Orange County NC Website
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General Obligation Debt Ratios. <br /> Total <br /> GO Debt <br /> Total Assessed to Assessed GO Debt Total <br />At July 1 GO Debt ~raluation Valuation Population Per Capita <br />2002 $102,255,000 $ 9,437,306,885 1.08% 119,7461 $ 853.93 <br />2003 113,935,000 9,828,614,420 1.16 120,8811 942.54 <br />2004 107,585,000 10,084,687,332 1.07 120,9651 889.39 <br />2005 125,810,000 11,972,000,000 1.05 120,9651 1,040.05 <br />2006 156,585,000 11,972,000,000 1.31 120,9651 1,294.47 <br />Estimate of North Carolina Office of State Budget and l~rianagement <br />Other Long-Term Commitments. The County currently has a variety of short-term <br />financing agreements for vehicles and other equipment. In addition, the County has financed <br />school and public buildings thtough installment financing agreements and the current debt <br />ser~~ice requirements of these school and public buildings obligations are as follows: <br />Fiscal Principal <br />Year Principal and Interest <br />2005-06 $5,078,223.62 $6,175,288.17 <br />2006-07 4,776,017.37 5,661,837.89 <br />2007-08 4,823,934.10 5,511,831.55 <br />2008-09 4,013,537.13 4,505,202.55 <br />2009-10 3, 449,3 88.96 3, 769,155.3 8 <br />2010-11 2,909,288.06 3,093,052.04 <br />2011-12 1,352,343.06 1,447,722.57 <br />2012-13 263,905.16 316,115.79 <br />2013-14 239,655.16 281,373.14 <br />2014-15 239,655.16 271,259.70 <br />2015-16 239,655.16 261,146.26 <br />2016-17 239,655.16 251,032.78 <br />2017-18 119,827.76 121,723.85 <br /> $27,745,085.86 $31,666,741.67 <br />Debt Outlook. The County has an extensive ten-year capital improvement program <br />underway to provide goverrunental offices, judicial facilities, school facilities, parks and open <br />space and affordable housing. Some of these facilities will require the incurrence of debt by the <br />County. The County currently has $5,635,000 in voter approved bonds authorized and unissued <br />that will be used to finance affordable housing and parks projects. The County anticipates <br />entering into an installment financing certificates of participation transaction later in 2006 in the <br />amount of between $15 million and $25 million for several projects. The County anticipates <br />borrowings totaling approximately $15 million in fiscal years 2007 and 2008. <br />C-883836v4 13361.00022 26 <br />