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County Debt Service and Debt Capacity
<br />Fiscal Years 2010-16
<br />Current
<br />Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year
<br />Debt Service 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
<br />Total Annual Debt Service 28,632,445 26,060,464 23,668,072 23,119,283 22,139,814 21,103,221
<br />General Fund Budget 175,313,920
<br />Annual Growth Projections
<br />Projected General Fund Budget
<br />Annual Debt Service as a % of General Fund 16.33%
<br />Debt Service Policy 15.00%
<br />Future Debt Service Capacity -1.33%
<br />14.72% 13.23% 12.74% 12.02% 11.23%
<br />15.00% 15.00% 15.00% 15.00% 15.00%
<br />0.28% 1.77% 2.26% 2.98% 3.77%
<br />Projected Debt Financing
<br />County Renovations & Equipment
<br />-2010-2011 -$2,000,000 453,260 442,608 431,956 421,304 410,652
<br />Qualified School Construction Bonds
<br />...2010-2011 - $10;000,000 675,000 675,000 675,000 675,000 675,000
<br />Schools Facilities
<br />2011 - 2012 - $30,000,000 2,730,000 2,730,000 2,730,000 2,730,000
<br />New Debt Service 1,128,260 3,847,608 3,836,956 3,826,304 3,815,652
<br />Projected Annual Debt Service 28,632,445 27,188,724 27,515,680 26,956,239 25,966,118 24,918,873
<br />Projected Annual Debt Service
<br />As A Percent of fhe General Fund Budget 16.33%
<br />Available Annual Debt Service Capacity
<br />-Based on the 15°!° Debt Service Policy (2,335;357)
<br />15.36% 15.39% 14.85% 14.09% 13.26%
<br />(628.,665) (690;021) 27:1,.805 1,670,347 3,270,321.
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<br />" $1,000;000 of annual debt service = $11,000,000 of debt issued at current interest. rates for 15 yearn
<br />1.00% 1.00% 1.50% 1.50% 2.00%
<br />177,067,059 178,837,730 181,520,296 184,243,100 187,927,962
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