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Attachment 3. Annual Debt Service Capacity and Tax Rate Impact - General Fund Only (Assumes 7% Annual Growth) (2)
<br />Based on County's Current Debt Management Policy of Annual Debt Service Being No More Than 15% of Total General Fund Budget and Assuming 7% Annual Increase in County's General Fund Budget (2)
<br />A B C D E F G H I I J J
<br />
<br />
<br />Total Debt
<br />Service Capacity
<br />
<br />
<br />eneral Fund Debt
<br />Additional General Fund Debt Service (in accordance with BOCC February 20, 2007 debt Issuance
<br />
<br />plans) ange
<br />o Borrowing apac
<br />Remaining After Additional Proposed
<br />Debt Issued (6)
<br />
<br />
<br />R
<br />t
<br />I
<br />t
<br />
<br />
<br />FY
<br />Total General
<br />Fund Budget based on
<br />Annual % County's current
<br />Increase at Debt Management
<br />° of
<br />Policy of 15/0
<br />total General
<br />Fund) Service for Currently
<br />Issued Debt (does not
<br />include future anticipated
<br />debt beyond amounts
<br />
<br />that were outstanding as
<br />of June 30, 2007)
<br />
<br />Projected Additional
<br />Debt Service By Fiscal
<br />
<br />Year (4)
<br />
<br />Total Projected Debt
<br />Service (Based on
<br />
<br />February 20, 2007 BOCC
<br />Plan)
<br />Additional Debt Service
<br />that County Can
<br />Assume Based on
<br />
<br />Current 15% Policy
<br />(column d - column g)
<br />
<br />Remaining Debt
<br />°
<br />Capacity if 100 /° of Debt
<br />Service Issued in
<br />Previous Fiscal Year
<br />
<br />
<br />rom
<br />
<br />
<br />0 Tax
<br />a
<br />e
<br />mpac
<br />,
<br />of Projected
<br />Additional Debt
<br />Service (column
<br />?
<br />(5)
<br />1999-000) $100,215,148
<br />2000-01 (rl $108,982,427 8.75% $16,347,364
<br />2001-02f1J $117,739,561 8.04% $17,660,934
<br />2002-03(l) $119,187,050 1.23% $17,878,058
<br />2003-04(l) $128,972,522 8.21% $19,345,878
<br />2004-05 U) $136,408,766 5,77% $20,461,316
<br />2005-06(l) $149,856,874 9.86% $22,478,531
<br />Ij
<br />'
<br />2006-07(l) $163,473,184 9.09% $24,520,978
<br />2007-08 $173,624,351 6.21% $26,043,653 $24,088,875 $0 $24,088,875 $1,954,777 0.00
<br />008.09 $185,778,056 7.00% $27,866,708 $26,105,858 $999,710 $27;105,568 $761,140 0.77
<br />2009-10 $198,782,519 7.00% $29,817,378 $24,647,039 $2,656,650 $27,303,689 $2,513,689 $2,513,689 $28,000,000 $30,000,000 1.69
<br />2010-11 $212,697,296 7.00% $31,904,594 $23,445,694 $3,929,595 $27,375,289 $4,529,306 $2,015,617 $23,000,000 $24,000,000 2.41
<br />2011-12 $227,586,107 7.00% $34,137,916 $21,150,241 $3,740,613 $24,890,853 $9,247,063 $4,717,757 $53,000,000 $54,000,000 2.20
<br />2012-13 $243,517,134 7.00% $36,527,570 $19,416,464 $3,631,005 $23,047,469 $13,480,101 $4,233,038 $50,000,000 $51,000,000 2.06
<br />2013-14 $260,563,333 7.00% $39,084,500 $18,976,732 $3,521,397 $22,498,129 $16,586,371 $3,106,269 $35,000,000 $36,000,000 1.65
<br />2014-15 $278,802,767 7.00% $41,820,415 $18,264,837 $3,411,790 $21,676,627 $20,143,788 $3,557,418 $40,000,000 $41,000,000 1.93
<br />2015.16 $298,318,960 7.00% $44,747,844 $17,672,279 $3,302,162 $20,974,461 $23,773,383 $3,629,594 $42,000,000 $43,000,000 1.80
<br />12016-17 $319,201,288 7.00% $47,880,193 $16,922,230 $3,192,575 $20,114,805 $27,765,388 $3,992,006 $45,000,000 $46,000,000 1.44
<br />2017-18 $341,545,378 7.00% $51,231,807 $16,173,715 $3,082,967 $19,256,682 $31,975,124 $4,209,736 $48,500,000 $50,000,000 1.34
<br />Footnotes
<br />i?
<br />x't Original Approved General Fund Budget
<br />For years beginning 200809, assumes 7% annual Increase of total General Fund budget per BOCC September 14, 2006 direction
<br />x3r Fiscal years 1999-00 through 2007-06 reflect actual annual percentage increase in Cam s original General Fund; for years beginning 200809, based on 7% annual increase of total General Fund budget
<br />"r Assumes no additional debt is issued beyond the projects approved b the Board on February 20, 2007.
<br />al Tax Rate Impact = Assumes that assessed property valuation in non-Revaluation years Increases at 3 percent and at 15 percent in Revaluation years. NR = Non-Revaluation Years; R = Revaluation Years
<br />Reflects face value of amount borrowed; assumes fixed principal Q 6% annual interest rate for 20 years
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