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Orange County, NC
<br />Debt Capacity for a Potential Bond Referendum
<br />Attachment A
<br />3
<br />Assumptions
<br />#1 $40,000,000 in Fiscal year 2015 -2016
<br />#2 $35,000,000 in Fiscal year 2017 -2018
<br />#3 $35,000,000 in fiscal year 2019 -2020
<br />A
<br />B
<br />B -A
<br />Total Debt
<br />Projected
<br />Debt
<br />Debt
<br />Existing
<br />FY 2013 -19
<br />New County Jail
<br />Total
<br />Debt Service
<br />Service
<br />General Fund
<br />Policy
<br />Service
<br />Additional
<br />FY
<br />Debt Service
<br />CIP Debt Service
<br />Debt Service
<br />Debt Service
<br />Bond Issuance
<br />With GO Bond
<br />Revenues
<br />Debt Service
<br />Available
<br />Capacity
<br />2
<br />2015
<br />25,372,369
<br />1,156,937
<br />26,529,306
<br />26,529,306
<br />199,570,350
<br />29,935,553
<br />3,406,247
<br />22,708,313
<br />3
<br />2016
<br />22,873,042
<br />1,651,168
<br />24,524,210
<br />-
<br />24,524,210
<br />201,566,054
<br />30,234,908
<br />5,710,698
<br />38,071,320
<br />4
<br />2017
<br />21,757,731
<br />2,525,254
<br />24,282,985
<br />2,548,949
<br />26,831,934
<br />203,581,715
<br />30,537,257
<br />3,705,323
<br />24,702,151
<br />5
<br />2018
<br />22,348,509
<br />1,075,453
<br />-
<br />23,423,962
<br />2,548,949
<br />25,972,911
<br />205,617,532
<br />30,842,630
<br />4,869,719
<br />32,464,793
<br />6
<br />2019
<br />21,597,233
<br />552,282
<br />2,000,000
<br />24,149,515
<br />4,779,280
<br />28,928,795
<br />207,673,707
<br />31,151,056
<br />2,222,261
<br />14,815,076
<br />7
<br />2020
<br />20,946,777
<br />548,675
<br />2,000,000
<br />23,495,452
<br />4,779,280
<br />28,274,732
<br />209,750,444
<br />31,462,567
<br />3,187,835
<br />21,252,231
<br />8
<br />2021
<br />20,341,251
<br />543,941
<br />2,000,000
<br />22,885,192
<br />7,009,611
<br />29,894,803
<br />211,847,948
<br />31,777,192
<br />1,882,389
<br />12,549,260
<br />9
<br />2022
<br />19,601,039
<br />539,101
<br />2,000,000
<br />22,140,140
<br />7,009,611
<br />29,149,750
<br />213,966,427
<br />32,094,964
<br />2,945,214
<br />19,634,757
<br />10
<br />2023
<br />15,081,427
<br />534,153
<br />2,000,000
<br />17,615,580
<br />7,009,611
<br />24,625,191
<br />216,106,091
<br />32,415,914
<br />7,790,723
<br />51,938,151
<br />11
<br />2024
<br />10,569,721
<br />530,100
<br />2,000,000
<br />13,099,821
<br />7,009,611
<br />20,109,432
<br />218,267,152
<br />32,740,073
<br />12,630,641
<br />84,204,275
<br />12
<br />2025
<br />7,090,542
<br />525,918
<br />2,000,000
<br />9,616,460
<br />7,009,611
<br />16,626,071
<br />220,449,824
<br />33,067,474
<br />16,441,403
<br />109,609,351
<br />13
<br />2026
<br />4,753,048
<br />520,609
<br />2,000,000
<br />7,273,657
<br />7,009,611
<br />14,283,268
<br />222,654,322
<br />33,398,148
<br />19,114,880
<br />127,432,533
<br />14
<br />2027
<br />6,386,169
<br />516,194
<br />2,000,000
<br />8,902,363
<br />7,009,611
<br />15,911,973
<br />224,880,865
<br />33,732,130
<br />17,820,157
<br />118,801,044
<br />15
<br />2028
<br />1,568,129
<br />510,650
<br />2,000,000
<br />4,078,779
<br />7,009,611
<br />11,088,390
<br />227,129,674
<br />34,069,451
<br />22,981,061
<br />153,207,074
<br />16
<br />2029
<br />1,308,491
<br />-
<br />2,000,000
<br />3,308,491
<br />7,009,611
<br />10,318,102
<br />229,400,971
<br />34,410,146
<br />24,092,044
<br />160,613,627
<br />17
<br />2030
<br />1,257,283
<br />2,000,000
<br />3,257,283
<br />7,009,611
<br />10,266,894
<br />231,694,981
<br />34,754,247
<br />24,487,353
<br />163,249,021
<br />18
<br />2031
<br />1,206,075
<br />2,000,000
<br />3,206,075
<br />7,009,611
<br />10,215,686
<br />234,011,931
<br />35,101,790
<br />24,886,104
<br />165,907,361
<br />19
<br />2032
<br />1,154,868
<br />2,000,000
<br />3,154,868
<br />7,009,611
<br />10,164,479
<br />236,352,050
<br />35,452,808
<br />25,288,329
<br />168,588,861
<br />20
<br />2033
<br />814,253
<br />2,000,000
<br />2,814,253
<br />7,009,611
<br />9,823,864
<br />238,715,571
<br />35,807,336
<br />25,983,472
<br />173,223,147
<br />21
<br />2034
<br />-
<br />2,000,000
<br />2,000,000
<br />7,009,611
<br />9,009,611
<br />241,102,727
<br />36,165,409
<br />27,155,798
<br />181,038,654
<br />22
<br />2035
<br />2,000,000
<br />2,000,000
<br />7,009,611
<br />9,009,611
<br />243,513,754
<br />36,527,063
<br />27,517,452
<br />183,449,681
<br />23
<br />2036
<br />2,000,000
<br />2,000,000
<br />7,009,611
<br />9,009,611
<br />245,948,892
<br />36,892,334
<br />27,882,723
<br />185,884,821
<br />24
<br />2037
<br />2,000,000
<br />2,000,000
<br />4,460,661
<br />6,460,661
<br />248,408,381
<br />37,261,257
<br />30,800,596
<br />205,337,303
<br />25
<br />2038
<br />2,000,000
<br />2,000,000
<br />4,460,661
<br />6,460,661
<br />250,892,465
<br />37,633,870
<br />31,173,209
<br />207,821,390
<br />26
<br />2039
<br />2,000,000
<br />2,000,000
<br />2,230,331
<br />4,230,331
<br />253,401,390
<br />38,010,209
<br />33,779,878
<br />225,199,188
<br />27
<br />2040
<br />-
<br />-
<br />2,230,331
<br />2,230,331
<br />255,935,404
<br />38,390,311
<br />36,159,980
<br />241,066,535
<br />-
<br />-
<br />-
<br />-
<br />-
<br />258,494,758
<br />38,774,214
<br />38,774,214
<br />258,494,760
<br />Totals
<br />$ 226,027,957
<br />$ 11,730,434
<br />$ 42,000,000
<br />$ 279,758,391
<br />$ 140,192,218
<br />$ 419,950,609
<br />$ 6,150,935,380
<br />$ 922,640,311
<br />$ 502,689,702 $
<br />3,351,264,678
<br />Assumptions
<br />#1 $40,000,000 in Fiscal year 2015 -2016
<br />#2 $35,000,000 in Fiscal year 2017 -2018
<br />#3 $35,000,000 in fiscal year 2019 -2020
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