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<br /> General Obligation Debt Information for Underlying Units as of June 30, 2019
<br /> Bonds Authorized
<br /> and Unissued Total GO Debt'
<br /> Total GO
<br /> Debt
<br /> Assessed Tax Rate Per
<br /> Unit Population' Valuation Per$100 iaWAY Other iaWAY Other Capita
<br /> Carrboro 20,715 $2,389,985,868 $0.5944 $-- $-- $-- $3,100,000 $149.65
<br /> Chapel Hill 63,178 8,223,292,265 0.5280 -- 20,400,000 -- 38,093,000 602.95
<br /> Hillsborough 7,483 1,088,855,671 0.6200 -- -- -- -- --
<br /> Mebane3 13,850 2,181,876,039 0.4700 -- -- -- --'Estimates of North Carolina Office of State Budget and Management.
<br /> 2 Does not include installment financing agreements,revolving loans and revenue bonds as these obligations are not general obligations.
<br /> 'Approximately 15.5%of this population resides in Orange County and 84.5%resides in Alamance County.
<br /> Other Long-Term Commitments
<br /> The County currently has a variety of financing agreements for vehicles and other equipment.In
<br /> addition, the County has financed school, public buildings, landfill and water and sewer projects through
<br /> installment financing agreements which, as of June 30, 2019, had a combined principal balance of
<br /> approximately$126 million. Annual requirements to service these obligations are as follows:
<br /> Fiscal Year Landfill and Sportsplex Governmental Purposes Totals
<br /> Ending Principal Principal Principal
<br /> June 30 Principal and Interest Principal and Interest Principal and Interest
<br /> 2020 $1,080,279 $1,508,149 $15,297,253 $12,923,414 $16,805,402
<br /> 2021 1,118,624 1,509,461 12,462,847 16,577,863 13,581,471 18,087,324
<br /> 2022 1,137,669 1,478,899 12,570,883 16,146,294 13,708,552 17,625,193
<br /> 2023-2027 4,720,031 5,771,768 50,605,876 61,091,633 55,325,907 66,863,401
<br /> 2028-2032 1,802,269 2,144,705 16,189,032 19,468,334 17,991,301 21,613,039
<br /> 2033-2037 1,049,605 1,946,290 7,365,395 8,415,000 8,415,000 10,361,290
<br /> 2038-2043 60,000 63,600 1,945,000 2,050,413 2,005,000 2,114,013
<br /> TOTALS $10,968,477 $14,422,872 $112,982,168 $139,046,790 $123,950,645 $153,496,662
<br /> Additionally,the County is obligated to the North Carolina Department of Environmental Quality
<br /> under State Revolving Loans for sewer projects with the following annual requirements as of June 30,2019:
<br /> Fiscal Year Principal
<br /> Ending June 30, Principal and Interest
<br /> 2020 $145,640 $194,233
<br /> 2021 145,640 191,977
<br /> 2022 145,640 186,536
<br /> 2023 145,640 183,225
<br /> 2024-2028 728,200 860,788
<br /> 2029-2033 728,200 722,695
<br /> 2034 58,077 59,238
<br /> Totals $2,097,037 $2,398,692
<br /> Debt Outlook
<br /> The County has an extensive ten-year capital improvement program underway to provide public
<br /> safety, school facilities, government facilities, affordable housing, and park improvements. County voters
<br /> approved a referendum in November 2016 for$125 million in general obligation bonds.The County issued
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