Page 21 - PFAR Report 2022

A A A A A A Long Term Debt
(continued) Quality Medium
Aa3 AA- AA- AA- AA- A1 A+ A+ A+ A+ A2 A A A A A A A A A A A A A A A A A A A- A- Total Total Total Total Percent Taxable Uncollected Tax Tax Levy Collected Collected Collected Collected Assessed Value at 06/30/22
Upper
378
$ 7 228 226
Moody's Aa2 Aa3 Aa2 AA AA AA AA AA AA AA AA AA AA AA AA 96 64%
$ 48 852 233 473
$ 9 760 674
Grade Baa2 BBB BBB BBB BBB BBB BBB BBB BBB BBB BBB BBB BBB A A bond bond rating rating is is is a a a a a a a a a a a a a a a a a a letter-based score used to judge the the the the the quality and creditworthiness of of a a a a a a a a a a a a a a a a a a bond bond issuer of of of of the the the the the the the bond bond bond and and and therefore influences interest rates bond bond bond pricing and and and the the the the the the the number of of of of investors investors 5 $ $ 303 792 985
$ $ 293 836 066
5 5 $ $ $ $ 2B9O0 2N79D 97R1AT$IN28G0S 519 297
96 72%
$ 51 930 424 822 $ 9 9 9 9 956 919
A3 A- A- A- A- Medium
Baa1 BBB+ BBB+ BBB+ BBB+ 6 6 6 6 $ $ 277 279 313 $ $ 268 104 518 96 69%
$ $ 45 560 189 476 $ $ 9 9 9 174 795
Baa3 BBB- BBB- BBB- BBB- Rating agencies assign their ratings based based on on on on the the the the the the the financial strength of of the the the the the the the District The The higher the the the the the the the 6 6 6 $ $ 266 519 827 $ $ 258 233 553 96 89%
$ $ 42 311 450 495 $ $ 8 8 286 274 Speculative Ba BB BB BB BB BB BB rating rating rating the the the the the the the the the less risk an an an an an investor investor investor assumes The The bond bond bond rating rating rating alerts investors investors to to to to the the the the the the the the the quality and and and stability
6 6 $ $ 254 858 312 $ $ 246 937 354 96 89%
$ $ 38
803 031 716 $ $ 7 7 920 958
BBB 6 6 6 6 $ $ 247 642 967 $ $ 239 597 480 96 96 75% $ $ 35 807 253 742 $ $ 8 8 8 045 487 Ca Ca CC CC CC CC CC CC CC CC CC CC The Certificate of of of of Participation ratings can differ based on on on on the the the the the inherent lack of of of of flexibility to to the the the the the 7 7 7 $ $ $ $ 241 133 413 $ $ $ $ 233 238 254 96 73% $ $ $ $ 33 33 33 145 486 378
$ $ $ $ 7 7 7 895 159
CCC
security structure 7 7 7 7 7 7 $ $ $ $ 229 213 976 $ $ $ $ 221 801 019 96 77% $ $ $ $ 31 31 232 317 152 $ $ $ $ 7 7 7 7 7 7 412 957
Caa CCC
CCC
CCC
CCC
7 7 7 7 7 7 $ $ $ $ 218 412 465 $ $ $ $ 211 330 700 96 76% $ $ $ $ 28 715 811 876 $ $ $ $ 7 7 7 7 7 7 081 765
The three main nationally recognized credit rating agencies are Moody’s 8 8 $ $ 222 292 838
$ $ 215 064 612
96 75% $ $ 27 457 119 378
$ $ 7 7 7 7 228 226
Standard & & Poor’s (S&P) and and Fitch Brevard Public Schools has been given the following bond ratings as of June 30 2022:
tax year 2021 Inc Airport Authority
Real & Estate LLC
Power Project Ltd
Inc Authority
Railway LLC
& Light Company for tax tax year 2021 - all taxpayers Taxable Value (a)
$ 23 989 446
$ 4 4 021 642 $ 3
565 740
$ 2 676 194
$ 2 009 464
$ 1 827 522
$ 1 1 600 019 $ 1 225 847
$ 1 1 1 161 285
$ 1 1 155 243 $ 43 232 402
%
of Total Asessed Value*
0 0 0462% 0 0 0 0077% 0 0 0 0069% 0 0 0 0052% 0 0 0 0039% 0 0 0 0035% 0 0 0 0031% 0 0 0 0024% 0 0 0 0022% 0 0 0 0022% 0 0 0883%
$ 51 930 424 822 Due in One Year $ $ 25 328 653
value value less exemptions Comprehensive Annual Report for the year ended June 30 2020 $ 339 667 8 769 457 3
868 448
- - 38
306 225 Uncollected at 06/30/21
$ 9 9 9 9 956 919
$ 9 760 674
$ 9 9 174 795
$ 8 8 286 274 $ 7 920 958
$ 8 8 045 487 $ 7 895 159
$ 7 7 412 957
$ 7 7 081 765
$ $ $ $ $ The ratings are defined as:
Value 822 473
476 495 8A76+
Certificates of Participation 378
Bonds 20 AA+ AA+ 742 AA AA AA AA 15A2A-
Fitch 716 Moody's S&P Fitch Bonds Aa2 n/a
AA Certificates of Participation Aa3 n/a
AAA AAA Highest Quality High Quality Upper
Medium
Medium
Grade Speculative Moody's Aaa Aa1 Aa2 Aa3 A1 A2 A3 Baa1 Baa2 Baa3 Ba B B Caa Ca Ca C C S&P AAA AA+ AA AA AA AA- A+ A A A A- BBB+ BBB BBB BBB BBB- BB B B CCC
CC CC C C C Fitch AAA AA+ AA AA AA AA- A+ A A A A- BBB+ BBB BBB BBB BBB- BB B B B CCC
CC CC C C C AA-