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Current <br />Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year <br />Debt Service 2012 -13 2013 -14 2014 -15 2015 -16 2016 -17 2017 -18 <br />2017 -2018 - $43,816,996 <br />County Capital $38,848,508 <br />Middle School #5 (CHCCS) $4,968,488 <br />New Debt Service <br />Projected Annual Debt Service <br />Projected Annual Debt Service <br />As a Percent of the General Fund Budget <br />Available Annual Debt Service Capacity <br />Based on the 15% Debt Service Policy <br />- 254,784 <br />1,255,056 <br />4,576,108 <br />8,400,887 <br />24,887,879 26,188,606 25,667,289 <br />25,441,528 <br />27,728,117 <br />30,492,182 <br />13.83% <br />2,112,537 <br />14.33% 13.84% 13.52% 14.51% 15.65% <br />1,216,817 2,149,215 2,792,224 <br />Assumptions: <br />$ 960,000 of annual debt service = $ 10,000,000 of debt issued at current interest rates for 15 years <br />$ 800,000 of annual utility debt service = $10,000,000 of debt issued at current interest rates of 20 years <br />929,141 (1,261,779) <br />102 <br />