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<br /> �LORIDQ' 201212013 Budget
<br /> Long Term Debt
<br /> capital infrastructure on a cash basis. Therefore, the need for additional debt for governmental-type operations
<br /> should remain limited for the next ten years.
<br /> Indian River County Estimated Bonding Capacity without Public Vote
<br /> Ten Years Twenty Years Thirty Years
<br /> Pledge Source (1.75%) (2.50%) (2.99°/x)
<br /> Half-Cent Sales Tax $54,500,000 $100,200,000 $131,000,000
<br /> Total Gas Taxes $51,300,000 $87,800,000 $110,500,000
<br /> Tourist Development Tax $11,000,000 $18,900,000 $23,800,000
<br /> First Guaranteed(Revenue Sharing) $1,900,000 $3,200,000 $4,000,000
<br /> Second Guaranteed(Revenue Sharing) $3,900,000 $6,600,000 $8,400,000
<br /> Total Bonding Capacity $122,600,000 $216,700,000 $277,700,000
<br /> Other unforeseen events can arise, which would require long term financing. The best measure of how well an
<br /> organization is equipped to meet cash flow needs is its bonding capacity. Bonding capacity determines how
<br /> much long term debt available revenues can support. Utilizing Half-Cent Sales Tax, Gas Taxes, and Tourist
<br /> Taxes not already pledged to debt, Indian River County's current bonding capacity without a public vote, is
<br /> $122,600,000 over the next ten years(assumes 1.75%cost of capital, see table above).
<br /> ` - Schedule of Existing Long Term Debt
<br /> Initial Principal Average
<br /> Principal Remaining Interest Final Bond Rating/
<br /> Bond Issue/Description Amount 9/30/2012 Rate Maturity Agency Securi Pledge
<br /> Water&Sewer Revenue -
<br /> 2005 Series 27,675,000 19,010,000 3.94% 2022 AAA/FGIC Water& Sewer
<br /> (Insured) Revenues
<br /> 2009 Series 26,370,000 24,760,000 3.68% 2024 AA+/AA Water&Sewer
<br /> Revenues
<br /> Recreational Revenue
<br /> 2001 Series Spring a AAA/FGIC State Funds, 'h Cent
<br /> Training Facility 16,810,000 11,075,000 4.87/0 2031 (Insured) Sales Tax,Tourist Tax
<br /> 2003 Series Refundingo AAA/AMAC Golf club NI,fronton
<br /> Recreational Revenue 6,455,000 2,120,000 3.65% 2016 (Insured) rev.,&sub lien /2 cent
<br /> sales tax
<br /> Voted G.O.Debt
<br /> Environmental Lands AAA/MBIA
<br /> 48,600,000 32,385,000 4.22% 2021 General Obligation
<br /> Acquisition 2006 Series (Insured)
<br /> Total Bonds Outstanding $89,350,000
<br /> 333 209
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