FY2016-17 Budget Final

5.4 Capital Outlay For the next five years the Capital Improvement Plan includes various capital improvement projects detailed in budget. Below is a summary of projected bond project issuances through fiscal year 2021. The City is also determining whether funding some capital projects with current reserves will ease the debt burden of the City.

PROPOSED BOND PROJECTS - ISSUANCE PLAN - FY 2016-2021

Proposed FY18

Proposed FY19

Proposed FY20

Proposed FY21

Projected FY16

Proposed FY17

TOTAL

General Obligation Bond Election Projects

$2,040,000 $2,500,000 $2,000,000 $2,000,000 $3,000,000 $3,000,000 $14,540,000

Certificates of Obligation Projects Total CO Bond Projects

$1,005,000 $5,000,000 $4,000,000 $3,500,000 $3,000,000 $4,000,000 $20,505,000

TOTAL BOND PROJECTS $3,045,000 $7,500,000 $6,000,000 $5,500,000 $6,000,000 $7,000,000 $35,045,000

Interfund Transfers

5.5 Inter-fund Transfers Inter-Fund transfer includes transfers to capital projects, energy management, enterprise and general government equipment replacement funding. The scheduled transfers are projected to increase by 5 percent annually.

10.0 11.0 12.0 13.0

8.0 9.0

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

5.6 Debt Service Expenditures in this category include bond’s principal and interest payments and bond issue costs. Forecasted expenditures in Debt Service are based on projected tax rate and projected assessed value of property. The following graph summarizes the debt service expenditures for the next 5 years.

Debt Service

$10 $15 $20 $25 $30 $35

$0 $5

2012 2013 2014 2015 2016 2016 2017 2018 2019 2020 2021

6. Summary of Expenditures Forecast:

In each expenditures forecast category, the following growth rates are included: • Historical Growth Rate – The cumulative annual rate of growth for the past five years, FY2011-through FY2015. • Projected Growth Rate – The cumulative annual rate of growth projected for the current five-year forecast, FY2015 through FY2021.

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