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<br /> Orange County Debt Capacity '
<br /> For the Fiscal Years
<br /> FY2012 -2013 FY2013-2014 FY2014-2015 FY2015-2016 FY2016-2017
<br /> Current and Previously Projected Budget $ 180,002,776 $ 181,802,804 $ 183,620,832 $ 186,375,144 $ 189,170,771
<br /> Emergency Services Workgroup Operating - 147,050 939,600 683,676 1,290,200
<br /> OPEB Additional Funding 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
<br /> Total Estimated Future Budgets $ 183,002,776 $ 184,949,854 $ 187,560,432 $ 190,058,820 $ 193,460,971
<br /> Calculatetd Annual Debt Service($) Capacity
<br /> of the General Fund $ 27,450,416 $ 27,742,478 $ 28,134,065 $ 28,508,823 $ 29,019,146
<br /> Actual Future Debt Service $ 24,887,879 $ 26,107,262 $ 25,584,537 $ 26,653,704 $ 28,402,304
<br /> Annual Debt Service Debt Service as % of General Fund 13.60% 14.12% 13.64% 14.02% 14.68%
<br /> Available Annual Debt Service Capacity $ 2,562,537 $ 1,635,216 $ 2,549,528 $ 1,855,119 $ 616,842
<br /> Assupmtions:
<br /> $960,000 of annual debt service =$10,000,000 of debt issued at current interest rates for 15 years.
<br /> $800,000 of annual debt service= $10,000,000 of debt issued at current interest rates for 20 years. 0
<br /> Annual Debt service will be incurred the following year after debt issuance
<br /> Assume annual growth of 1%(FY2013 and FY2014), 1.5%(FY2015-2017) t I
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