2024-05-15T14:14:50-05:00 2023-06-30 580692043 MAULDIN & JENKINS LLC PO BOX 1877 MACON GA 312021877 990 2022-07-01 141984337 SCAGO EFC FOR COLLETON SCHOOL DISTRICT C/O RAMONA BARRETT ACCOUNTANT CPO SCAG 8037999800 213 NORTH JEFFERIES BOULEVARD WALTERBORO SC 29488 JOHN K GARDNER PRESIDENT 8037999800 2024-05-10 1 JOHN GARDNER 999009999 0 HOPE PENDERGRASS P02364595 4784648000 2024-05-02 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN K GARDNER 213 NORTH JEFFERIES BOULEVARD WALTERBORO SC 29488 6715732 0 X WWW.COLLETON.K12.SC.US X 2006 SC THE CORPORATION WAS FORMED FOR EDUCATIONAL AND CHARITABLE PURPOSES, SPECIFICALLY TO ACQUIRE OR LEASE REAL AND/OR PERSONAL PROPERTY AND DEVELOP, FINANCE, REFINANCE, CONSTRUCT, ACQUIRE, INSTALL AND OPERATE CERTAIN EDUCATIONAL FACILITIES TO BE USED BY THE SCHOOL DISTRICT OF COLLETON COUNTY, SOUTH CAROLINA. 5 5 0 0 0 0 0 0 1743665 1742290 5 7 0 0 1743670 1742297 0 0 0 0 0 0 0 0 0 2668844 2495321 2668844 2495321 -925174 -753024 49638217 44655193 53010000 48780000 -3371783 -4124807 X THE CORPORATION WAS FORMED FOR EDUCATIONAL AND CHARITABLE PURPOSES, SPECIFICALLY TO ACQUIRE OR LEASE REAL AND/OR PERSONAL PROPERTY AND DEVELOP, FINANCE, REFINANCE, CONSTRUCT, ACQUIRE, INSTALL AND OPERATE CERTAIN EDUCATIONAL FACILITIES TO BE USED BY THE SCHOOL DISTRICT OF COLLETON COUNTY, SOUTH CAROLINA. 0 0 2495321 1742290 THE SCAGO EDUCATIONAL FACILITIES CORPORATION FOR COLLETON SCHOOL DISTRICT (THE "EFC") ISSUED INSTALLMENT REVENUE BONDS ON DECEMBER 28, 2006 TO FINANCE THE COST OF ACQUIRING, CONSTRUCTING, AND RENOVATING EDUCATIONAL FACILITIES TO BE SOLD BY THE EFC TO THE COLLETON SCHOOL DISTRICT. THE 2006 BONDS HAVE BEEN REFUNDED BY THE 2015 BONDS. ON AN ANNUAL BASIS, THE COLLETON SCHOOL DISTRICT WILL ISSUE GENERAL OBLIGATION DEBT AND THE COUNTY WILL LEVY TAXES IN AMOUNTS SUFFICIENT TO PAY THE INSTALLMENTS DUE OF THE EFC INSTALLMENT REVENUE BONDS. 2495321 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 X RAMONA BARRETT 8437824510 213 JEFFRIES BOULEVARD WALTERBORO SC 29488 RAMONA BARRETT SECRETARY/TREASURER 0.50 X X 0 110398 43435 VALLERIE CAVE DIRECTOR 0.50 X 0 180505 58478 JOHN K GARDNER PRESIDENT 0.50 X X 0 0 0 J BROCK HERON VICE PRESIDENT 0.50 X X 0 0 0 DONNIE W WILSON DIRECTOR 0.50 X 0 0 0 0 290903 101913 0 0 1 0 0 LEASING INCOME 900099 6715725 6715725 LESS AMT APPLIED TO SALE OF ASSET 900099 -4973435 -4973435 1742290 7 7 4973435 4973435 0 1742297 1742290 0 7 9429 9429 2317725 2317725 168050 168050 OTHER FEES 117 117 2495321 2495321 0 0 38057 28468 49600160 44626725 49638217 44655193 53010000 48780000 53010000 48780000 X -3371783 -4124807 -3371783 -4124807 49638217 44655193 -753024 0 X 0 1 X 0 0 X X X 1 COLLETON COUNTY SCHOOL DISTRICT 576000338 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART IV, SECTION D, LINE 3 THE SCHOOL DISTRICT OF COLLETON COUNTY, SOUTH CAROLINA ("THE SCHOOL DISTRICT") IS DEVELOPING THE CORPORATION'S FACILITIES AND UTILIZES THE CORPORATION'S FACILITIES. THE SCHOOL DISTRICT AUTHORIZED THE ISSUANCE OF THE BONDS BY THE CORPORATION. THE SCHOOL DISTRICT HAS SIGNATORY AUTHORITY OVER THE CORPORATION'S BANK ACCOUNTS. THE CORPORATION'S OPERATIONS ARE INCORPORATED INTO THE SCHOOL DISTRICT'S FINANCIAL STATEMENTS AND THE CORPORATION IS AUDITED BY THE SCHOOL DISTRICT'S AUDITOR. THE SCHOOL DISTRICT SUPERINTENDENT AND DIRECTOR OF FINANCE ARE MEMBERS OF THE CORPORATION'S BOARD OF DIRECTORS. THUS, THE SCHOOL DISTRICT HAS A SIGNIFICANT VOICE IN ALL OF THE CORPORATION'S ACTIVITIES. PART IV, SECTION E, LINE 1C: THE CORPORATION'S PRIMARY ACTIVITY IS THE FINANCING OF THE ACQUISITION OF REAL AND PERSONAL PROPERTY FOR THE SCHOOL DISTRICT THROUGH THE ISSUANCE OF BONDS. THE CORPORATION CONDUCTED ITS ACTIVITIES THROUGH THE ISSUANCE OF THE BONDS AS AN ON BEHALF OF ISSUER OF THE SCHOOL DISTRICT. THE CORPORATION'S ISSUANCE OF THESE BONDS LESSENED A BURDEN ON THE SCHOOL DISTRICT IN THAT THE SCHOOL DISTRICT APPROVED THE ISSUANCE OF THE BONDS ON THE SCHOOL DISTRICT'S BEHALF AND SELECTED SCHOOL DISTRICT PROJECTS TO BE FINANCED WITH THE PROCEEDS OF THE BONDS. ALSO, THE CORPORATION'S ACTIVITIES LESSENED A BURDEN ON THE SCHOOL DISTRICT IN DEFRAYING A GOVERNMENTAL EXPENSE. 0 PUBLIC FACILITIES CONSTRUCTED FOR SALE/TRANSFER 75670417 LESS: FACILITIES SOLD/TRANSFERRED TO COLLETON COUNTY, SOUTH CAROLINA TO DATE -31043692 44626725 X PART X, LINE 2: THE ORGANIZATION'S FINANCIAL STATEMENTS ARE PREPARED UNDER GOVERNMENTAL STANDARDS. AS A RESULT, FIN 48 IS NOT APPLICABLE 0 0 0 0 0 0 0 0 0 VALLERIE CAVE DIRECTOR 0 180505 0 0 0 0 0 53381 0 5097 0 238983 0 0 RAMONA BARRETT SECRETARY/TREASURER 0 110398 0 0 0 0 0 33421 0 10014 0 153833 0 0 PART I, LINE 3 THE DIRECTOR OF COLLETON COUNTY SCHOOL DISTRICT IS CONSIDERED TO BE THE DE FACTO DIRECTOR OF THE ORGANIZATION. THE BOARD OF TRUSTEES OF COLLETON COUNTY SCHOOL DISTRICT ESTABLISHES THE DIRECTOR'S COMPENSATION. A SCAGO EFC FOR COLLETON SCHOOL DISTRICT 141984337 80585PBS7 2015-06-01 84831960 REFUND 2006 BONDS 0 1 0 A 28205000 85566172 841897 75146 0 1 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 PART II, LINE 3: DIFFERENCE REFLECTS INVESTMENT EARNINGS FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE MEMBER, THE SOUTH CAROLINA ASSOCIATION OF GOVERNMENTAL ORGANIZATIONS, A SC NONPROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A UPON THE UNANIMOUS APPROVAL OF THE EXISTING MEMBER (S) OF THE CORPORATION, ADDITIONAL MEMBERS MAY BE DESIGNATED BY THE EXISTING MEMBERS FROM TIME TO TIME, PROVIDED NOT SUCH DESIGNATION SHALL BE MADE TO (I) WHICH MAY JEOPARDIZE THE STATUS OF THE COPORATION AS AN ORGANIZATION UNDER 501(C)(3), OR (II) WHICH MAY JEOPARDIZE THE STATUS OF CONTRIBUTIONS OR DUES OR PAYMENTS BY ANY PERSON INSOFAR AS CONCERNS DEDUCTIONS ALLOWED UNDER THE INTERNAL REVENUE CODE. THE EFC HAS FIVE BOARD MEMBERS; THREE ARE APPOINTED BY THE BOARD OF DIRECTORS OF THE SC ASSOCIATION OF GOVERNMENTAL ORGANIZATIONS AND TWO CONSIST OF THE SUPERINTENDENT AND THE DIRECTOR OF FINANCE (OR THEIR EQUIVALENTS) OF THE SCHOOL DISTRICT. THE BOARD OF DIRECTORS OF THE EFC MAY INCREASE FROM A MINIMUM OF FIVE TO A MAXIMUM OF 10: HOWEVER, IN ALL EVENTS, LESS THAN 50% OF THE MEMBERS OF THE BOARD OF DIRECTORS SHALL BE REPRESENTATIVES OF OR CONTROLLED BY THE SCHOOL DISTRICT. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE COLLETON COUNTY SCHOOL DISTRICT'S CFO AND THE BOARD OF DIRECTORS REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION COMPLIES WITH THE PROVISIONS OF SC CODE SECTION 33-31-831, RELATING TO DIRECTOR CONFLICTS OF INTEREST. THE ORGANIZATION RELIES ON THE PROVISIONS IN THIS CODE RATHER THAN ADOPTING A SPECIFIC CONFLICT OF INTEREST POLICY FOR THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FORM 990 AND ANY OTHER FINANCIAL DOCUMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. COLLETON COUNTY SCHOOL DISTRICT 213 JEFFRIES BOULEVARD WALTERBORO SC 29488 576000338 EDUCATION SC 115(I) 0 SC ASSOCIATION OF GOVERNMENTAL ORGANIZATIONS PO BOX 7391 COLUMBIA SC 29202 043679311 ASSISTING SCHOOL DISTRICTS SC 501(C)(3) LINE 10 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 COLLETON COUNTY SOUTH CAROLINA G 4973435 PER FACILITIES AGREEMENT COLLETON COUNTY SOUTH CAROLINA K 1742290 PER FACILITIES AGREEMENT