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11 <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 - $43,434,774 <br />County Capital $36,748,508 <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 />737,256 1,627,756 3,845,420 4,777,337 <br />24,887,879 <br />25,609,786 <br />26,149,761 <br />25,814,228 <br />26,997,429 <br />26,868,632 <br />13.83% <br />13.64% <br />13.72% <br />13.35% <br />13.75% <br />13.42% <br />2,112,537 2,550,239 2,432,664 3,196,934 2,448,900 3,166,623 <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 />WIN <br />