FY2022-FY2027 Adopted Capital Improvement Program

FY2022 Adopted Budget Capital Improvement Program

Introduction Tabl e 1 compares deb t capacit y availabl e to th e deb t capacit y neede d in order t o maintain the current updated CIP. As Tabl e 1 shows, CIP updat e submission fo r Capita l fund s was not withi n the County s abilit y t o mee t th e needs an d still remain within th e establishe d Debt Affordability. Therefore, som e projects wer e delaye d or eliminated. Tabl e 2 compares debt capacit y availabl e to th e deb t capacit y needed t o fund the approved FY2022 2027 CIP.

NOTE : Updated CIP take s th e current CIP (FY2022 2027) and update s th e cost s based on current construction costs.

Table 1

Projected Genera l Fund Debt Affordabilit y VERSU S Updated CI P Project s for FY 2022 2027 ($ millions )

Total Debt Cap

FY 22

FY 23

F Y 24

FY 25

F Y 26

F Y 27

401.97 338.36

Affordabl e Debt Updated Debt Cumulative Excess (Deficit)

88.8 8

57.63

61.36

65.7 0

70.58

57.8 2

79.62*

56.20 *

46.07 *

75.40*

51.23 *

29.84 *

9.2 6

10.69

25.98

16.2 8

35.63

63.6 1

63.61

*adjusted for deficienc y in pay go fundin g which would need to be supplemente d with debt fundin g

Table 2

Projected Genera l Fund Debt Affordabilit y VERSU S Approve d FY 2022 2027 CIP ($ millions )

Total Debt Cap

FY 22

FY 23

FY 24

FY 25

FY 26

FY 27

Affordabl e Debt Approve d Debt Cumulative Excess (Deficit)

88.8 8 78.6 4 10.2 4

57.6 3 62.7 3

61.3 6 58.5 6

65.70 66.90

70.5 8 59.2 8 18.0 4

57.82 58.51 17.35

401.97 384.62

5.1 4

7.9 4

6.7 4

17.35

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