76 / 154
75
Debt
BUDGET NOTES
New Initiatives & Priorities
Cost Value
New Debt Service:
•
McCrimmon Parkway Extension Phase II
•
Morrisville-Carpenter Road
•
Morrisville Aquatics & Fitness Center
1,413,600
Total
$
Note: FY17 shown above includes proceeds from Refunding Series.
2017 Actual
2018 Actual
2019 Estimated 2020 Proposed
Debt Service
6,681,242
$
2,187,380
$
2,130,414
$
3,492,200
$
Year Over Year % Change Total
358.2%
-67.3%
-2.6%
Year Over Year $s Change Total
5,223,167
$
(4,493,862)
$
(56,966)
$
Debt Service Items
2017
2018
2019
2020
2021
2022
2023
2024
status
GO Bond 2004 Park Improvements (RTP Ball
Park) Series 2013
285,600
$
281,600
$
277,600
$
273,600
$
269,600
$
265,600
$
261,600
$
257,600
$
continues to 2034
GO Bonds 2007 Public Improvements (PSMS
BLDG) Refunding Series 2016B
649,816
$
617,800
$
596,800
$
580,800
$
564,600
$
544,000
$
526,600
$
509,800
$
continues to 2027
Fire Station One 2011
299,620
$
292,654
$
285,688
$
278,740
$
136,760
$
-
$
-
$
continues to 2021
Public Safety Radio Replacements
153,450
153,451
$
153,451
$
153,500
$
153,500
$
45,500
$
-
$
continues to 2022
GO Bond 2012 Street Improvements McCrimmon
Parkway Extension Ph I
174,234
$
841,875
$
816,875
$
791,900
$
766,900
$
741,900
$
716,900
$
691,875
$
continues to 2035
Current Debt
1,562,720
$
2,187,380
$
2,130,414
$
2,078,540
$
1,891,360
$
1,597,000
$
1,505,100
$
1,459,275
$
GO Bond 2012 Street/Public Improvements
McCrimmon Parkway Extension Ph II/MAFC
Series 2018A/B
-
$
-
$
-
$
868,700
$
730,800
$
721,175
$
945,300
$
918,300
$
continues to 2038
GO Bond 2018 2/3 Bond Morrisville-Carpenter
Road Project
-
$
-
$
-
$
291,040
$
268,500
$
251,125
$
-
$
-
$
continues to 2022
Installment Financing Morrisville-Carpenter Road
Project & MAFC
-
$
-
$
-
$
253,920
$
253,630
$
248,440
$
243,250
$
238,060
$
continues to 2038
Total Debt Service
1,562,720
$
2,187,380
$
2,130,414
$
3,492,200
$
3,144,290
$
2,817,740
$
2,693,650
$
2,615,635
$
Debt Service as % of expenditures - Policy 15% or less
6%
8%
8%
10%
10%
8%
8%
7%