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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 />2016 -2017 - $43,849,539
<br />County Capital $12,814,000
<br />CHCCS Middle School #5 $27,027,452
<br />CHCCS Maintenance Projects (Unfunded) $3,683,087
<br />CHCCS New School /Facilities (Unfunded) $325,000
<br />2017 -2018 - $50,645,751
<br />County Capital $38,848,508
<br />CHCCS Middle School #5 $4,968,488
<br />CHCCS Maintenance Projects (unfunded) $4,288,503
<br />OCS District -wide Projects (Unfunded) $2,540,252
<br />New Debt Service
<br />Projected Annual Debt Service 24,887,879 26,188,606 26,007,445 28,120,099 32,000,702 35,149,543
<br />Projected Annual Debt Service
<br />As a Percent of the General Fund Budget 13.83% 14.33% 14.02% 14.94% 16.75% 18.04%
<br />Available Annual Debt Service Capacity
<br />Based on the 15% Debt Service Policy 2,112,537 1,216,817 1,809,059 113,653 (3,343,444) (5,919,140)
<br />Assumptions:
<br />$ 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 />1,230,144
<br />2,594,635
<br />353,576
<br />31,200
<br />- 594,940 3,933,627 8,848,693 13,058,248
<br />104
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