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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 - $45,534,774 <br />County Capital $38,848,508 <br />Middle School #5 (CHCCS) $6,686,266 <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 />434,976 1,693,036 4,237,100 5,293,817 <br />24,887,879 26,188,606 25,847,481 25,879,508 27,389,109 27,385,112 <br />13.83% <br />2,112,537 <br />14.33% 13.94% <br />1,216,817 1,969,023 <br />* Includes $2,400, 000 in new financing for Lands Legacy, which should be subject to a voter referendum. <br />Assumptions: <br />$ 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 />13.75% 14.34% <br />2,354,244 1,268,149 <br />14.05% <br />1,845,291 <br />Revised CIP pages 101 -102 <br />10 <br />