TO:
Orange County Taxing Agencies
ATTENTION:
Finance/Fiscal Directors SUBJECT:
Property Tax Apportionments for Fiscal Year 2009/2010
I am pleased to provide you this fiscal year’s plan for the distribution of property tax collections to your agency. The attached schedule of property tax apportionments will help you in your fiscal planning for the year.
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. The tax levy data will be posted to the Auditor-Controller’s website, www.ac.ocgov.com/, as soon as it is available, which is estimated to be during the fourth week of September.
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 Fund 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, Arounsy Phommasa at (714) 834-3839, or Eliseo Gillamac at (714) 834-4437 if you have any questions regarding this schedule. Please remember that this property tax apportionment schedule, the apportionment remittance advices, and the year-to-date tax ledger are all available on our website.
David E. Sundstrom, CPA
Auditor-Controller
Secured: All Funds—Teeter and non-Teeter:
Apport Number
Apport Date
Available Date
Apportionment Based On
Estimated % of Secured Levy
1
11-10-09
11-13-09
Collections at 10-30-2009
7% - 10%
2
12-08-09
12-10-09
Collections at 11-30-2009
20% - 25%
3
12-22-09
12-24-09
Collections at 12-11-2009
15% - 20%
4
01-19-10
01-21-10
Collections at 01-08-2010
1% - 5%
5
03-16-10
03-18-10
Collections at 03-05-2010
5% - 7%
6
04-27-10
04-29-10
Collections at 04-14-2010
30% - 35%
7
05-25-10
05-27-10
Collections at 05-14-2010
1% - 5%
8
07-13-10
07-15-10
Collections at 06-30-2010
1% - 2%
Secured Teeter Funds only:
Apport Number
Apport Date
Available Date
Apportionment Based On
Estimated % of Secured Levy
1
07-14-10
07-16-10
Actual Final Delinquencies
1% - 3%
Prior Year Secured Taxes and Prior Year Secured Penalties:
non-Teeter Funds only:
Apport Number
Apport Date
Available Date
Apportionments Based On
1
08-18-09
08-20-09
July Collections
2
09-15-09
09-17-09
August Collections
3
10-13-09
10-15-09
September Collections
4
11-10-09
11-13-09
October Collections
5
12-08-09
12-10-09
November Collections
6
01-19-10
01-21-10
December Collections
7
02-16-10
02-18-10
January Collections
8
03-16-10
03-18-10
February Collections
9
04-13-10
04-15-10
March Collections
10
05-11-10
05-13-10
April Collections
11
06-22-10
06-24-10
May Collections
12
07-14-10
07-16-10
June Collections
The following schedules apply to both Teeter and non-Teeter
funds:
Unsecured:
Apport Number
Apport Date
Available Date
Apportionment Based On
Estimated % of Tax Levy
1
09-15-09
09-17-09
Collections at 08-31-2009
80% - 85%
2
01-19-10
01-21-10
Collections at 12-31-2009
5% - 8%
3
06-22-10
06-24-10
Collections at 05-31-2010
2% - 5%
State-Assessed—Public Utility, Regulated Railroads, and Qualified Property:
Apport Number
Apport Date
Available Date
Apportionment Based On
Estimated % of Tax Levy
1
01-12-10
01-14-10
1st Installment Collections
49% - 50%
2
05-18-10
05-20-10
2nd Installment Collections
49% - 50%
Supplemental:
Apport Number
Apport Date
Available Date
Apportionment Based On
1
08-18-09
08-20-09
Collections for July
2
09-15-09
09-17-09
Collections for August
3
10-13-09
10-15-09
Collections for September
4
11-10-09
11-13-09
Collections for October
5
12-08-09
12-10-09
Collections for November
6
01-19-10
01-21-10
Collections for December
7
02-16-10
02-18-10
Collections for January
8
03-16-10
03-18-10
Collections for February
9
04-13-10
04-15-10
Collections for March
10
05-11-10
05-13-10
Collections for April
11
06-22-10
06-24-10
Collections for May
12
07-14-10
07-16-10
Collections for June
Delinquent Prior Year Supplemental Taxes and Penalties:
Apport Number
Apport Date
Available Date
Apportionment Based On
1
07-13-10
07-15-10
07-01-09 through 06-30-10 Collections
Delinquent Prior Year Unsecured:
Apport Number
Apport Date
Available Date
Apportionment Based On
1
06-22-10
06-24-10
06-01-09 through 05-31-10 Collections
Homeowners Property Tax Relief:
Apport Number
Apport Date
Available Date
Amount to be Apportioned
1
12-08-09
12-10-09
15%
2
01-05-10
01-07-10
35%
3
05-04-10
05-06-10
35%
4
06-08-10
06-10-10
15%
Educational Revenue Augmentation Tax Fund (ERAF):
Apport Number
Apport Date
Available Date
Estimated Amount to be Apportioned
1
01-05-10
01-05-10
Amt Req'd for 1st Triple Flip/VLF Swap Apprmt
2
05-11-10
05-11-10
Amt Req'd for 2nd Triple Flip/VLF Swap Apprmt
3
06-29-10
06-29-10
For Schools: Available Balance at 06-25-10
4
07-15-10
07-15-10
For Schools: Balance in Fund as of 07-14-10
Sales and Use Tax Compensation - Triple Flip (Cities and
County only):
Apport Number
Apport Date
Available Date
Estimated % to be Apportioned
1
01-06-10
01-08-10
50% plus Prior Year True-Up
2
05-12-10
05-14-10
50%
Property Tax In-Lieu of Vehicle License Fees-State VLF
Swap (Cities and County only):
Legal