Page 20 - PFAR Report 2022

M R
2013
2012
8 096
$ $ 222 292 838
$ 215 064 612
A2 A A A A A A A A A A A A Long Term Debt
A3 A- A- Fiscal Tax Year Year Year Year Millage Rate
96 75% $ 27 457 119 BPS reported the following long term debt for FY22 Category descriptions are below 2020 Other Postemployment Benefits2–019 Eligible retirees and their dependents m20a1y8
2019
2018
2017
choose the the Brevard School Board’s med20ic1a7l pla2n016 that is is available to active employees un2ti0l1t6hey2015 are are Medicare eligible The liability is is ac2tu0a1r5ially2014 calculated and represents the present present v2a0lu14e of2013 projected benefit payments that are att2r0ib1u3ted2t0o12 the past periods of employee service 2022 2021 2021 2020 5 5 850 5 5 5 942 6 086 Certificates of Participation – Lease-purchase agreements that allow the District to finance various educational facilities and equipment over time The debt is is is repaid as as a a a a a a a a a a a portion of the District’s lease payments which are funded through local capital improvement and impact fees Bonds Bonds – Bonds Bonds are issued to to investors by the the State Board of of Education on on on on behalf of of the the District The bonds finance capital outlay projects and are secured by a a a a a a a a a pledge of of the the District’s portion of of the the the State-assessed motor vehicle license
tax All servicing is is done by the the State State Board of of Administration Estimated Claims – Based on on on on claim adjusters’ and management evaluation along with with actuarial calculations with with respect to the probable number and nature of claims (workers’ compensation general liability liability automobile liability liability and medical) arising from losses that have have been been incurred but have have not yet been reported Compensated Absences – Earned vacation and sick leave benefits that are probable to to to be be monetarily compensated to to to employees due to to resignation or retirement 6 299 6 6 568 6 916 7 7 275 7 7 7 339 7 7 606 7 8 096
96 Net Pension Liability – Top ten taxpayers for tax The District’s proportionate share of of the the 3
Walmart Stores 4 City of Melbourne 5 Steward LLC
6 Health First Physicians 7 Plant Oleander 8 Publix Super Markets 9 Canaveral Port 10 Florida East Coast combined net liabilities of of the the the Florida Retirement
System Pension Plan and the the Retiree He1alth Florida Florida Power Insurance Subsidy Program 2 L3 Harris Technologies
FY22 Long Term Debt
Certificates of Participation Bonds Estimated Claims Compensated Absences Other Postemployment Benefits Net Pension Liability *Total assessed value Rank Taxpayer Name
Balance 06/30/22
$ 355 281 483 $ (a)
Taxable value equals assessed value Source: Brevard Public Schools $ $ $ $ $ $ 701 220 18
911 896 41 179 007 17
17
301 117
190 858 173 624 238 896 TOTAL
FY22 Long Term Debt
Balance 06/30/22
Due in One Year Certificates of Participation Fiscal Tax Millage $ 355 281 483 Total $ 25 328 653
Bonds Year Year Year Year Rate
$ 701 220 Tax Levy C $ 339 667 Estimated Claims 2022 2021 5 5 850 $ 18
911 896 $ $ $ 303 792 985
$ $ $ 29 $ $ $ $ $ 8 8 769 457 Compensated Absences 2021 2020 5 942 $ 41 179 007 $ $ $ $ 290 279 971 $ $ $ $ 28 $ $ $ $ $ 3
3
3
868 448
Other Postemployment Benefits 2020 2019
6 6 086 $ 17
17
301 117
$ $ $ $ 277 279 313 $ $ $ $ 26
$-
Net Pension Liability 2019
2018
6 299 $ 190 858 173 $ $ $ $ 266 519 827 $ $ $ $ 25 $-
TOTAL
2018
2017
6 6 6 6 568 $ 624 238 896 2017
2016 6 6 6 6 6 916 $ $ $ $ 254 858 312 $ $ $ $ 24 $ $ $ $ $ 38
306 225 $ $ $ 247 642 967 $ $ $ 23 Total ollected ollected Collected 3
3
836 066
96 72%
0 519 297
9 9 9 6 6 64%
8 8 104 518 96 69%
8 8 233 553 96 89%
6 6 937 354 96 89%
Taxable Assessed $ 51 930 424 $ 48 852 233 $ 45 560 189 $ 42 311 450 Percent illage at1e9
Total Collected Percent Taxable Uncollected 7 7 606 $ $ 218 412 465 $ $ 211 330U 7pp0e0r
A1 $ 28 715A +811 Total Tax Levy $ 221 801 019 2016 2015 2015 2014 $ 233 238 254 96 73% 96 77% 96 76% $ 33 145 486 2014 2013
7 7 275 $ 241 133 413 7 7 339 $ 229 213 976 High Aa1 AA+ AA+ Collected Assessed Value at 06/30/21
Medium
9 9 9 597 480 96 75% $ 35 807 253 Quality Aa2 AA AA AA AA Aa3$ 31 232A A3-17 Moody's S&P $ 38
803 031 Highest Quality Aaa AAA AAA