1994-13 - Laserfiche WebLink

Home Browse Search

CAPITAL IMPROVEMENTS ELEMENT Debt Service Obligations The county's debt service obligations for current and anticipated bond issues are summarized in table 13.16. Debt service is payment of principal and interest on obligations resulting from the issuance of bonds. The total anticipated debt service for the county from fiscal year 1991-92 1993-94 through fiscal year 1995-96 1999-2000 is estimated to be over 3276 $60.1 million. As table 13.17 indicates, the county's major anticipated outstanding debts are for water and sewer revenue bonds, water and sewer assessments, bond anticipation notes, solid waste revenue bonds and assessments, three general revenue bonds and general obligation debt for library bonds. Fiscal Assessment Summary This section provides an analysis of the county's revenues and expenditures for its capital improvement needs for the five seven year period beginning in fiscal year (FY) 1991-92 1993-94 and ending in FY 1995-96 1999-2000. The estimated costs of the county's capital improvement needs for this five seven year projection period are derived from each applicable comprehensive plan element's capital improvement schedule or program and other identified facility needs. The estimated costs of these capital improvements are summarized by individual element and year in Table 13.18. Also, Table 13.23 summarizes each individual element's capital improvement needs, along with their cost, timeframe, and revenue source(s). The estimated revenues to be used to pay for the projected capital improvements needs consist of existing revenue sources and proposed revenue sources. For purposes of this analysis, proposed revenues are assumed to have been approved and implemented as required in order to balance anticipated revenues and expenditures. Table 13.18 provides a summary of the projected revenues and expenditures by element category for capital improvements needs for fiscal years 1991-92 1993-94 through 1995-96 1999-2000. This table identifies each revenue by source and amount of revenue for each year by element. The table also identifies the amount of estimated expenditure costs and revenue for each element by year. The resulting balance of each element's costs versus its revenues is also provided in Table 13.18. The projected revenue from the adopted One -Cent Local Option Sales Tax identified in Table 13.18 is carried over from year to year. The tax became effective June 1, 1989. The county anticipated revenue from the tax is approximately $5.3 million per year for a maximum of 15 years. It is projected that the tax will have a 5%