HomeMy WebLinkAboutAgenda - 02-07-2008-3Attachment 3. Annual Debt Service Capacity and Tax Rate Impact - General Fund Only (Assumes 7% Annual Growth) (2)
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)
A B C D E F G H I I J J
Total Debt
Service Capacity
eneral Fund Debt
Additional General Fund Debt Service (in accordance with BOCC February 20, 2007 debt Issuance
plans) ange
o Borrowing apac
Remaining After Additional Proposed
Debt Issued (6)
R
t
I
t
FY
Total General
Fund Budget based on
Annual % County's current
Increase at Debt Management
° of
Policy of 15/0
total General
Fund) Service for Currently
Issued Debt (does not
include future anticipated
debt beyond amounts
that were outstanding as
of June 30, 2007)
Projected Additional
Debt Service By Fiscal
Year (4)
Total Projected Debt
Service (Based on
February 20, 2007 BOCC
Plan)
Additional Debt Service
that County Can
Assume Based on
Current 15% Policy
(column d - column g)
Remaining Debt
°
Capacity if 100 /° of Debt
Service Issued in
Previous Fiscal Year
rom
0 Tax
a
e
mpac
,
of Projected
Additional Debt
Service (column
?
(5)
1999-000) $100,215,148
2000-01 (rl $108,982,427 8.75% $16,347,364
2001-02f1J $117,739,561 8.04% $17,660,934
2002-03(l) $119,187,050 1.23% $17,878,058
2003-04(l) $128,972,522 8.21% $19,345,878
2004-05 U) $136,408,766 5,77% $20,461,316
2005-06(l) $149,856,874 9.86% $22,478,531
Ij
'
2006-07(l) $163,473,184 9.09% $24,520,978
2007-08 $173,624,351 6.21% $26,043,653 $24,088,875 $0 $24,088,875 $1,954,777 0.00
008.09 $185,778,056 7.00% $27,866,708 $26,105,858 $999,710 $27;105,568 $761,140 0.77
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
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
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
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
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
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
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
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
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
Footnotes
i?
x't Original Approved General Fund Budget
For years beginning 200809, assumes 7% annual Increase of total General Fund budget per BOCC September 14, 2006 direction
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
"r Assumes no additional debt is issued beyond the projects approved b the Board on February 20, 2007.
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
Reflects face value of amount borrowed; assumes fixed principal Q 6% annual interest rate for 20 years