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Undesignated Fund Balance As A Percentage of General Fund Expenditures <br /> Dollar Amount of General Fund Undesignated Fund Balance <br /> Shown in Millions of Dollars(graphs) <br /> DEBT POSITION <br /> •OUTSTANDING GENERAL FUND DEBT AT 6/30/08 $218.0 MILLION <br /> •NET DECREASE IN DEBT OF $15.3 MILLION <br /> •(NO NEW DEBT $15.3 RETIRED) <br /> •DEBT EVIDENCED BY <br /> BONDS $130.3 MILLION <br /> ALTERNATIVE $ 87.7 MILLION <br /> DEBT POLICY PARAMETERS <br /> •Debt Will Not Exceed 3% of Assessed Value <br /> • Actual Debt = 1.73% <br /> •Debt Service Payments Will Not Exceed 15% of General Fund Expenditures and Transfers <br /> ➢ Actual Pymts = 14.2% <br /> COUNTY CAPITAL PROJECT FUND <br /> County Capital project expenditures (millions) <br /> -Community College $3.2 <br /> -Justice Facility 7.9 <br /> -Central Senior Center 3.0 <br /> -Conservation Easements 2.3 <br /> -Homestead Aquatics 3.7 <br /> -Lands Legacy 1.7 <br /> -Southern Park 2.7 <br /> -West 10 Soccer 1.5 <br /> - Other Projects 6.8 <br /> Total $ 32.8 <br /> FUND BALANCE 6-30-08 $ 18.0 MILLION <br /> SCHOOL CAPITAL PROJECT FUND <br /> Chapel Hill Carrboro Schools <br /> -Morris Grove Elementary $ 18.2 <br /> -Carrboro 3.6 <br /> -Other 2.9 <br /> Total $ 24.8 <br />