Orange County NC Website
County Debt Service and Debt Capacity (General Fund Only) - (Recommended) <br />Fiscal Years 2013 -18 <br />101 <br />Current <br />Fiscal Year <br />Fiscal Year <br />Fiscal Year <br />Fiscal Year <br />Fiscal Year <br />Fiscal Year <br />Debt Service <br />2012 -13 <br />2013 -14 <br />2014 -15 <br />2015 -16 <br />2016 -17 <br />2017 -18 <br />Total Annual Debt Service <br />24,887,879 <br />26,188,606 <br />25,412,505 <br />24,186,472 <br />23,152,009 <br />22,091,295 <br />General Fund Budget <br />180,002,776 <br />Annual Growth Projections <br />1.50% <br />1.50% <br />1.50% <br />1.50% <br />2.00% <br />Projected General Fund Budget <br />182,702,818 <br />185,443,360 <br />188,225,010 <br />191,048,385 <br />194,869,353 <br />Annual Debt Service as a % of General Fund <br />13.83% <br />14.33% <br />13.70% <br />12.85% <br />12.12% <br />11.34% <br />Debt Service Policy <br />15.00% <br />15.00% <br />15.00% <br />15.00% <br />15.00% <br />15.00% <br />Future Debt Service Capacity <br />1.17% <br />0.67% <br />1.30% <br />2.15% <br />2.88% <br />3.66% <br />Projected Debt Financing <br />2013 -2014 - $2,654,000 <br />County Capital $2,654,000 <br />254,784 <br />254,784 <br />254,784 <br />254,784 <br />2014 -2015 - $10,419,224 <br />County Capital $5,922,000 <br />568,512 <br />568,512 <br />568,512 <br />CRHS (OCS) Auxilliary Grym $3,328,750 <br />319,560 <br />319,560 <br />319,560 <br />Middle School #5 (CHCCS) $1,168,474 <br />112,200 <br />112,200 <br />112,200 <br />2015 -2016 - $34,594,295 <br />County Capital $15,625,069 <br />1,500,007 <br />1,500,007 <br />CRHS (OCS) Classroom Wing $12,282,960 <br />1,179,164 <br />1,179,164 <br />Middle School #5 (CHCCS) $6,686,266 <br />641,882 <br />641,882 <br />2016 -2017 - $39,841,452 <br />County Capital $12,814,000 <br />1,230,144 <br />Middle School #5 (CHCCS) $27,027,452 <br />2,594,635 <br />101 <br />