Apportionment Schedule Letter

Property Tax Apportionments Fiscal Year 2013-2014

July 29th, 2013

The attached schedule is this fiscal year’s plan for the distribution of property tax collections to your agency.   

 Property tax apportionments are based on actual collections.  However, the amount of each apportionment may be estimated by applying the percentages shown to the tax levies for your various funds.  The percentages are estimates based on historical experience of tax collections and may differ from actual experience. 

 Tax levy data will be posted to the Auditor-Controller’s Property Tax Accounting website, www.ac.ocgov.com, as soon as it is available, which is estimated to be during the fourth week of September.  This property tax apportionment schedule, the apportionment remittance advices, and the year-to-date tax ledger are all available on our website.

 Collection charges, where appropriate, will be deducted from the following apportionments:  Secured, Unsecured, Prior Year Secured, Prior Year Secured Penalties, Delinquent Prior Year Unsecured, Teeter Plan Secured, and State Assessed Unitary.  The Property Tax Administration Charge (PTAC) will be recovered in the sixth secured apportionment.

 Tax apportionment payments will be made by Electronic Funds Transfer (EFT) to those agencies that use a depository other than the County Treasury.  Journal voucher transfers will be made by this office crediting the funds of those agencies that use the County Treasury as their depository.                                          

 Interest earned on property tax collections prior to apportionment, is allocated and distributed to all taxing agencies based on calculations made by the County Treasurer-Tax Collector.  The distribution of interest earned is anticipated to be made in two installments.

 The apportionments are planned for the scheduled dates per the attached schedule; however, unforeseen circumstances could cause a change in distribution dates.  You will be notified if there is any change in the scheduled dates.

 You may contact Frank Davies at (714) 834-3015, or Arounsy Phommasa at (714)834-3839, or Eliseo Gillamac at (714) 834-4437, if you have any questions regarding this schedule.

  

                                                            Jan E. Grimes

                                                            Auditor-Controller

Secured: All Funds (Teeter and non-Teeter)

Apportionment

Number

Apportionment

Date

Available

Date

Apportionment Based On Collections as of:

Estimated % of

Secured Levy

1

11-12-2013

11-14-2013

11-01-2013

7% - 10%

2

12-03-2013

12-05-2013

11-25-2013

5% - 10%

3

12-17-2013

12-19-2013

12-11-2013

30% - 35%

4

01-14-2014

01-16-2014

01-03-2014

1% - 5%

5

03-11-2014

03-13-2014

02-28-2014

5% - 7%

6

04-22-2014

04-24-2014

04-11-2014

30% - 35%

7

05-20-2014

05-22-2014

05-09-2014

1% - 5%

8

07-15-2014

07-17-2014

06-30-2014

1% - 2%

Teeter Apportionment: Teeter Funds only

Apportionment

Number

Apportionment

Date

Available

Date

Apportionment Based On:

Estimated % of

Secured Levy

1

07-16-2014

07-18-2014

Delinquencies at Year-End

1% - 3%



Prior Year Secured Taxes and Prior Year Secured Penalties - non-Teeter Funds only

Apportionment

Number

Apportionment

Date

Available

Date

Apportionment Based On Collections as of:

1

08-13-2013

08-15-2013

08-02-2013

2

09-10-2013

09-12-2013

09-03-2013

3

10-08-2013

10-10-2013

09-27-2013

4

11-05-2013

11-07-2013

10-25-2013

5

12-17-2013

12-19-2013

12-11-2013

6

01-14-2014

01-16-2014

01-03-2014

7

02-11-2014

02-13-2014

01-31-2014

8

03-11-2014

03-13-2014

02-28-2014

9

04-08-2014

04-10-2014

03-28-2014

10

05-06-2014

05-08-2014

04-25-2014

11

06-17-2014

06-19-2014

06-06-2014

12

07-16-2014

07-18-2014

06-30-2014

The following schedules apply to both Teeter and non-Teeter funds:

Unsecured

Apportionment

Number

Apportionment

Date

Available

Date

Apportionment Based On Collections as of:

Estimated

% of Tax Levy

1

09-10-2013

09-12-2013

09-04-2013

60% - 65%

2

01-14-2014

01-16-2014

01-03-2014

20% -30%

3

06-24-2014

06-26-2014

06-13-2014

2%- 5%

State-Assessed - Public Utility and Regulated Railroads

Apportionment

Number

Apportionment

Date

Available

Date

Apportionment Based On:

Estimated %

of Tax Levy

1

01-14-2014

01-16-2014

1st Installment Collections

49% - 50%

2

05-20-2014

05-22-2014

2nd Installment Collections

49% - 50%

Supplemental

Apportionment

Number

Apportionment

Date

Available

Date

Apportionment Based On Collections as of:

1

08-13-2013

08-15-2013

08-02-2013

2

09-10-2013

09-12-2013

09-03-2013

3

10-08-2013

10-10-2013

09-27-2013

4

11-05-2013

11-07-2013

10-25-2013

5

12-17-2013

12-19-2013

12-11-2013

6

01-14-2014

01-16-2014

01-03-2014

7

02-11-2014

02-13-2014

01-31-2014

8

03-11-2014

03-13-2014

02-28-2014

9

04-08-2014

04-10-2014

03-28-2014

10

05-06-2014

05-08-2014

04-25-2014

11

06-17-2014

06-19-2014

06-06-2014

12

07-16-2014

07-18-2014

06-30-2014


Delinquent Prior Year Supplemental Taxes and Penalties

Apportionment

Number

Apportionment

Date

Available

Date

Apportionment Based On Collections:

1

07-15-2014

07-17-2014

07-01-2013 through 06-30-2014

Delinquent Prior Year Unsecured

Apportionment

Number

Apportionment

Date

Available

Date

Apportionment Based On Collections:

1

06-24-2014

06-26-2014

07-01-2013 through 06-13-2014

Homeowners Property Tax Relief

Apportionment

Number

Apportionment

Date

Available

Date

Amount to be Apportioned

1

12-10-2013

12-12-2013

15%

2

01-07-2014

01-09-2014

35%

3

05-06-2014

05-08-2014

35%

4

06-03-2014

06-05-2014

15%


Educational Revenue Augmentation Tax Fund (ERAF)

Apportionment

Number

Apportionment

Date

Estimated Amount to be Apportioned

1

01-06-2014

Amt Req’d for 1st Triple Flip, VLF Swap, Cnty Equity Apprmts

2

05-05-2014

Amt Req’d for 2nd Triple Flip, VLF Swap, Cnty Equity Apprmts

3

06-26-2014

For Schools: Available Balance at 06-25-2014

4

07-17-2014

For Schools: Balance in Fund as of 07-16-2014

Sales and Use Tax Compensation - Triple Flip (Cities and County only)

Apportionment

Number

Apportionment

Date

Available

Date

Estimated % to be Apportioned

1

01-07-2014

01-09-2014

50% plus Prior Year True-Up

2

05-06-2014

05-08-2014

50%

Property Tax In-Lieu of Vehicle License Fees - State VLF Swap (Cities and County only)

Apportionment

Number

Apportionment

Date

Available

Date

Estimated % to be Apportioned

1

01-07-2014

01-09-2014

50%

2

05-06-2014

05-08-2014

50%

Interest on Unapportioned Tax Funds

Apportionment

Number

Apportionment

Date

Available

Date

Based on Interest Earned:

1

01-14-2014

01-16-2014

06-01-2013 through 11-30-2013

2

06-24-2014

06-26-2014

12-01-2013 through 05-31-2014

Pass-Through Payments

Apportionment

Number

Apportionment

Date

Available

Date

Incremental Property Tax:

1

12-30-2013

01-02-2014

05-01-2013 through 12-31-2013

2

05-28-2014

05-30-2014

01-01-2014 through 04-30-2014

Recognized Obligation Payment Schedules (ROPS) 13-14b and 14-15a

Apportionment

Number

Apportionment

Date

Available

Date

Based on DOF Approved ROPS for:

1

01-02-2014

01-06-2014

01-02-2014 through 06-30-2014

2

06-02-2014

06-04-2014

07-01-2014 through 12-31-2014


Residual Balance Distributions

Apportionment

Number

Apportionment

Date

Available

Date

Based on Residual Balance of RPTTF After Distributions for:

1

01-02-2014

01-06-2014

01-02-2014 through 06-30-2014

2

06-02-2014

06-04-2014

07-01-2014 through 12-31-2014

RPTTF = Redevelopment Property Tax Trust Fund