37,263,058
Certificates of Participation –
Compensated Absences – Percent Taxable Uncollected
Highest Quality
High Quality
al Tax Millage Total Total
Lease-purchase agreements that allow the
Earned vacation and sick leave benefits that
r Year Rate Tax Levy Collected
Upper Medium
Collected Assessed Value at 06/30/21
are probable to be monetarily compensated to
1 202a0nd eq5u.9ip4m2 ent$o2v9e0r,2ti7m9e,9.7T1he d$e2b8t 0is,5r1e9p,a2i9d7as 96.6e4m%ploy$e4e8s,8d5u2e,2t3o3r,4e7si3gnati$o9n,7o6r0r,6eti74rement.
Medium Grade
District to finance various educational facilities
a portion of the District’s lease payments, which
0 2019 6.086
$ 277,279,313 $ 268,104,518 96.69% $ 45,560,189,476 $ 9,174,795
are funded through local capital improvement and Other Postemployment Benefits –
9 2018 6.299
$ 266,519,827 $ 254,858,312 $ 247,642,967
$ 258,233,553 $ 246,937,354 $ 239,597,480
96.89% $ 42,311,450,495 $ 8,286,274
impact fees.
Eligible retirees and their dependents may
8 2017 6.568 7 2016 6.916
96.89% $ 38,803,031,716 $ 7,920,958
Speculative
Bonds –
96.75% $ 35,807,253,742 $ 8,045,487
16 2015 7.275
$ 241,133,413
$ 233,238,254
that is available to active employees until they
Estimated Claims –
The District’s proportionate share of the combined net liabilities of the Florida Retirement System Pension Plan and the Retiree Health
p ten taxpayers for tax year 2020
Based on claim adjusters’ and management
k Taxpeavyaelur aNtiaomnealong with actuarial calculaTtiaoxanbslewVitahlue (aI)nsura%ncoef TSoutbasl iAdsyePssreodgrVaamlu.e*
respect to the probable number and nature of
Florida Power & Light Company $ 23,798,689
0.0487% 0.0079% 0.0065% 0.0055% 0.0039% 0.0038% 0.0039% 0.0028% 0.0027% 0.0026% 0.0883%
$48,852,233,473
claims (workers’ compensation, general liability,
L3 Harris Technologies $
3,880,300
19
automobile liability, and medical) arising from
City of Melbourne Airport Authority $
3,179,999
losses that have been incurred but have not yet
PlanbteOelnearnedpeorrPteodw.er Project Ltd Steward, LLC
Health First Physicians Real & Estate, LLC Brighthouse Networks, LLC
AT&T Florida
Publix Super Markets, Inc.
Cape Caribe, Inc.
TOTAL
tal assessed value for tax year 2020 - all taxpayers
$ 2,682,802 $ 1,918,702 $ 1,867,789 $ 1,844,076 $ 1,375,231 $ 1,334,882 $ 1,276,664 $ 43,159,134
axable value equals assessed value less exemptions.
rce: Brevard Public Schools Comprehensive Annual Report for the year ended June 30, 2020
96.73%
$ 33,145,486,378 $ 7,895,159
Bonds are issued to investors by the State Board are Medicare eligible. The liability is actuarially
15 2014 7.339 $ 229,213,976 $ 221,801,019 96.77%
$ 31,232,317,152 $ 7,412,957
of Education on behalf of the District. The bonds calculated and represents the present value of
14 2013 7.606 $ 218,412,465 $ 211,330,700 96.76% $ 28,715,811,876 $ 7,081,765
finance capital outlay projects and are secured projected benefit payments that are attributed to
13 2012 8.096 $ 222,292,838 $ 215,064,612 96.75%
$ 27,457,119,378 $ 7,228,226
by a pledge of the District’s portion of the State- the past periods of employee service. 12 20a1s1sess8e.1d1m2 oto$r 2ve2h5,i6cl1e1l,i2c5e3nse t$a2x1. 8A,1ll0s9e,3rv6i4cing96.67% $ 27,812,038,128 $ 7,501,889
Moody's
S&P
Fitch
is done by the State Board of Administration.
Net Pension Liability –
choose the Brevard School Board’s medical plan
c a
M
A
A A A
A A
2 BA 2B
1B
1 B
1C
o
0
o
T u
C C