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CONTINUING DISCLOSURE

ANNUAL REPORT

FISCAL YEAR 2017-2018

$26,180,000

POWAY UNIFIED SCHOOL DISTRICT

PUBLIC FINANCING AUTHORITY

SPECIAL TAX REVENUE REFUNDING BONDS

SERIES 2017A

January 31, 2019

CONTINUING DISCLOSURE

ANNUAL REPORT

FISCAL YEAR 2017-2018

$26,180,000


PUBLIC FINANCING AUTHORITY

SPECIAL TAX REVENUE REFUNDING BONDS

SERIES 2017A

PREPARED FOR:


15250 Avenue of Science

San Diego, CA 92128

PREPARED BY:

DAVID TAUSSIG & ASSOCIATES, INC.

5000 Birch Street, Suite 6000

Newport Beach, CA 92660

January 31, 2019

i

Table of Contents

Section Page

INTRODUCTION ........................................................................................................................................... 1

A. AUDITED FINANCIAL STATEMENTS OF THE AUTHORITY........................................................................... 1

B. AUTHORITY INFORMATION ................................................................................................................ 1

Principal Amount of Outstanding Bonds........................................................................................ 1

Bond Fund Balance ........................................................................................................................ 1

Reserve Fund Balance/Reserve Requirement ............................................................................. 2

C. IMPROVEMENT AREA INFORMATION ................................................................................................... 2

Estimated Assessed Value-To-Lien Ratios By Land Use ............................................................... 2

Special Tax Delinquencies.............................................................................................................. 2

Top Taxpayers (Greater Than 5% Of Total Special Tax Levy) ....................................................... 2

Foreclosure Proceedings ................................................................................................................ 3

Special Tax Delinquencies (Top Taxpayers) .................................................................................. 3

California Debt and Investment Advisory Commission Fiscal Status Reports ............................ 3

Changes to the Rates and Method of Apportionment .................................................................. 4

Additional Bond Information .......................................................................................................... 4

County of San Diego Teeter Plan ................................................................................................... 4

Exhibits

Exhibit A: Estimated Assessed Value-to-Lien Ratios

Exhibit B: Special Tax Delinquencies

Exhibit C: California Debt and Investment Advisory Commission Fiscal Status Reports

Exhibit D: Additional Bond Information

Exhibit E: Fund and Account Balances – Local Obligations

Poway Unified School District Public Financing Authority Page 1

Fiscal Year 2017-2018 Annual Report, Series 2017A January 31, 2019

INTRODUCTION

This Continuing Disclosure Annual Report (“Annual Report”) has been prepared pursuant to Sections

3 and 4 of the Continuing Disclosure Agreement (the "Disclosure Agreement") executed in connection

with the issuance of the $26,180,000 Poway Unified School District Public Financing Authority (the

“Authority”) Special Tax Revenue Refunding Bonds, Series 2017A (the “Bonds"), which are secured by

Authority revenues supported by local obligation debt service payments made by Improvement Area A

of Community Facilities District (“CFD”) No. 6 and Improvement Areas A and B of CFD No. 10 (each an

“Improvement Area” and collectively “Improvement Areas”) of the Poway Unified School District (the

“School District”). Unless otherwise defined above, all capitalized terms used herein shall have the

meanings set forth in the Disclosure Agreement.

The Authority has agreed under Sections 3 and 4 Disclosure Agreement and pursuant to Rule 15c2-

12 of the Securities and Exchange Commission to submit certain annual financial information and

operating data via the Electronic Municipal Market Access (“EMMA”) system of the Municipal

Securities Rulemaking Board (“MSRB”). The information contained in this Annual Report is for the

Fiscal Year ending June 30, 2018 (i.e., Fiscal Year 2017-2018), unless otherwise indicated.

CONTENTS OF ANNUAL REPORT

This Annual Report contains the information requested in Section 4 of the Disclosure Agreement.

A. If audited financial statements of the Authority are prepared, the Authority shall provide such

audited financial statements prepared in accordance with generally accepted accounting

principles as promulgated to apply to government entities from time to time by the

Governmental Accounting Standards Board. If audited financial statements are to be prepared

but are not available at the time required for filing, unaudited financial statements shall be

submitted with the Annual Report and the audited financial statements shall be submitted

once available. For purposes of this section, the financial statements of the School District

shall not be deemed to be the financial statements of the Authority, unless such audited

financial statements contain specific information as to the Authority, its revenues, expenses

and account balances. If audited financial statements of the Authority are not prepared, no

unaudited financial statements need be submitted.

The Authority does not prepare audited financial statements, however, the School District's

audited financial statements for Fiscal Year 2017-2018 will be filed separately via EMMA and

are hereby incorporated by reference. Pursuant to the Disclosure Agreement, the School

District's audited financial statements are not deemed to be the audited financial statements

of the Authority but are incorporated herein for informational purposes only.

B. With respect to the Authority, the Annual Report shall provide the following information:

i) Principal amount of Bonds and any refunding bonds outstanding as of a date within 60

days preceding the date of the Annual Report;

The principal amount of Bonds outstanding as of January 1, 2019 was $23,785,000.

ii) Balance in the Bond Fund as of a date within 60 days preceding the date of the Annual

Report;



Please refer to the table below for the balance in each account established under the

Bond Fund as of January 1, 2019.

Account Name Account Balance

Bond Fund $0

Interest Account $18,228

Principal Account $0

Redemption Account $0

iii) Balance in the Reserve Fund and statement of Reserve Requirement as of a date within

60 days preceding the date of the Annual Report.

The Reserve Requirement as of January 1, 2019 was $2,597,625. The Reserve Fund is

held as a Reserve Policy in an amount equal to the Reserve Requirement.

C. With respect to each Improvement Area, the Annual Report shall provide the following

information with respect to such Improvement Area and its applicable CFD Bonds:

i) A table or tables summarizing assessed value-to-lien ratios for the property in the

applicable Improvement Area, based on the applicable land use categories under the

applicable Rate and Method of Apportionment of Special Taxes. The assessed values in

such table or tables will be determined by reference to the value of the parcels within

such Improvement Area on which the Special Taxes are levied, as shown on the

assessment roll of the San Diego County Assessor last equalized prior to the September

30 next preceding the Annual Report Date. The lien values in such table or tables will

include all CFD Bonds outstanding as of date within 60 days preceding the date of the

Annual Report, any refunding bonds related to the Bonds and overlapping land secured

debt;

Please refer to “Estimated Assessed Value-to-Lien Ratios” in Exhibit A attached.

ii) Information regarding the amount of the annual Special Taxes levied with respect to the

applicable Improvement Area, whether in the case of Developed Property the amounts

are the maximum available levy under the applicable Rate and Method of Apportionment

of Special Tax, the amount collected, delinquent amounts and percent delinquent for the

most recently completed Fiscal Year;

Please refer to “Special Tax Delinquencies” in Exhibit B attached. For Fiscal Year 2017-

2018, the Special Tax was levied at 100% of the Assigned Special Tax rates for Developed

Property.1

iii) A land ownership summary listing property owners, if any, responsible for more than 5%

of the Special Tax levy for the Improvement Area as shown on the assessment roll of the

San Diego County Assessor last equalized prior to the September 30 next preceding the

1 Technically, the Rate and Method of Apportionment of Special Tax states that the Maximum Special Tax for each parcel of

Developed Property shall be the greater of (i) the Assigned Special Tax or (ii) the Backup Special Tax. In this Annual Report,

all discussion of Maximum Special Tax rates for each parcel of Developed Property shall focus on the Assigned Special Tax.



Annual Report Date, a summary of the Special Taxes levied on the property within such

Improvement Area owned by such property owners, and the assessed value of such

property, as shown on such assessment roll;

There are no property owners responsible for more than 5% of the Fiscal Year 2018-2019

Special Tax levy in either Improvement Area.

iv) Concerning parcels within an Improvement Area delinquent in the payment of Special

Taxes to the District as of a date on or about the immediately preceding July 1 (if

applicable), status of foreclosure proceedings, if any, and summary of results of

foreclosure sales, if applicable, e.g.;

a) Number of parcels in the Improvement Area delinquent in payment of Special

Tax,

b) Total of such delinquency and percentage of delinquency in relation to total

Special Tax levy, and

c) Status of the actions taken by the District related to any foreclosure

proceedings upon delinquent properties within such Improvement Area;

Please refer to “Special Tax Delinquencies” in Exhibit B attached.

CFD Nos. 6 and 10, on behalf of the Improvement Areas, do not have any active

foreclosure proceedings and are not currently required to commence foreclosure

proceedings upon delinquent properties based on the current level of delinquencies.

v) Identity of any delinquent taxpayer of the Improvement Area obligated for greater than

5% of the annual Special Tax levy as of the immediately preceding November 1, if

applicable, plus:

a) Assessed value of applicable properties, and

b) Summary of results of foreclosure sales, if available;

There is no delinquent taxpayer obligated for greater than 5% of the Fiscal Year 2017-

2018 Special Tax levy in either Improvement Area.

vi) A copy of any report or reports for or concerning the District with respect to the applicable

Improvement Area as of the immediately preceding October 31 required under State law

(e.g., any report filed with the California Debt and Investment Advisory Commission or with

the State Controller);

Please refer to “California Debt and Investment Advisory Commission Fiscal Status

Reports” in Exhibit C attached. The following reports are included:

a) Marks-Roos Yearly Fiscal Status Reports

1. Authority Issue: Series 2017A

2. Local Obligors: Series 2017, Improvement Area A of CFD No. 6

3. Local Obligors: Series 2017, Improvement Area A of CFD No. 10

4. Local Obligors: Series 2017, Improvement Area B of CFD No. 10

b) Mello-Roos Yearly Fiscal Status Reports

1. Series 2017, Improvement Area A of CFD No. 6

2. Series 2017, Improvement Area A of CFD No. 10

3. Series 2017, Improvement Area B of CFD No. 10



vii) Any changes to the Rate and Method of Apportionment of Special Tax with respect to the

applicable Improvement Area approved or submitted to the qualified electors of the

applicable Improvement Area for approval prior to the filing of the Annual Report;

There have been no changes made to the Rate and Method of Apportionment of Special

Tax approved or submitted to the qualified electors of any of the Improvement Areas for

approval.

viii) With respect to each applicable Improvement Area, the following information:

a) The amount of bonds issued with respect to the applicable Improvement Area,

b) The date of issuance of such bonds of such applicable Improvement Area, and

c) Balance as of a date within 60 days preceding the date of the Annual Report,

of any other fund not referenced above;

For items a) and b), please refer to “Additional Bond Information” in Exhibit D attached.

For item c), please refer to “Fund and Account Balances – Local Obligations” in Exhibit E

attached.

ix) At the time of issuance, the Special Taxes of the applicable Improvement Area are not

included in the County’s Teeter Plan – provide a statement as to whether or not the

Special Taxes of the applicable Improvement Area continue to be excluded from the

County’s Teeter Plan.

There has been no change in the application of the County’s Teeter Plan to the Special

Taxes. The Special Taxes continue to be excluded from the County’s Teeter Plan.

EXHIBIT A

Estimated Assessed Value-to-Lien Ratios

David Taussig and Associates, Inc. 1/29/2019

POWAY UNIFIED SCHOOL DISTRICTPUBLIC FINANCING AUTHORITY

SPECIAL TAX REVENUE REFUNDING BONDS, SERIES 2017AESTIMATED ASSESSED VALUE-TO-LIEN RATIOS

IMPROVEMENT AREA A OF CFD NO. 6Poway USD Poway USD OlivenhainCFD No. 6, CFD No. 6, Poway USD Municipal WD PACE Total Estimated

IA A IA A CFD No. 6 AD No. 96-1 Programs Direct and AssessedNumber of FY 2018-2019 Bonds Bonds Bonds Bonds Overlapping Assessed Value-to-Lien

Tax Class / (Land Use) [1] Units/Acres Levy Outstanding [2] Outstanding [2] Outstanding [2] Outstanding [3] Debt [4] Value [5] Ratio [6]Tax Class 2 (Detached 2,101 - 2,400) 26 $36,226 $295,454 $709,938 $12,354 $0 $1,017,746 $19,426,098 19.09Tax Class 4 (Detached 2,701 - 3,000) 41 $79,702 $650,039 $1,124,078 $19,482 $0 $1,793,598 $30,999,296 17.28Tax Class 5 (Detached 3,001 - 3,300) 95 $213,729 $1,743,155 $2,601,796 $45,141 $0 $4,390,092 $78,916,237 17.98Tax Class 6 (Detached 3,301 - 3,600) 66 $188,864 $1,540,360 $1,807,839 $31,361 $27,034 $3,406,594 $58,354,600 17.13Tax Class 7 (Detached 3,601 - 3,900) 129 $416,500 $3,396,934 $3,557,391 $63,032 $44,213 $7,061,571 $129,085,421 18.28Tax Class 8 (Detached > 3,900) 198 $687,729 $5,609,058 $5,593,934 $104,231 $60,754 $11,367,976 $239,412,316 21.06Total 555 $1,622,750 $13,235,000 $15,394,977 $275,600 $132,000 $29,037,577 $556,193,968 19.15

[1] Classification pursuant to the Rate and Method of Apportionment of Special Tax.[2] As of September 2, 2018. Allocated based on Fiscal Year 2018-2019 levy.

[4] For purposes of this analysis, includes land secured bond indebtedness for property subject to the Special Tax only.[5] Fiscal Year 2018-2019 assessed value information as of January 1, 2018 provided by the San Diego County Assessor. Assessed value is calculated as the sum of land value and improvement value.[6] Calculated by dividing the Assessed Value column by the Total Direct and Overlapping Debt column.

[3] A total of five property owners are participating in the CA HERO PACE program as of June 30, 2018. Additionally, one property owner (total levy equal to $5,917) is participating in the CHFA CFD No. 2014-1 PACEprogram. For purposes of this analysis, excludes bond indebtedness for the CHFA CFD No. 2014-1 lien due to lack of availability of bond information. DTA is not aware of any property owners within Improvement Area Aof CFD No. 6 that are participating in any other active PACE programs.




IMPROVEMENT AREA A OF CFD NO. 10Poway USD Poway USD

CFD No. 10, CFD No. 10, Poway USD PACE Total EstimatedIA A IA A CFD No. 10 Programs Direct and Assessed

Number of FY 2018-2019 Bonds Bonds Bonds Overlapping Assessed Value-to-LienTax Class / (Land Use) [1] Units/Acres Levy Outstanding [2] Outstanding [2] Outstanding [3] Debt [4] Value [5] Ratio [6]

Tax Class 1 (< 3,000) 26 $75,048 $463,775 $596,194 $4,967 $1,064,937 $24,237,781 22.76Tax Class 3 (> 3,300) 40 $140,756 $869,833 $1,003,427 $0 $1,873,260 $39,625,148 21.15

66 $215,804 $1,333,608 $1,599,622 $4,967 $2,938,197 $63,862,929 21.74

Tax Class 4 (< 2,400) 24 $46,505 $287,390 $623,828 $0 $911,217 $17,059,847 18.72Tax Class 5 (2,401 - 2,600) 18 $40,571 $250,719 $489,015 $0 $739,734 $12,259,105 16.57Tax Class 6 (2,601 - 2,800) 49 $120,774 $746,351 $1,221,420 $0 $1,967,771 $36,771,809 18.69Tax Class 7 (2,801 - 3,100) 57 $158,518 $979,598 $1,546,871 $0 $2,526,468 $44,132,059 17.47Tax Class 8 (3,101 - 3,400) 3 $8,976 $55,466 $27,074 $0 $82,541 $2,316,543 28.07Tax Class 9 (> 3,400) 107 $365,245 $2,257,109 $2,742,334 $4,284 $5,003,727 $92,600,911 18.51

258 $740,589 $4,576,632 $6,650,542 $4,284 $11,231,458 $205,140,274 18.26

Tax Class 10 (< 1,700) 15 $12,465 $77,030 $408,072 $0 $485,102 $9,978,304 20.57Tax Class 11 (1,701 - 1,850) 15 $14,046 $86,800 $408,072 $0 $494,872 $10,120,053 20.45Tax Class 13 (> 2,000) 35 $43,842 $270,929 $952,214 $0 $1,223,143 $25,814,295 21.10

65 $70,353 $434,760 $1,768,357 $0 $2,203,117 $45,912,652 20.84Total 389 $1,026,746 $6,345,000 $10,018,521 $9,252 $16,372,772 $314,915,855 19.23

[1] Classification pursuant to the Rate and Method of Apportionment of Special Tax.[2] As of September 2, 2018. Allocated based on Fiscal Year 2018-2019 levy.

[4] For purposes of this analysis, includes land secured bond indebtedness for property subject to the Special Tax only.

[6] Calculated by dividing the Assessed Value column by the Total Direct and Overlapping Debt column.

[5] Fiscal Year 2018-2019 assessed value information as of January 1, 2018 provided by the San Diego County Assessor. Assessed value is calculated as the sum of land value and improvementvalue.

[3] A total of two property owners are participating in the CA HERO PACE program as of June 30, 2018. Additionally, a total of two property owners (total levy equal to $27,791) are participating inthe CMFA E3 PACE program. For purposes of this analysis, excludes bond indebtedness for the CMFA E3 liens due to lack of availability of bond information. DTA is not aware of any property ownerswithin Improvement Area A of CFD No. 10 that are participating in any other active PACE programs.

Zone 1

Zone 1 SubtotalZone 2


Zone 3 Subtotal




IMPROVEMENT AREA B OF CFD NO. 10Poway USD Poway USD

CFD No. 10, CFD No. 10, Poway USD Total EstimatedIA B IA B CFD No. 10 Direct and Assessed

Number of FY 2018-2019 Bonds Bonds Overlapping Assessed Value-to-LienTax Class / (Land Use) [1] Units/Acres Levy Outstanding [2] Outstanding [2] Debt [3,4] Value [5] Ratio [6]

Tax Class 1 (< 3,600) 1 $3,456 $23,220 $27,074 $50,294 $950,637 18.90Tax Class 2 (3,601 - 3,900) 3 $11,031 $74,121 $81,223 $155,344 $2,839,075 18.28Tax Class 3 (> 3,900) 63 $236,971 $1,592,221 $1,707,220 $3,299,441 $58,443,538 17.71

67 $251,458 $1,689,561 $1,815,517 $3,505,079 $62,233,250 17.76

Tax Class 4 (< 2,600) 1 $1,917 $12,879 $27,214 $40,093 $747,338 18.64Tax Class 5 (2,601 - 3,000) 3 $6,731 $45,223 $81,503 $126,726 $2,554,238 20.16Tax Class 6 (> 3,000) 67 $163,028 $1,095,398 $1,817,055 $2,912,453 $56,444,243 19.38

71 $171,676 $1,153,500 $1,925,771 $3,079,271 $59,745,819 19.40

Tax Class 8 (2,451 - 2,650) 29 $58,031 $389,916 $786,413 $1,176,329 $21,777,577 18.51Tax Class 9 (> 2,650) 67 $144,666 $972,023 $1,790,120 $2,762,143 $52,986,431 19.18

96 $202,698 $1,361,939 $2,576,534 $3,938,472 $74,764,008 18.98Total 234 $625,831 $4,205,000 $6,317,822 $10,522,822 $196,743,077 18.70

[1] Classification pursuant to the Rate and Method of Apportionment of Special Tax.[2] As of September 2, 2018. Allocated based on Fiscal Year 2018-2019 levy.[3] For purposes of this analysis, includes land secured bond indebtedness for property subject to the Special Tax only.[4] DTA is not aware of any property owners within Improvement Area B of CFD No. 10 that are participating in any active PACE programs.

[6] Calculated by dividing the Assessed Value column by the Total Direct and Overlapping Debt column.

[5] Fiscal Year 2018-2019 assessed value information as of January 1, 2018 provided by the San Diego County Assessor. Assessed value is calculated as the sum of land valueand improvement value.

Zone 1



Zone 3 Subtotal

EXHIBIT B

Special Tax Delinquencies



SPECIAL TAX REVENUE REFUNDING BONDS, SERIES 2017ASPECIAL TAX DELINQUENCIES

IMPROVEMENT AREA A OF CFD NO. 6Number ofDelinquent Fiscal Year Fiscal Year Fiscal Year

Total Tax Parcels at Amount Amount DelinquencyFiscal Year Levy FY End [1] Collected [1] Delinquent [1] Rate [1]2017-2018 $1,596,906 0 $1,596,906 $0 0.00%

[1] Pursuant to Section 4(c)(iv) of the Disclosure Agreement, the table above should reflectdelinquencies as of July 1, 2018. The closest data available, as shown above, is as of July 6, 2018provided by the County of San Diego.




IMPROVEMENT AREA A OF CFD NO. 10Number ofDelinquent Fiscal Year Fiscal Year Fiscal Year

Total Tax Parcels at Amount Amount DelinquencyFiscal Year Levy FY End [1] Collected [1] Delinquent [1] Rate [1]2017-2018 $1,006,616 1 $1,005,698 $918 0.09%





IMPROVEMENT AREA B OF CFD NO. 10Number ofDelinquent Fiscal Year Fiscal Year Fiscal Year

Total Tax Parcels at Amount Amount DelinquencyFiscal Year Levy FY End [1] Collected [1] Delinquent [1] Rate [1]2017-2018 $613,562 0 $613,562 $0 0.00%


EXHIBIT C

California Debt and Investment Advisory Commission Fiscal Status Reports

STATE OF CALIFORNIA

MELLO-ROOS COMMUNITY FACILITIES DISTRICT (CFD)

YEARLY FISCAL STATUS REPORT

California Debt and Investment Advisory Commission

915 Capitol Mall, Room 400, Sacramento, CA 95814

P.O. Box 942809, Sacramento, CA 94209-0001

(916) 653-3269 Fax (916) 654-7440

For Office Use Only

Fiscal Year

Submitted:

5:21:01PM

Saturday, October 27, 2018

CDIAC #: 2016-3897

I. GENERAL INFORMATION

A. Issuer

B. Project Name

C. Name/ Title/ Series of Bond Issue

D. Date of Bond Issue

E. Original Principal Amount of Bonds

F. Reserve Fund Minimum Balance Required

II. FUND BALANCE FISCAL STATUS

Balances Reported as of:

A. Principal Amount of Bonds Outstanding

B. Bond Reserve Fund

C. Capitalized Interest Fund

D. Construction Fund(s)

III. ASSESSED VALUE OF ALL PARCELS IN CFD SUBJECT TO SPECIAL TAX

A. Assessed or Appraised Value Reported as of:

B. Total Assessed Value of All Parcels

IV. TAX COLLECTION INFORMATION

A. Total Amount of Special Taxes Due Annually

B. Total Amount of Unpaid Special Taxes Annually

C. Does this agency participiate in the County's Teeter Plan?

V. DELINQUENT REPORTING INFORMATION

Delinquent Parcel Information Reported as of Equalized Tax Roll of:

A. Total Number of Delinquent Parcels:

B. Total Amount of Taxes Due on Delinquent Parcels:

VI. FORECLOSURE INFORMATION FOR FISCAL YEAR

(Aggregate totals, if foreclosure commenced on same date)

Date Foreclosure CommencedTotal Number of Foreclosure

Parcels

Total Amount of Tax Due on

Foreclosure Parcels

(Use only in first year or before annual tax roll billing commences)

(Do not include penalties, penalty interest, etc.)

(Attach additional sheets if necessary.)

Poway Unified School District CFD No 6

2017 Spec Tax Ref Bonds

1/10/2017

$14,470,000.00

$0.00

6/30/2018

$13,740,000.00

$0.00

$0.00

$0.00

1/1/2018

$556,193,968.00

$1,596,905.70

$0.00

N

10/18/2018

0

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

From Equalized Tax Roll

From Appriasal of Property

X

IA A 4S Ranch

AmountYes No X

STATE OF CALIFORNIA






(916) 653-3269 Fax (916) 654-7440

For Office Use Only

Fiscal Year

Submitted:

5:21:01PM


CDIAC #: 2016-3897

IX. ADDITIONAL COMMENTS:

Phone Number

E-Mail

City/ State/ Zip

Address

Firm/ Agency

Title

Name

VIII. NAME OF PARTY COMPLETING THIS FORM

If Other:

and redemption date:

If Redeemed Entirely, state refunding bond title & CDIAC #:

Redeemed EntirelyMatured

If Matured, indicate final maturity date:

This issue is retired and no longer subject to the Yearly Fiscal Status report filing requirements.

VII. ISSUE RETIRED

Date of Report

Nehal Thumar

Vice President

David Taussig & Associates, Inc.



(949) 955-1500 10/27/2018

[email protected]

Other

(Indicate reason for retirement)

and date:

Completion and submittal of this form to the California Debt and Investment Advisory Commission will assure your compliance with

California State law. Section 53359.5 of the California Government Code requires that all agencies issuing Mello-Roos Community Facilities

bonds after January 1, 1993 to report specific information to the Commission by October 30th of each year.

STATE OF CALIFORNIA






(916) 653-3269 Fax (916) 654-7440

For Office Use Only

Fiscal Year

Submitted:

5:38:11PM


CDIAC #: 2016-3898


A. Issuer

B. Project Name

























Parcels


Foreclosure Parcels






1/10/2017

$7,030,000.00

$0.00

6/30/2018

$6,650,000.00

$0.00

$0.00

$0.00

1/1/2018

$314,915,855.00

$1,006,615.94

$918.04

N

10/18/2018

1

$918.04

$0.00

$0.00

$0.00

$0.00

$0.00



X

IA A Torrey Highlands - Subarea IV

AmountYes No X

STATE OF CALIFORNIA






(916) 653-3269 Fax (916) 654-7440

For Office Use Only

Fiscal Year

Submitted:

5:38:11PM


CDIAC #: 2016-3898


Phone Number

E-Mail

City/ State/ Zip

Address

Firm/ Agency

Title

Name


If Other:






VII. ISSUE RETIRED

Date of Report

Nehal Thumar

Vice President




(949) 955-1500 10/27/2018

[email protected]

Other


and date:




STATE OF CALIFORNIA






(916) 653-3269 Fax (916) 654-7440

For Office Use Only

Fiscal Year

Submitted:

5:43:39PM


CDIAC #: 2016-3899


A. Issuer

B. Project Name

























Parcels


Foreclosure Parcels






1/10/2017

$4,680,000.00

$0.00

6/30/2018

$4,395,000.00

$0.00

$0.00

$0.00

1/1/2018

$196,743,077.00

$615,678.38

$0.00

N

10/18/2018

0

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00



X

IA B Torrey Highlands - Subarea IV

AmountYes No X

STATE OF CALIFORNIA






(916) 653-3269 Fax (916) 654-7440

For Office Use Only

Fiscal Year

Submitted:

5:43:39PM


CDIAC #: 2016-3899


Phone Number

E-Mail

City/ State/ Zip

Address

Firm/ Agency

Title

Name


If Other:






VII. ISSUE RETIRED

Date of Report

Nehal Thumar

Vice President




(949) 955-1500 10/27/2018

[email protected]

Other


and date:




EXHIBIT D

Additional Bond Information



SPECIAL TAX REVENUE REFUNDING BONDS, SERIES 2017AADDITIONAL BOND INFORMATION

Bond Issuance Issuance Date

Special Tax Refunding Bonds, Series 2017 2/2/2017



AmountIssued

Total Amount

$14,470,000

$4,680,000$26,180,000

$7,030,000Improvement Area A of CFD No. 10

$13,235,000

Improvement Area B of CFD No. 10

Amount

$6,345,000

$4,205,000

Outstanding [1]

Improvement Area A of CFD No. 6

[1] As of September 2, 2018.

$23,785,000

EXHIBIT E

Fund and Account Balances – Local Obligations



SPECIAL TAX REVENUE REFUNDING BONDS, SERIES 2017AFUND AND ACCOUNT BALANCES - LOCAL OBLIGATIONS

Fund or Account

Special Tax FundInterest AccountPrincipal AccountAdministrative Expense FundRedemption FundPurchase Transfer Fund



$13,853$1,368

$0

$33,484

Improvement Area B of CFD No. 10$374,132

$0$0

Balanceas of 1/1/2019

$0$0



$0$0

$913,524

$0

$654,651$0$0

$6,193

$10,799

TAUSSIG - pusddata.com 2017A (CFD 6 IA A, CFD 1… · TAUSSIG Public Finance Public Private...

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