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26 <br /> of funds include Lottery Proceeds and Article 46 sales tax proceeds. Both of these sources are dedicated <br /> to fund school capital needs and are estimated to contribute over $2.9 million to the resources used to <br /> support the CIP. <br /> Debt Capacity Target and Next Steps <br /> County policy establishes a debt service capacity target of fifteen percent (15%) of general fund <br /> revenues. The proposed debt service for FY2017-18 is expected to result in a debt service capacity <br /> percentage of 12.8%. However, the projected debt service particularly associated with bond projects is <br /> expected to exceed the County's current capacity target. As the Board considers the CIP, staff will <br /> identify the years in which the debt capacity target is exceeded and work with the Board to prioritize <br /> projects so that the Board is comfortable with the current and planned debt service capacity. <br /> Finally, I would like to thank each of the department directors who contributed their creativity and <br /> professional insights throughout this process. I would also like to thank the County's Finance and <br /> Administrative Services team most notably Chief Financial Officer Gary Donaldson, Deputy Finance <br /> Director Paul Laughton, and Budget Analyst Darrell Butts. Their sharp financial acumen, attention to <br /> detail, and impressive work ethic shaped and produced the document we are introducing today for the <br /> Board's consideration. <br /> I look forward to working with you over the next several weeks to improve upon the Manager's <br /> Recommended Capital Investment Plan. Please contact me or the Deputy Manager with any questions. <br /> Page 18 <br />