Revised: 2020-21 J-29 P-3 (Annual) Property Tax Report

Please note that in a prior email, descriptions on the changes of the property tax reporting for the P-Annual period were from a prior year. Below are the notes on the changes for the 2020-21 P-Annual reporting period.
Attached is a copy of the 2020-21 J-29 P-3 (Annual) Property Tax Report.
Important notes about this Property Tax Report
The items below represent significant changes from the prior reporting period P-2 to P-3 (Annual).
* Column A-1 & A-2: Secured and unsecured roll corrections were higher than anticipated resulting in lower actuals. * ERAF was lower due to supplemental collections cash flow timing and interest earnings decrease. (ERAF is projected to get a supplemental apportionment of 595,000 for May/June Collections 2021. Projected to be posted in August of 2021. This will be included in the 2021-22 ERAF apportionment.) * Estimated supplemental was overestimated due to November supplemental bills being paid in May and June of 2021. Collections for May and June to be apportioned in August of 2021. Amounts will be included in J-29 for ERAF FY 2021-22. * Prior Year refund actuals were lower than estimated, which helped to offset the higher estimate for Current Year Secured and Current Year Unsecured.
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 2020-21 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
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