2024-04-24T05:08:02-04:00 2023-06-30 990 2022-07-01 330927692 SAN DIEGO COUNTY TOBACCO SECURITIZATION CORPORATION % Michele Light SAND 6196852392 1600 PACIFIC HWY RM 076 SAN DIEGO CA 921012429 Ebony Shelton CFO 2024-04-24 2022 2023-04-26 12:10:37Z Michele Light 1600 Pacific Highway Room 352 SAN DIEGO CA 92101 33435055 false X X 2000 CA The Corporation was formed for the benefit of the County of San Diego by supporting the securitization of tobacco settlement payments due to the County under the Master Settlement Agreement. 3 0 0 0 0 0 0 0 35469750 32179810 59547 1255245 0 0 35529297 33435055 0 0 0 0 0 0 0 0 0 38236541 34816471 38236541 34816471 -2707244 -1381416 17583160 16074173 103478880 103351309 -85895720 -87277136 The Corporation was formed for the benefit of the County of San Diego to help manage the risks related to future receipt of tobacco settlement payments and facilitate the efficient use of these tobacco settlement payments. false false 29359882 0 33435055 Principal: $12,803,610 Interest: $16,329,750 Professional Services: $226,522 23,500 + 91,016 + 4,767 + 107,239 5456589 0 0 Debt related reimbursement: $5,456,589 0 0 0 0 0 0 34816471 true false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false 0 false false false false false false false false false false X 3 0 false false false false false false false true false false false false false false false false false false X Michele Light 6195316403 1600 Pacific Highway Room 352 San Diego CA 92101 Daniel V McAllister Chair 0.00 0 X 0 0 0 Michel Anderson Secretary 0.00 0 X 0 0 0 Ebony Shelton Director and CFO 0.00 0 X 0 0 0 0 0 0 0 false false false 0 0 0 0 0 0 0 0 Tob Sett Rev 32179810 32179810 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32179810 1255245 1255245 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33435055 33435055 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 23500 23500 0 0 0 0 0 0 0 0 0 0 0 0 91016 91016 0 0 0 0 0 0 4767 4767 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16329750 16329750 0 0 0 0 0 0 0 0 0 0 107239 107239 0 0 Reimbursement to Authority 5456589 5456589 0 0 Principal on Authority Note 12803610 12803610 0 0 0 0 0 0 0 0 0 0 0 0 0 0 34816471 34816471 0 0 0 0 0 0 0 0 0 0 0 0 17583160 16074173 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 17583160 16074173 85921353 87422303 0 0 17557527 15929006 0 0 0 0 0 0 0 0 0 0 0 0 103478880 103351309 X 0 0 0 0 -85895720 -87277136 -85895720 -87277136 17583160 16074173 -1381416 0 0 0 0 0 X X false true X false false X X 1 County of San Diego 966000934 6 true 0 0 1 0 0 true false false false false false false false false false false false false false false false true true true 0 0 0 0 59547 0 59547 0 0 0 0 0 0 0 59547 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 59547 50615 0 50615 0 50615 0 0 226522 0 0 0 226522 0 50615 0 50615 0 0 0 0 0 0 0 0 0 0 0 226522 0 226522 0 0 0 0 0 0 0 0 0 Part IV, Section D, line 3 Although the Corporation is legally a separate entity the County appoints and can change a majority of the Board of Directors. Additionally the Corporation almost exclusively benefits the County even though it does not provide services directly to it. 33435055 0 0 0 0 0 33435055 0 0 0 33435055 34816471 0 0 0 0 0 34816471 0 0 0 34816471 Part VI, Line 8a The Corporation has no committees. Part VI, Line 11a The Corporation does not have a formal process to review form 990. Part VI, Line 11b The Corporation does not have a formal process to review form 990. Part VI, Line 19 The governing documents and financial statements of the Corporation are available upon request. The Corporation does not have a conflict of interest policy. Part XII, Line 1 Modified accrual basis of accounting. "The modified accrual basis of accounting is a basis of accounting used in conjunction with the current financial resources measurement focus that modifies the accrual basis of accounting in two key ways: 1 revenues are not recognized until they are measurable and available 2 expenditures are recognized in the period in which governments in general normally liquidate the related liability rather than when the liability is first incurred if earlier. The Government Accounting Standards Board which is recognized as the official source of generally accepted accounting principles for state and local governments establishes modified accrual accounting standards." - Governmental Accounting Auditing and Financial Reporting c 2020 aka the Blue Book Appendix F Glossary page 34 Part I Line 1 | Explanation:| THE CORPORATION WAS FORMED FOR THE BENEFIT OF THE COUNTY OF SAN DIEGO BY SUPPORTING THE SECURITIZATION OF TOBACCO SETTLEMENT PAYMENTS DUE TO THE COUNTY UNDER THE MASTER SETTLEMENT AGREEMENT. Part III Line 1 | Explanation:| THE CORPORATION WAS FORMED FOR THE BENEFIT OF THE COUNTY OF SAN DIEGO TO HELP MANAGE THE RISKS RELATED TO FUTURE RECEIPT OF TOBACCO SETTLEMENT PAYMENTS AND FACILITATE THE EFFICIENT USE OF THESE TOBACCO SETTLEMENT PAYMENTS. County of San Diego 1600 Pacific Highway San Diego CA 92101 956000934 Local Government CA N/A N/A false false false false false false false false false false false false false false false false false false false false