Exhibit B | LAFCO 3280 | Property Tax Revenue Transfer Methodology
EXHIBIT B
PROPERTY TAX REVENUE TRANSFER METHODOLOGY
LAFCO 3280 - Barstow International Gateway Project
1. Purpose
This Exhibit establishes the property tax revenue components, transfer percentage, Successor Tax Rate Area (TRA) mapping, and methodology the Auditor/Controller/Treasurer/Tax Collector (ATC) will use to calculate, track, and administer the Revenue Sharing Transfer under the Agreement.
2. Scope and Legacy TRAs
LAFCO 3280 includes six (6) existing TRAs: 056-003, 056-062, 056-070, 056-097, 056-104, and 056-108. Of these, only Legacy TRAs 056-062 and 056-104 currently include an SBCFPD property tax allocation. Those Legacy TRAs identify the pre-reorganization property tax share subject to the Revenue Sharing Transfer. The other four TRAs do not include an existing SBCFPD fire-service property tax allocation and are not subject to the pass-through.
After completion of LAFCO 3280, the State Board of Equalization (BOE) will establish new City of Barstow TRA number(s). The Legacy TRA numbers will be used to establish the pre-reorganization SBCFPD share, while ongoing administration will be based on the corresponding Successor TRA(s).
3. Revenue Transfer Schedule
Complete the percentage, successor TRA mapping, and reference revenue fields before implementation.
Legacy TRA SBCFPD Legacy
Allocation % Successor TRA(s)
BFPD Tracking
Account (to be created
by ATC)
056-062 3.126209% To be assigned by BOE VF001-GA002
056-104 3.125646% To be assigned by BOE VF001-GA002
SBCFPD Legacy Allocation Percentage. The property tax allocation percentage attributable to SBCFPD within each Legacy TRA immediately prior to completion of LAFCO 3280. The percentage shown above establishes the Revenue Sharing Transfer percentage for the corresponding Successor TRA(s), subject to the Agreement.
Reference revenue. Any annual revenue amount shown in this Exhibit is informational only and does not establish a fixed annual transfer amount.
4. Property Tax Revenue Components
The following table defines which Property Tax Revenue components are included from the Revenue Sharing Transfer.
Property Tax Revenue Component
Current-year 1% GTL
Prior-year 1% GTL and related adjustments
Supplemental Revenue (Current/Prior)
Direct Charges associated with FP-5 are excluded in this transfer and will cease upon completion of the detachment of FP-5 from the area.
Penalties and Interest associated with the applicable 1% GTL property tax revenue are also included in the Revenue Sharing Transfer and will be transferred to SBCFPD in accordance with the methodology established in this Exhibit.
Exhibit B | LAFCO 3280 | Property Tax Revenue Transfer Methodology
5. ATC Administration Methodology
A. LAFCO completion. LAFCO completes the reorganization, including the detachment from SBCFPD and annexation to BFPD.
B. BOE successor TRA identification. Following issuance of the BOE Tax Rate Area Change Notice, ATC will identify the Successor TRA(s) corresponding to the affected portions of Legacy TRAs 056- 062 and 056-104.
C. Transfer percentage established. ATC will use the SBCFPD Legacy Allocation Percentage listed in the Revenue Transfer Schedule for each Legacy TRA as the transfer percentage applicable to the corresponding Successor TRA(s), as provided in the Agreement.
D. Sub-account setup. ATC will separately assign the applicable Successor TRA(s) to BFPD subaccount VF001-GA002 for administration of the Revenue Sharing Transfer. Other BFPD TRAs will remain under the applicable BFPD account structure.
E. Revenue calculation and pass-through. For each Property Tax Revenue component identified in Section 4 of this Exhibit B, ATC will apply the applicable transfer percentage to the revenue allocated to the corresponding Successor TRA(s). The resulting amount will be transferred from BFPD to SBCFPD through the automated revenue transfer.
F. Ongoing tracking. ATC will administer the Revenue Sharing Transfer using the Successor TRA(s), the applicable transfer percentage, and the included revenue components identified in this Exhibit B.
Actual transfer amounts will vary with the revenue generated and distributed for those Successor TRA(s).
6. Changes Affecting Future Administration
If a future jurisdictional change affects the Successor TRA(s), transfer percentage, or Property Tax Revenue components, the parties shall provide ATC with revised written direction consistent with the Agreement before ATC changes the automated transfer setup. Until then, ATC will continue to administer the Revenue Sharing Transfer using the then-current Successor TRA mapping, transfer percentage, and revenue components reflected in this Exhibit.
Exhibit B | LAFCO 3280 | Property Tax Revenue Transfer Methodology
7. How the Revenue Moves
Operational summary: Legacy TRAs establish the original SBCFPD share; Successor TRA(s) provide the ongoing tracking basis; included revenue components are transferred using the applicable Revenue Sharing Transfer percentage.