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County Debt Service and Debt Capacity (General Fund Only) - Recommended and Unfunded (As Requested by Schools)
<br />Fiscal Years 2013 -18
<br />103
<br />Current
<br />Fiscal Year Fiscal Year Fiscal Year
<br />Fiscal Year
<br />Fiscal Year
<br />Fiscal Year
<br />Debt Service
<br />2012 -13 2013 -14 2014 -15
<br />2015 -16
<br />2016 -17
<br />2017 -18
<br />Total Annual Debt Service
<br />24,887,879 26,188,606 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% 1.50%
<br />1.50%
<br />1.50%
<br />2.00%
<br />Projected General Fund Budget
<br />182,702,818 185,443,360
<br />188,225,010
<br />191,048,385
<br />194,869,353
<br />Annual Debt Service as a % of General Fund
<br />13.83% 14.33% 13.70%
<br />12.85%
<br />12.12%
<br />11.34%
<br />Debt Service Policy
<br />15.00% 15.00% 15.00%
<br />15.00%
<br />15.00%
<br />15.00%
<br />Future Debt Service Capacity
<br />1.17% 0.67% 1.30%
<br />2.15%
<br />2.88%
<br />3.66%
<br />Projected Debt Financing
<br />2013 -2014 - $6,197,288
<br />County Capital $2,654,000
<br />254,784
<br />254,784
<br />254,784
<br />254,784
<br />CHCCS Maintenance Projects (Unfunded) $2,688,717
<br />258,117
<br />258,117
<br />258,117
<br />258,117
<br />CHCCS New School /Facilities (Unfunded) $600,000
<br />57,600
<br />57,600
<br />57,600
<br />57,600
<br />OCS District -wide Projects (Unfunded) $254,571
<br />24,439
<br />24,439
<br />24,439
<br />24,439
<br />2014 -2015 - $34,777,992
<br />County Capital $5,922,000
<br />568,512
<br />568,512
<br />568,512
<br />CRHS (OCS) Auxilliary Gym $3,328,750
<br />319,560
<br />319,560
<br />319,560
<br />CRHS (OCS) Classroom Wing $12,282,960
<br />1,179,164
<br />1,179,164
<br />1,179,164
<br />CHCCS Middle School #5 $1,168,474
<br />112,174
<br />112,174
<br />112,174
<br />CHCCS Maintenance Projects (Unfunded) $3,389,529
<br />325,395
<br />325,395
<br />325,395
<br />CHCCS New School /Facilities (Unfunded) $4,254,042
<br />408,388
<br />408,388
<br />408,388
<br />OCS Elementary #8 (Unfunded) $1,482,000
<br />142,272
<br />142,272
<br />142,272
<br />OCS District -wide Projects (Unfunded) $2,950,237
<br />283,223
<br />283,223
<br />283,223
<br />2015 -2016 - $51,198,602
<br />County Capital $15,625,069
<br />1,500,007
<br />1,500,007
<br />CHCCS Middle School #5 $6,686,266
<br />641,882
<br />641,882
<br />CHCCS Maintenance Projects (Unfunded) $4,292,719
<br />412,101
<br />412,101
<br />CHCCS New School /Facilities (Unfunded) $4,426,772
<br />424,970
<br />424,970
<br />OCS Elementary #8 (Unfunded) $19,996,200
<br />1,919,635
<br />1,919,635
<br />OCS District -wide Projectst (Unfunded) $171,576
<br />16,471
<br />16,471
<br />103
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