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32 <br /> County Debt Service and Debt Capacity(General Fund Only)-(Culbreth Science Wing Addition included) SCENARIO#1 Attachment D1 <br /> Fiscal Years 2013-18 <br /> 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 - 312,384 1,682,644 5,053,389 8,878,168 <br /> Projected Annual Debt Service 24,887,879 26,188,606 25,724,889 25,869,116 28,205,398 30,969,463 <br /> Projected Annual Debt Service <br /> As a Percent of the General Fund Budget 13.83% 14.33% 13.87% 13.74% 14.76% 15.89% <br /> Available Annual Debt Service Capacity <br /> Based on the 15%Debt Service Policy 2,112,537 1,216,817 2,091,615 2,364,636 451,860 (1,739,060) <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 />