Apportionment Schedule Letter

Property Tax Apportionments Fiscal Year 2014-2015

August 12th, 2014

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 Bang Quan 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

11-12-2014

11-14-2014

11-01-2014

7% - 10%

2

12-02-2014

12-04-2014

11-24-2014

5% - 10%

3

12-16-2014

12-18-2014

12-11-2014

30% - 35%

4

01-13-2015

01-15-2015

01-02-2015

1% - 5%

5

03-10-2015

03-12-2015

02-27-2015

5% - 7%

6

04-21-2015

04-23-2015

04-13-2015

30% - 35%

7

05-19-2015

05-21-2015

05-08-2015

1% - 5%

8

07-14-2015

07-16-2015

06-30-2015

1% - 2%

Teeter Apportionment: Teeter Funds only

Apportionment

Number

Apportionment

Date

Available

Date

Apportionment Based On:

Estimated % of

Secured Levy

1

07-15-2015

07-17-2015

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

08-12-2014

08-14-2014

08-01-2014

2

09-09-2014

09-11-2014

09-02-2014

3

10-07-2014

10-09-2014

09-26-2014

4

11-04-2014

11-06-2014

10-24-2014

5

12-16-2014

12-18-2014

12-10-2014

6

01-13-2015

01-15-2015

01-02-2015

7

02-11-2015

02-13-2015

01-30-2015

8

03-10-2015

03-12-2015

02-27-2015

9

04-07-2015

04-09-2015

03-27-2015

10

05-05-2015

05-07-2015

04-24-2015

11

06-16-2015

06-18-2015

06-05-2015

12

07-15-2015

07-17-2015

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

09-09-2014

09-11-2014

09-03-2014

60% - 65%

2

01-13-2015

01-15-2015

01-02-2015

20% -30%

3

06-23-2015

06-25-2015

06-12-2015

2%- 5%

State-Assessed - Public Utility and Regulated Railroads

Apportionment

Number

Apportionment

Date

Available

Date

Apportionment Based On:

Estimated %

of Tax Levy

1

01-13-2015

01-15-2015

1st Installment Collections

49% - 50%

2

05-19-2015

05-21-2015

2nd Installment Collections

49% - 50%

Supplemental

Apportionment

Number

Apportionment

Date

Available

Date

Apportionment Based On Collections as of:

1

08-12-2014

08-14-2014

08-01-2014

2

09-09-2014

09-11-2014

09-02-2014

3

10-07-2014

10-09-2014

09-26-2014

4

11-04-2014

11-06-2014

10-24-2014

5

12-16-2014

12-18-2014

12-10-2014

6

01-13-2015

01-15-2015

01-02-2015

7

02-11-2015

02-13-2015

01-30-2015

8

03-10-2015

03-12-2015

02-27-2015

9

04-07-2015

04-09-2015

03-27-2015

10

05-05-2015

05-07-2015

04-24-2015

11

06-16-2015

06-18-2015

06-05-2015

12

07-15-2015

07-17-2015

06-30-2015


Delinquent Prior Year Supplemental Taxes and Penalties

Apportionment

Number

Apportionment

Date

Available

Date

Apportionment Based On Collections:

1

07-14-2015

07-16-2015

07-01-2014 through 06-30-2015

Delinquent Prior Year Unsecured

Apportionment

Number

Apportionment

Date

Available

Date

Apportionment Based On Collections:

1

06-23-2016

06-25-2015

07-01-2014 through 06-12-2015

Homeowners Property Tax Relief

Apportionment

Number

Apportionment

Date

Available

Date

Amount to be Apportioned

1

12-09-2014

12-11-2014

15%

2

01-06-2015

01-08-2015

35%

3

05-05-2015

05-07-2015

35%

4

06-02-2015

06-04-2015

15%


Educational Revenue Augmentation Tax Fund (ERAF)

Apportionment

Number

Apportionment

Date

Estimated Amount to be Apportioned

1

01-05-2015

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

2

05-04-2015

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

3

06-29-2015

For Schools: Available Balance at 06-26-2015

4

07-17-2015

For Schools: Balance in Fund as of 07-15-2015

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

Apportionment

Number

Apportionment

Date

Available

Date

Estimated % to be Apportioned

1

01-06-2015

01-08-2015

50% plus Prior Year True-Up

2

05-05-2015

05-07-2015

50%

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

Apportionment

Number

Apportionment

Date

Available

Date

Estimated % to be Apportioned

1

01-06-2015

01-08-2015

50%

2

05-05-2015

05-07-2015

50%

Interest on Unapportioned Tax Funds

Apportionment

Number

Apportionment

Date

Available

Date

Based on Interest Earned:

1

01-13-2015

01-15-2015

06-01-2014 through 11-30-2014

2

06-23-2015

06-25-2015

12-01-2014 through 05-31-2015

Pass-Through Payments

Apportionment

Number

Apportionment

Date

Available

Date

Incremental Property Tax:

1

12-30-2014

01-02-2015

05-01-2014 through 12-31-2014

2

05-27-2015

05-29-2015

01-01-2015 through 04-30-2015

Recognized Obligation Payment Schedules (ROPS) 14-15b and 15-16a

Apportionment

Number

Apportionment

Date

Available

Date

Based on DOF Approved ROPS for:

1

01-02-2015

01-06-2015

14-15B January - June 2015

2

06-02-2014

06-04-2014

15-16A July - December 2015


Residual Balance Distributions

Apportionment

Number

Apportionment

Date

Available

Date

Based on Residual Balance of RPTTF After Distributions for:

1

01-02-2015

01-06-2015

14-15B January - June 2015

2

06-02-2015

06-04-2015

15-16A July - December 2015

RPTTF = Redevelopment Property Tax Trust Fund