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Management & Finance
 Fiscal Year 2006 Proposed Budget

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SECTION L -- NON-DEPARTMENTAL and DEBT SERVICE

IMPACT OF PROPOSED FY 2006 - 2011 CAPITAL IMPROVEMENT PROGRAM ON DEBT RATIOS
budget contents
Table of Contents: Sections A thru P

Section L Contents

County Board

Vision for Arlington County

Guide to Reading the Proposed Budget

Calendar

County Manager's Message
Actual Adopted Proposed Projected
2004 2005 2006 2007   2008   2009   2010   2011
PAY-AS-YOU-GO APPROPRIATIONS (1) 26,894,176 49,635,000 227,521,000 53,114,000 51,642,000 45,839,000 42,954,000 50,000,000
GENERAL OBLIGATION BOND ISSUANCE 60,070,000 87,000,000 86,200,950 92,438,684 66,116,542 85,864,739 49,476,884 22,632,600
GENERAL OBLIGATION UTILITY BOND ISSUANCE - 6,000,000 - 6,342,000 - - -
IDA LEASE REVENUE BONDS 60,540,000 - - - - - - -
CAPITAL PLAN 147,504,176 142,635,000 313,721,950 145,552,684 124,100,542 131,703,739 92,430,884 72,632,600
TAX SUPPORTED GENERAL OBLIGATION
BONDS RETIRED (2) 36,142,379 37,354,052 42,406,470 46,724,405 50,737,472 56,344,891 59,261,450 62,128,928
NET TAX-SUPPORTED DEBT
AT END OF FISCAL YEAR (3) 563,554,340 613,200,288 656,994,768 702,709,047 718,088,117 747,607,965 737,823,399 698,327,072
SCHOOLS DEBT SERVICE   22,223,542   24,741,224   27,163,506   30,797,506   34,354,245   36,303,814   39,301,970   39,819,273
COUNTY DEBT SERVICE - Including IDA Lease Rev. Bonds starting in FY 06 34,973,012 37,320,655 43,802,834 47,467,089 50,176,656 54,730,033 56,141,952 58,025,240
Less: E911 Additional Surcharge to be Applied to IDA Lease Rev. Bonds (8) - - (2,250,000) (2,250,000) (2,250,000) (2,250,000) (2,250,000) (2,250,000)
TOTAL TAX SUPPORTED DEBT SERVICE (3)   57,196,554   62,061,879   68,716,340   76,014,594   82,280,900   88,783,847   93,193,922   95,594,513
BUDGETED GENERAL EXPENDITURES (4) 745,799,359 787,437,180 828,309,418 828,309,418 828,309,418 828,309,418 828,309,418 828,309,418
DEBT SERVICE AS PERCENTAGE OF EXPENDITURES 7.67%   7.88%   8.30%   9.18%   9.93%   10.72%   11.25%   11.54%
MARKET VALUATION OF TAXABLE PROPERTY (5) 38,062,505,888 44,638,523,184 45,977,678,880 47,357,009,246 48,777,719,523 50,241,051,109 51,748,282,642 53,300,731,122
NET TAX SUPPORTED DEBT AS PERCENTAGE
OF MARKET VALUATION 1.48% 1.37% 1.43% 1.48% 1.47% 1.49% 1.43% 1.31%
POPULATION (6) 197,423 198,267 201,059 203,852 206,644 209,437 212,229 214,444
DEBT PER CAPITA $2,855 $3,093 $3,268 $3,447 $3,475 $3,570 $3,477 $3,256
INCOME PER CAPITA (7) $57,851 $59,010 $60,209 $61,529 $62,883 $64,266 $65,680 $67,125
NET TAX-SUPPORTED DEBT TO INCOME   4.93%   5.24%   5.43%   5.60%   5.53%   5.55%   5.29%   4.85%
NOTES
(1) Includes General Capital Fund, School Capital Fund, Utilities Capital Fund, and federal and state capital grants which are appropriated. Also includes DEQ/VRA loan to the Wastewater Pollution Control Plant.
(2) Includes general government, WMATA, School bonds, and IDA Lease Revenue Bonds
(3) Excludes credit support commitments on revenue bonds or lease-backed bond financings, includes IDA Lease Revenue Bonds. For Subject to Appropriation debts, see Chart C.
(4) Includes expenditures of the General Fund and certain Special Revenue Funds of the County and School Board. It is assumed 4 percent growth starting FY 2007
(5) Assumes approximately 3 percent growth in market value of taxable property starting FY 2006
(6) Population growth as estimated by the Arlington County Planning Division.
(7)CPHD estimates.
(8)E911 incremental surcharge - Starting FY 2005 - to be applied to the IDA Lease Revenue Bonds - ECC Project. The revenues for FY 2005 are not included.