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<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 />2018 -19 - $15,873,225
<br />County Capital $1,750,000
<br />Middle School #5 (CHCCS) $7,795,337
<br />Elementary #12 (CHCCS) $6,327,888
<br />New Debt Service
<br />Projected Annual Debt Service
<br />Projected Annual Debt Service
<br />As a Percent of the General Fund Budget
<br />/available Annual Debt Service Capacity
<br />Based on the 15% Debt Service Policy
<br />1,156,937 1,651,168 2,525,254 4,209,478 7,861,404
<br />25 609,786 26,529,306 24,524,210 24,282,985 26,557,987 29,458,627
<br />1364% 1356%
<br />2,550,239 2,816,470
<br />12.35% 1205%
<br />5,261,753 5,949,767
<br />Assumptions
<br />$ 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 />12.92% 1405%
<br />4,279,420 1,995,528
<br />109
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