Dear School Business Professionals
The 2021-22 J-29 P-Annual Property Tax Summary is now posted on our website on the Year-End Close<www.sbceo.org/domain/293> page.
Important notes about this Property Tax Report
The items below represent significant changes from the prior reporting period P-2 to P-Annual.
* Column A-8: Actual Supplemental collections increased by $2,210,716 from P-2 to P-Annual, due to backlog processing. * Column A-9: ERAF increased by $937,717 from P-2 to P-Annual, due to Supplemental collections. * Santa Barbara RDA: The residual distribution projection at the P-2 reporting period was overstated by the SB2557 Admin Fee amount from the RDA. The Santa Barbara RDA dissolved with an effective date of February 3, 2022. There will be a final distribution of remaining assets in Fiscal Year 2022-23. * Out-of-County Taxes are only reported at P-Annual and are shown on this report for you to update your budget.
Note: Prior Year collections should be taken into consideration when developing your budget since some are one-time sources and should not be carried forward as ongoing revenues in future years.
If you have any questions regarding the 2021-22 P-Annual Property Tax Report, please contact Todd Humphreys at (805) 964-4711 x5372 or thumphreys@sbceo.org<mailto:thumphreys@sbceo.org>.
Regards,
School Business Advisory Services Team Santa Barbara County Education Office
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox.
Visit our new website: www.sbceo.org/sbas<www.sbceo.org/sbas>
To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>
The 2021-22 J-29 P-Annual Property Tax Summary is now posted on our website on the Year-End Close<www.sbceo.org/domain/293> page.
Important notes about this Property Tax Report
The items below represent significant changes from the prior reporting period P-2 to P-Annual.
* Column A-8: Actual Supplemental collections increased by $2,210,716 from P-2 to P-Annual, due to backlog processing. * Column A-9: ERAF increased by $937,717 from P-2 to P-Annual, due to Supplemental collections. * Santa Barbara RDA: The residual distribution projection at the P-2 reporting period was overstated by the SB2557 Admin Fee amount from the RDA. The Santa Barbara RDA dissolved with an effective date of February 3, 2022. There will be a final distribution of remaining assets in Fiscal Year 2022-23. * Out-of-County Taxes are only reported at P-Annual and are shown on this report for you to update your budget.
Note: Prior Year collections should be taken into consideration when developing your budget since some are one-time sources and should not be carried forward as ongoing revenues in future years.
If you have any questions regarding the 2021-22 P-Annual Property Tax Report, please contact Todd Humphreys at (805) 964-4711 x5372 or thumphreys@sbceo.org<mailto:thumphreys@sbceo.org>.
Regards,
School Business Advisory Services Team Santa Barbara County Education Office
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox.
Visit our new website: www.sbceo.org/sbas<www.sbceo.org/sbas>
To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>