Securities and Exchange Commission Rule 15c2-12

RULE 15c2-12 FILING COVER SHEET

This cover sheet is sent with all submissions to the Municipal Securities Rulemaking Board's Electronic Municipal Market Access ("EMMA") pursuant to Securities and Exchange Commission (SEC) Rule 15c2-12 or any analogous state statutes.

Issuer Name: Dallas County Community College District

Issue(s):

  • $ 122,415,000 General Obligation Refunding Bonds, Series 2016
  • $ 60,665,000 General Obligation Refunding Bonds, Series 2017
  • $ 30,095,000 Tax Notes, Series 2020

Filing Format: electronic

CUSIP Numbers to which the information filed relates (optional):

Nine-digit number(s) (see following page(s)):

Financial & Operating Data Disclosure Information

Annual Financial Report or CAFR

Financial Information & Operating Data

Fiscal Period Covered: FYE 2020

Annual

I hereby represent that I am authorized by the issuer or its agent to distribute this information publicly: Signature: /s/ John Robertson

Name: John Robertson

Title: Chief Financial Officer

Employer: Dallas County Community College District

Telephone Number: 972-860-7710 Email Address: jrobertson@dcccd.edu

DESCRIPTION OF ISSUES COVERED BY THIS REPORT

General Obligation Refunding Bonds, Series 2016

Date

Principal

CUSIP

02/15/22

$7,665,000

234685LC7

02/15/23

7,965,000

234685LD5

02/15/24

6,515,000

234685LE3

02/15/25

8,765,000

234685LF0

02/15/26

10,040,000

234685LG8

02/15/27

10,530,000

234685LH6

02/15/28

11,100,000

234685LJ2

Total

$62,580,000

 


General Obligation Refunding Bonds, Series 2017

Date
Principal
CUSIP

02/15/23

2,955,000

234685LQ6

02/15/24

3,110,000

234685LR4

02/15/25

3,270,000

234685LS2

02/15/26

3,440,000

234685LT0

02/15/27

3,610,000

234685LU7

02/15/28

3,780,000

234685LV5

02/15/29

3,930,000

234685LW3

Total

$26,910,000

 


Tax Notes, Series 2020

Date
Principal
CUSIP
2/15/22
$26,260,000
Total
$26,260,000
     
 

CONTINUING DISCLOSURE REPORT FOR THE

FISCAL YEAR ENDED AUGUST 31, 2020 DALLAS COUNTY COMMUNITY COLLEGE DISTRICT

GENERAL OBLIGATION

HTS CONTINUING DISCLOSURE SERVICES

A DIVISION OF HILLTOP SECURITIES

FINANCIAL STATEMENTS

The audited financial statements for the District for the fiscal year ended August 31, 2020 are being filed directly with the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access ("EMMA") and are hereby incorporated by reference into this Annual Continuing Disclosure Report.

SIGNATURE OF ISSUER

The information set forth herein has been obtained from the District and other sources believed to be reliable, but such information is not guaranteed as to accuracy or completeness and is not to be construed as a promise or guarantee. This Annual Continuing Disclosure Report may contain, in part, estimates and matters of opinion which are not intended as statements of fact, and no representation is made as to the correctness of such estimates and opinions, or that they will be realized. The information and expressions of opinion contained herein are subject to change without notice, and the delivery of this Annual Continuing Disclosure Report will not, under any circumstances, create any implication that there has been no change in the affairs of the District or other matters described.

Dallas County Community College District

John Robertson

Chief Financial Officer

Approved for Submission:

Date: 2/26/2021

CERTIFICATE OF SUBMISSION OF ANNUAL REPORT

Subject to the continuing disclosure requirements of SEC Rule 15c2-12, this Annual Continuing Disclosure Report for the Dallas County Community College District with respect to the issues listed on the report cover was submitted directly to the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access ("EMMA") listed below.

Municipal Securities Rulemaking Board ("MSRB") via the Electronic Municipal Market Access ("EMMA") system

HTS Continuing Disclosure Services, A Division of Hilltop Securities Inc.

Signed by:

Dan Turbenson

DALLAS COUNTY COMMUNITY COLLEGE DISTRICT 2021 GENERAL OBLIGATION REPORT

TABLE 1 - VALUATION, EXEMPTIONS AND TAX SUPPORTED DEBT (1)

 

2020/21 Market Valuation Established by Dallas County Appraisal District $ 350,355,051,104

Less Exemptions/Reductions at 100% Market Value:

Homestead Local Option

$23,855,187,497

 

Over 65 and Disabled

10,150,461,887

Disabled Veterans Exemptions

561,505,125

Pollution Control

24,316,764

Donated Home

311,503

Capped Value Loss

7,470,729,079

Totally Exempt

36,170,865,620

Prorated Totally Exempt

54,495,600

Under 500

1,581,870

Mineral Rights

111,500

Agriculture Loss

892,408,321

Low-Income Housing

4,600,000

79,186,574,766

2020/21 Taxable Assessed Valuation

 

$ 271,168,476,338

Debt Payable from Ad Valorem Taxes (as of 12/1/20) (2)

  

Debt Payable from Debt Service Tax Rate

$ 165,470,000

 

2020/21 Net General Purpose Funded Debt Payable from Ad Valorem Taxes

 

$ 165,470,000

Ratio Net General Obligation Tax Debt to Market Valuation

 

0.06%

2021 Estimated Population - 2,745,348

Per Capita Taxable Assessed Valuation - $98,774

Per Capita Net General Obligation Debt Payable from Ad Valorem Taxes - $60

  • As of the certified appraisal report for FYE
  • Includes the Series 2018 and Series 2019 Bonds, which have been defeased as of 2/15/2021.

TABLE 2 - TAXABLE ASSESSED VALUATIONS BY CATEGORY

2021 (1)

Taxable Appraised Value for Fiscal Year Ended August 31,

Category
2021 Amount
% of Total
2020 Amount
% of Total
% of Toal

Real, Residential, Single-Family

$163,860,948,819

46.77%

$163,709,171,220

46.58%

46.75%

Real, Residential, Multi-Family

41,712,132,705

11.91%

38,712,206,190

11.02%

10.90%

Real, Vacant Lots/Tracts

8,217,293,390

2.35%

8,758,925,240

2.49%

2.68%

Real, Acreage (Land Only)

911,844,950

0.26%

961,094,910

0.27%

0.29%

Real, Farm and Ranch Improvements

80,952,480

0.02%

68,107,590

0.02%

0.01%

Real, Commercial

91,851,010,020

26.22%

95,113,714,130

27.06%

26.75%

Real, Industrial

1,340,502,270

0.38%

1,473,556,590

0.42%

0.42%

Oil, Gas and Mineral Reserves

9,230,460

0.00%

19,021,320

0.01%

0.00%

Real and Tangible Personal, Utilities

3,724,825,680

1.06%

3,725,702,610

1.06%

1.04%

Tangible Personal, Commercial

29,855,497,560

8.52%

30,546,784,900

8.69%

8.79%

Tangible Personal, Industrial

7,919,420,070

2.26%

7,488,161,560

2.13%

2.11%

Tangible Personal, Other

2,308,720

0.03%

-

0.00%

0.00%

Tangible Personal, Mobile Homes

109,344,010

0.00%

107,510,520

0.03%

0.03%

Special Inventory

759,739,970

0.22%

753,315,040

0.21%

0.22%

Total Appraised Value Before Exemptions

$350,355,051,104

100.00%

$351,437,271,820

100.00%

100.00%

Less: Total Exemptions/Reductions

79,186,574,766

 

77,175,817,378

  

Total Assessed Value

$271,168,476,338

 

$274,261,454,442

  


Taxable Appraised Value for Fiscal Year Ended August 31,

 

2018

 

2017

 

Category

Amount

%of

Total

Amount

%of

Total

Real, Residential, Single-Family

$131,777,911,840

45.51%

$123,019,439,530

45.38%

Real, Residential, Multi-Family

28,794,937,620

9.95%

25,768,980,320

9.51%

Real, Vacant Lots/Tracts

7,852,291,250

2.71%

7,776,430,330

2.87%

Real, Acreage (Land Only)

860,659,990

0.30%

907,537,450

0.33%

Real, Farm and Ranch Improvements

54,228,110

0.02%

71,863,790

0.03%

Real, Commercial

80,805,967,200

27.91%

74,860,349,270

27.61%

Real, Industrial

1,522,013,120

0.53%

1,473,680,640

0.54%

Oil, Gas and Mineral Reserves

4,957,750

0.00%

6,146,210

0.00%

Real and Tangible Personal, Utilities

3,397,411,250

1.17%

3,350,150,670

1.24%

Tangible Personal, Commercial

27,394,737,060

9.46%

26,848,779,080

9.90%

Tangible Personal, Industrial

6,215,594,360

2.15%

6,177,975,620

2.28%

Tangible Personal, Other

14,166,600

0.00%

17,824,050

0.01%

Tangible Personal, Mobile Homes

101,109,360

0.03%

104,889,590

0.04%

Special Inventory

743,469,580

0.26%

707,250,710

0.26%

Total Appraised Value Before Exemptions

$289,539,455,090

100.00%

$271,091,297,260

100.00%

Less: Total Exemptions

60,790,850,826

 

55,617,261,842

 

Total Assessed Value

$228,748,604,264

 

$215,474,035,418

 

(1) As of the certified appraisal report for FYE 2021.

TABLE 3 - VALUATION AND TAX SUPPORTED DEBT HISTORY



Fiscal Year Ended 8/31

 Estimated Population (1)
 Taxable Assessed Valuation (2)

Taxable Assessed Valuation Per Capita

Funded Debt Outstanding at End of Year

Ratio Funded Debt to Taxable Assessed Valuation


Funded Debt Per Capita

2017

2,606,067

$ 215,474,035,418

$ 82,682

$ 263,140,000

0.12%

$101

2018

2,635,067

228,748,604,264

86,809

224,030,000

0.10%

85

2019

2,639,966

252,850,123,716

95,778

182,800,000

0.07%

69

2020

2,734,111

274,261,454,442

100,311

165,470,000

0.06%

61

2021 2,745,348 271,168,476,338 98,774 144,715,000 (3)(4) 0.05% (3)(4) 53 (3)(4)

  • Source: North Central Texas Council of
  • As reported by the Dallas Central Appraisal District on District’s annual State Property Tax Board Reports, subject to change during the ensuing
  • Includes the Series 2018 and Series 2019 Bonds, which have been defeased as of 2/15/2021.

TABLE 4 - TAX RATE, LEVY AND COLLECTION HISTORY

Fiscal Year Ended 8/31

 Tax Rate

 General Fund

Interest and Sinking Fund

 Tax Levy (1)

 Current Collections

 % Total Collections

2017

$0.12293

$0.10400

$0.0189

$266,592,759

98.97%

101.24%

2018

0.12424

0.10400

0.0202

284,665,380

99.03%

100.38%

2019

0.12400

0.10400

0.0200

312,578,205

98.38%

101.19%

2020

0.12400

0.10400

0.0200

340,084,204

98.96%

101.92%

2021

0.12400

0.10400

0.0200

336,248,911

39.21% (2)

39.21% (2)

 

  • Based on audited figures for all years except 2021, which is calculated from the certified tax
  • Collections as of December 31,

TABLE 5 - TEN LARGEST TAXPAYERS

 
 

2020/21

Taxable

% of Total Taxable

Name of Taxpayer

Nature of Property

Assessed Valuation

Assessed Valuation

Oncor Electric Delivery

Electric Utility/Power Plant

$ 1,745,060,750

0.64%

Boeing Distribution Inc

Aerospace Parts Distribution

1,548,951,030

0.57%

Northpark Land Partners

Shopping Center/Mall

726,500,000

0.27%

Atmos Energy Mid Tex

Oil & Gas

697,383,160

0.26%

Crescent TC Investors LP

Apartments

540,000,000

0.20%

777 HR Associates A LLC

Financial/Banking

375,000,000

0.14%

Shannon Engine Support LTD

Aerospace Engine Manufacturing

372,800,000

0.14%

Southwestern Bell Telephone Co

Telephone Utility

328,145,190

0.12%

Teachers Insurance

Real Estate

326,000,000

0.12%

Texas Instruments Inc.

Technology

300,000,000

0.11%

 
 

$ 6,959,840,130

2.57%

TABLE 6 - TAX ADEQUACY (1)(2) – DEBT PAYABLE FROM DEBT SERVICE TAX RATE

 

Principal and Interest Requirements, 2021

$54,482,047

$0.0203 Tax Rate at 99% Collection Produces

$54,496,729

Average Annual Principal and Interest Requirements, 2021-2030

$21,590,271

$0.0081 Tax Rate at 99% Collection Produces

$21,745,000

Maximum Annual Principal and Interest Requirements, 2021

$54,482,047

$0.0203 Tax Rate at 99% Collection Produces

$54,496,729

(1) Tax rate calculations are based off of FYE 2021 Taxable Assessed Valuation.

(2) Includes the Series 2018 and Series 2019 Bonds, which have been defeased as of 2/15/2021.

 


TABLE 8 - TAX SUPPORTED DEBT SERVICE REQUIREMENTS

Fiscal Year Ended

Outstanding Debt Service (1)(2)

 

Defeasance of Series 2018

Net

Percent of

8/31

Principal Interest

Total

& 2019 Bonds

Total

Principal

2021

$20,755,000

$5,101,726

$25,856,726

$28,625,321

$54,482,047

 

2022

41,930,000

4,361,116

46,291,116

 

46,291,116

 

2023

16,215,000

3,623,815

19,838,815

 

19,838,815

 

2024

15,035,000

3,014,141

18,049,141

 

18,049,141

 

2025

17,465,000

2,374,802

19,839,802

 

19,839,802

67.32%

2026

14,910,000

1,657,100

16,567,100

 

16,567,100

 

2027

15,620,000

1,025,340

16,645,340

 

16,645,340

 

2028

16,405,000

486,960

16,891,960

 

16,891,960

 

2029

5,505,000

136,310

5,641,310

 

5,641,310

 

2030

1,630,000

26,080

1,656,080

 

1,656,080

100.00%

 

$165,470,000

$21,807,390

$187,277,390

$28,625,321

$215,902,711

 
  • Represents debt service payable from the debt service portion of the District’s tax rate. Does not include Lease/purchase obligations.
  • Includes the Series 2018 and Series 2019 Bonds, which have been defeased as of 2/15/2021.

TABLE 9 - INTEREST AND SINKING FUND BUDGET PROJECTION (1)

Tax Obligation Debt Service Requirements, Fiscal Year Ending 2021
$25,856,726
Defeasance of Series 2018 and 2019 Bonds
 28,625,321

Interest and Sinking Fund Balance, August 31, 2020

$3,376,632

 

Budgeted Interest and Sinking Fund Tax Levy

54,482,047

Investment Earnings

65,000

57,923,679

Estimated Balance, Fiscal Year Ending 2021

 

$ 3,441,632

  • Levy includes funding for the Series 2018 and Series 2019 Bonds which have been defeased as of 2/15/2021.

TABLE 10 - AUTHORIZED BUT UNISSUED GENERAL OBLIGATION BONDS

Election

 

Amount

Issued

Remaining

Date

Purpose

Authorized

To Date

Unissued

5/4/2019

College Facility

$1,102,000,000

$0

$1,102,000,000

 

TABLE 11 – OTHER OBLIGATIONS

Included in operating expenses is $4,646,686 and $3,407,335 of rent paid during fiscal year 2020 and 2019 respectively.

Future minimum lease payments under non-cancelable operating leases having an initial term in excess of one year as of August 31, 2020 are as follows:

Fiscal Year Ended
Future Minimum
August 31,
Lease Payments
2021
$ 3,115,544
2022
1,694,155
2023
156,241

$ 4,965,940

There are currently no lease obligations beyond the fiscal year ending August 31, 2023.

(Remainder of Page Intentionally Left Blank)

TABLE 12 – STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION

Fiscal Years Ending August 31,
 

2020 (1)

2019 (1)

2018 (1)

2017 (1)

2016 (1)

Operating Revenues:

     

Tuition and Charges

     

Credit (Net of Discounts)

$59,185,887

$65,117,649

$69,525,183

$67,270,900

$63,284,449

Non-Credit (Net of Discounts)

5,741,438

6,099,165

6,624,855

7,806,921

7,684,225

Other Sources:

     

Federal Grants and Contracts

25,236,498

19,880,365

18,209,482

17,088,766

18,071,493

State Grants and Contracts

6,609,241

7,379,884

12,081,882

9,158,045

10,587,154

Non-governmental Grants and Contracts

7,785,464

5,582,300

1,962,931

3,960,045

2,357,560

Sales and Services of Educational Activities

200,531

536,775

572,175

635,148

591,143

Auxiliary Enterprises -Other Services

1,299,884

1,797,938

2,035,561

2,102,432

2,065,856

Miscellaneous

2,150,101

2,272,523

2,096,579

1,699,354

1,909,901

Total Revenues

$108,209,044

$108,666,599

$113,108,648

$109,721,611

$106,551,781

Operating Expenses

     

Instruction

$216,861,679

$206,217,665

$203,691,621

$194,995,779

$186,113,975

Public Service

14,916,691

10,079,242

11,185,849

11,432,445

14,324,956

Academic Support

27,040,107

25,313,009

23,314,808

23,073,312

22,516,868

Student Services

68,173,770

63,746,939

55,694,043

48,806,852

47,797,753

Institutional Support

116,642,459

111,966,081

99,268,138

87,716,566

82,313,813

Operation and Maintenance of Plant

56,054,494

48,209,381

47,073,154

44,236,545

39,480,074

Scholarships and Fellowships

65,351,704

55,474,178

56,038,132

53,530,988

52,338,154

Auxiliary Enterprises

9,387,726

10,492,543

9,544,000

9,280,727

9,226,433

Depreciation

21,918,683

22,643,523

23,575,310

23,993,210

25,877,552

Total Expenses

$596,347,313

$554,142,561

$529,385,055

$497,066,424

$479,989,578

Operating Loss ($488,138,269) ($445,475,962) ($416,276,407) ($387,344,813) ($373,437,797)

Non-Operating Revenues (Expenses) State Funds

 

Education and General State Support

$94,524,860

$87,752,249

$87,754,224

$85,796,380

$85,655,418

State Group Insurance

8,039,816

12,743,271

18,648,112

16,620,205

15,475,496

State Retirement Matching

14,429,317

10,023,585

5,072,159

9,135,647

8,642,025

Other

6,551,852

6,862,325

7,149,558

7,049,402

6,368,744

Taxes for Current Operations

332,488,321

307,214,922

282,181,833

262,106,888

240,886,672

Federal Revenue Non-operating

84,421,486

73,348,365

74,999,089

70,883,073

73,159,045

Private Gifts

3,800

29,459

106,238

94,853

138,046

Interest Income

7,039,040

12,536,696

5,752,448

3,436,563

3,564,424

Gain on Sale of Investment Contribution in Aid of Construction

-

-

-

-

-

-

-

-

-

-

Interest on Capital Related Debt

(4,051,049)

(6,832,769)

(7,920,169)

(8,385,189)

(11,574,217)

Loss on Disposal of Fixed assets

(26,259)

(217,736)

(184,604)

230,319

(596,503)

Other Non-Operating Revenue

651,896

64,690

560,356

600,414

1,998,324

Other Non-Operating Expense

(94,878)

(390,402)

(941,225)

(7,026,090)

(667,556)

Total Net Non-Operating Revenues

$543,978,202

$503,134,655

$473,178,019

$440,542,465

$423,049,918

Increase (Decrease) in Net Position

$55,839,933

$57,658,693

$56,901,612

$53,197,652

$49,612,121

Net Position at Beginning of Year

$497,932,693

$440,274,000

$621,902,470

$568,704,818

$519,092,697

Effect of Adoption of GASB Statement No. 68

-

-

(238,530,082) (2)

-

-

Net Position at Beginning of Year, as Restated

497,932,693

440,274,000

383,372,388

568,704,818

519,092,697

Net Position at End of Year

$553,772,626

$497,932,693

$440,274,000

$621,902,470

$568,704,818

  • GASB 65 applied for FYE 2016 through
  • During the year, the District implemented Governmental Accounting Standards Board Statement No. 75 – Accounting and Financial Reporting for Post-Employment Benefits Other Than Pensions (“GASB-75”). The primary objective of GASB-75 is to improve the accounting and financial reporting by state and local governments for post-employment benefits other than pensions (other post-employment benefits, or OPEB).

TABLE 13 – STATEMENTS OF NET POSITION

Fiscal Years Ending August 31,
 

2020

2019

2018

2017

2016

Assets:

     

Current Assets

     

Cash and Cash Equivalents

$289,976,098

$255,726,815

$148,733,898

$167,583,002

$86,563,046

Short-term Investments

33,516,574

29,958,907

26,906,477

9,972,723

29,871,872

Accounts Receivable (Net)

16,508,534

18,714,791

20,987,257

8,335,398

23,515,419

Tuition and Fees Receivable (Net)

32,831,339

18,129,629

17,350,186

16,067,419

16,624,034

Taxes Receivable (Net)

2,208,275

1,817,984

1,763,662

1,872,015

1,836,766

Deferred Charges

5,480,032

23,318,011

20,028,372

21,199,364

19,981,923

Notes Receivable

223,340

-

-

-

467

Inventories

2,585,978

230,280

228,882

223,770

236,778

Prepaid Expenses

3,026,351

2,594,620

3,026,351

2,384,284

1,760,392

Total Current Assets

$386,356,521

$350,491,037

$239,025,085

$227,637,975

$180,390,697

Noncurrent and Restricted Assets

     

Restricted Cash and Cash Equivalents

$12,100,765

$12,169,222

$15,903,013

$15,786,848

$15,772,597

Long-Term Investments

79,785,371

135,511,912

211,874,789

194,439,388

216,946,663

Deferred Charges

Deposit with Bond Trustee

-

-

-

-

-

-

-

-

127,936

-

Capital Assets (Net)

     

Not Subject to Depreciation

137,868,010

69,100,847

65,894,714

54,975,555

63,050,646

Subject to Depreciation

542,961,783

560,583,853

565,562,943

576,762,575

574,313,993

Total Noncurrent Assets

$ 772,715,929

$ 777,365,834

$ 859,235,459

$ 841,964,366

$ 870,211,835

Total Assets

$1,159,072,450

$1,127,856,871

$1,098,260,544

$1,069,602,341

$1,050,602,532

Deferred Outflows of Resources Deferred Loss on Bond Refunding

 

$ 4,461,111

 

$ 5,678,779

 

$ 7,320,285

 

$ 9,210,844

 

$ 8,278,465

Deferred Outflows Related to Pensions

63,428,273

74,113,728

37,323,962

19,801,712

24,527,599

Deferred outflows related to other post-employment benefits

83,662,614

78,107,561

5,846,957

-

-

Liabilities:

     

Current Liabilities

     

Accounts Payable

$ 22,884,360

$ 14,272,526

$ 12,910,988

$ 11,557,479

$ 13,422,842

Accrued Liabilities

8,495,843

9,130,340

9,507,627

6,883,719

5,868,371

Accrued Interest

209,946

352,087

462,430

536,530

598,673

Compensable Absences

9,148,843

9,699,555

9,138,228

8,688,468

8,019,355

Funds Held for Others

1,448,191

1,501,955

1,596,826

1,690,114

1,804,102

Deferred Revenues

60,596,838

74,225,898

74,873,847

75,020,709

74,342,273

Net OPEB liability-current portion

8,934,497

3,546,837

1,036,866

-

-

Bonds Payable - Current Portion

19,799,964

48,743,785

43,124,898

40,236,289

32,087,419

Bonds Payable - Current Portion

115,897

105,948

96,853

-

-

Total Current Liabilities

$ 131,634,379

$ 161,578,931

$ 152,748,563

$ 144,613,308

$ 136,143,035

Noncurrent Liabilities

     

Accrued Compensable Absences

$ 8,392,970

$ 5,086,274

$ 4,825,074

$ 4,202,494

$ 4,093,698

Net Pension Liability

115,825,304

117,105,618

64,010,885

54,672,053

66,420,502

Net Other post-employment benefits liability

272,960,735

237,573,512

203,307,847

-

-

Bonds Payable

127,919,568

150,044,763

205,893,643

249,018,541

288,033,747

Capital lease payable

203,295

319,192

425,140

-

-

Total Noncurrent Liabilities

$ 525,301,872

$ 510,129,359

$ 478,462,589

$ 307,893,088

$ 358,547,947

 

Total Liabilities

 

$ 656,936,251

 

$ 671,708,290

 

$ 631,211,152

 

$ 452,506,396

 

$ 494,690,982

 

Deferred Inflows of Resources Deferred Inflows Related to Pensions

 

 

$ 25,930,986

 

 

$ 22,257,684

 

 

$ 32,085,000

 

 

$ 24,206,031

 

 

$ 20,012,796

Deferred inflows related to other post-employment benefits

70,538,237

93,329,032

45,181,596

-

-

Deferred Gain on Bond Refunding

419,997

529,240

-

-

-

Net Position:

     

Invested in Capital Assets, Net of Related Debt

$ 545,135,601

$ 446,459,560

$ 402,522,068

$ 368,475,383

$ 343,314,639

Restricted for:

     

Unexpended Bond Proceeds

-

-

-

-

-

Debt Service

2,618,978

616,810

4,742,179

1,836,882

2,319,427

Unrestricted

6,018,047

50,856,323

33,009,753

251,590,205

223,070,752

Total Net Position

$ 553,772,626

$ 497,932,693

$ 440,274,000

$ 621,902,470

$ 568,704,818

 

 

TABLE 14 - CURRENT INVESTMENTS

As of December 31, 2020, the District’s funds available for investment were held in the following categories:

Type of Security

Portfolio %

Fair Value

Money Market & Investment Pools

53.05%

$​182,462,951

Commercial Paper

14.54%

50,000,000

State and Municipal Securities

14.97%

51,475,000

Agency Securities

17.45%

60,000,000

Portfolio Total

100.00%

$343,937,951