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Current
<br />Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year
<br />Debt Service 2013 -14 2014 -15 2015 -16 2016 -17 2017 -18 2018 -19
<br />2018 -19 - $15,873,225
<br />County Capital $1,750,000
<br />Middle School #5 (CHCCS) $7,795,337
<br />Elementary #12 (CHCCS) $6,327,888
<br />New Debt Service
<br />Projected Annual Debt Service
<br />Projected Annual Debt Service
<br />As a Percent of the General Fund Budget
<br />Available Annual Debt Service Capacity
<br />Based on the 15% Debt Service Policy
<br />- 1,156, 937 1,499,849 2,373,936 4,058,160 7,851,100
<br />25,609,786
<br />25,287,655
<br />24,372,891
<br />24,131,667
<br />26,406,669
<br />29,448,323
<br />13.64%
<br />13.27%
<br />12.60%
<br />12.29%
<br />13.19%
<br />14.42%
<br />2,550,239 3,294,770 4,638,271 5,314,663 3,628,587 1,187,637
<br />Assumptions:
<br />$ 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 />109
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