California Property Tax Apportionment System
Exhibit F‐2 40 pages SQUAW VALLEY PUBLIC SERVICE DISTRICT California Property Tax Apportionment System DATE: August 28, 2018 TO: District Board of Directors FROM: Mike Geary, General Manager SUBJECT: Information Only ‐ California Property Tax Apportionment System BACKGROUND: The District Board was requested by a member of the Board of Directors of the Squaw Valley Mutual Water Company (MWC) to consider allocating a portion of the District’s property tax revenue used to fund expenses related to the District’s water system to customers of the MWC. The basis for the request is that the District receives property tax revenue from all property owners in Olympic Valley which are used to benefit the District’s water customers by offsetting their user fees while customers of the MWC do not receive any benefit. As the MWC is not a governmental agency (e.g., a taxing entity) and is a private corporation, it does not receive property tax revenue. The District uses property tax revenues to fund its water, sewer collection, fire protection and emergency medical services (EMS). The following table shows how the District allocated its property tax revenues between those services over the last ten fiscal years. It does not include water and sewer rate revenues: Fiscal Year Tax Revenue Fire Water Sewer 2018‐2019$ 3,530,497 $ 3,412,997 $ ‐117,500 $ 2017‐2018$ 3,448,583 $ 3,379,611 $ 68,972 $ ‐ 2016‐2017$ 3,342,349 $ 3,157,996 $ ‐184,353 $ 2015‐2016$ 3,298,009 $ 2,773,179 $ ‐524,830 $ 2014‐2015$ 3,015,928 $ 2,688,493 $ 153,615 $ 173,820 2013‐2014$ 2,903,880 $ 2,627,109 $ 256,153 $ 20,618 2012‐2013$ 2,882,549 $ 2,598,525 $ 216,016 $ 68,008 2011‐2012$ 2,799,511 $ 2,427,616 $ 312,970 $ 58,925 2010‐2011$ 2,874,088 $ 2,448,166 $ 322,320 $ 103,602 2009‐2010$ 3,225,523 $ 2,512,555 $ 408,878 $ 304,090 305 Squaw Valley Road P.
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