55GG - RESO - 2ND AMEND OCFA - Laserfiche WebLink

Home Browse Search

955601.1 'AT68AD -73 Orange County Auditor Controller Accumulation of Combined Prior Year Levy and Current Year ATI" as the "Total SFF Revenue Figure." (2) The total Assessed Value, net of successor agency former project area Incremental value, for all SFF jurisdictions shall be determined (the "Total AV Figure "). For the FY 2012/13 this amount was stated as $155,506,390,761 in the Auditor- Controller report titled 'AT04VC -74 Orange County Auditor Controller District Values Used to Set Tax Rates" and was identified as the "Total L &I (Land and Improvements), Total Secured and Unsecured Value for the Orange County Fire Authority Total Jurisdiction." (3) The Total AV Figure shall be multiplied by 1% (the basic levy tax rate) to determine the total value of the 1% basic levy for all SFF Jurisdictions for the fiscal year (the "SFF Basic Levy Figure "). For reference, in FY 2012113, this calculated figure was $1,555,063,907.61. (4) The Total SFF Revenue Figure shall be divided by the SFF Basic Levy Figure for the same fiscal year and expressed as a percentage. The resulting percentage shall be referred to as the "Average SFF Rate" for the fiscal year. For reference, in FY 2012/13 the Average SFF Rate was 11.56 %. The 2012 /13 calculation is as follows: $ 179 ,768,901.521$1,555,063,907.61 = 0.115602 (5) A "Jurisdictional SFF Rate" shall be determined for each SFF Jurisdiction as follows: a. The total property tax revenue allocated from all tax rate areas In the SFF Jurisdiction to the Authority, prior to accounting for delinquencies, and including secured, unsecured, utility (SBE), and homeowner's exemptions, but excluding revenue on successor 4 55GG -10