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High School. 1.5% annual growth in PAYG funds and constant Lottery Proceeds are assumed <br />throughout the 5 -year CIP period. <br />Note: Within the School Capital Projects section, there are three summaries provided that <br />reflect: (1) the Recommended projects, (2) the Requested, but Unfunded projects, and (3) the <br />total amount of the Recommended and Unfunded projects. <br />Appendices — Highlights <br />County Debt Service and Debt Capacity — Based on the Manager's recommended funding, the <br />County's annual debt service as a percent of the General Fund budget would remain under <br />15% until FY 2017 -18, when it would reach 15.65 %. <br />Note: An additional summary is provided in the Appendices section, which reflects the debt <br />service percent if all the Recommended and the Requested, but Unfunded projects were <br />included during the FY 2013 -18 CIP period. This would increase the percentage to 16.75% in <br />FY 2016 -17, and to 18.04% in FY 2017 -18. <br />Water and Sewer Projects Debt Service (to be paid with Article 46 Sales Tax proceeds) — based <br />on the current allocation for debt service for Economic Development initiatives, the accumulated <br />amount of revenue earmarked for debt service is adequate to cover debt service payments <br />through the 5 -year CIP period. <br />Active County Capital Projects — also included in the Appendices section is a list of all currently <br />active County Capital projects reflecting available balances as of February 28, 2013. <br />FINANCIAL IMPACT: There is no immediate financial impact associated with the presentation <br />of the FY 2013 -18 Capital Investment Plan. It is a long -range financial planning tool with a <br />financial impact in FY 2013 -14, if the first year of the CIP is approved by the Board of County <br />Commissioners with the adoption of the Annual Budget. <br />RECOMMENDATION(S): The Manager recommends the Board receive the presentation of the <br />Manager's Recommended FY 2013 -18 Capital Investment Plan and provide direction to staff in <br />preparation of the April 11, 2013 Budget work session. <br />