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County Debt Service and Debt Capacity (General Fund Only) - Revised for 5/29114 meeting, including 5/8/14 meeting actions
<br />Fiscal Years 2014 -19
<br />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 />Total Annual Debt Service
<br />25,609,786
<br />25,372,369
<br />22,873,042
<br />21,757,731
<br />22,348,509
<br />21,597,223
<br />General Fund Budget
<br />Annual Growth Projections
<br />150%
<br />150%
<br />150%
<br />150%
<br />200%
<br />200%
<br />Projected General Fund Budget
<br />187,733,499
<br />195,638,505
<br />198,573,083
<br />201,551,679
<br />205,582,712
<br />209,694,367
<br />Annual Debt Service as a % of General Fund
<br />1364%
<br />12.97%
<br />1152%
<br />1080%
<br />1087%
<br />10.30%
<br />Debt Service Policy
<br />1500%
<br />1500%
<br />1500%
<br />1500%
<br />1500%
<br />1500%
<br />Future Debt Service Capacity
<br />136%
<br />203%
<br />3.48%
<br />420%
<br />4.13%
<br />470%
<br />Projected Debt Financing
<br />2013 -2014 - $12,051,426
<br />County Capital $3,751,000
<br />360,096
<br />360,096
<br />360,096
<br />360,096
<br />360,096
<br />Culbreth MS Science Addition (CHCCS) $4,971,676
<br />477,281
<br />477,281
<br />477,281
<br />477,281
<br />477,281
<br />CRHS (OCS) Auxilliary Gym $3,328,750
<br />319,560
<br />319,560
<br />319,560
<br />319,560
<br />319,560
<br />2014 -2015 - $5,148,236
<br />County Capital $5,148,236
<br />494,231
<br />494,231
<br />494,231
<br />494,231
<br />2015 -2016 - $9,105,069
<br />County Capital $9,105,069
<br />874,087
<br />874,087
<br />874,087
<br />2016 -2017 - $17,544,000
<br />County Capital $17,544,000
<br />1,684,224
<br />1,684,224
<br />2017 -2018 - $38,040,892
<br />County Capital $36,678,600
<br />3,521,146
<br />Middle School #5 (CHCCS) $1,362,292
<br />130,780
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