Preliminary Outlook for Debt Service Fund

($ in millions)
$350

$300

Commercial Paper is used to interim

finance projects before issuing bonds
for new bond program

Opportunity exists for

future bond programs
or pay-as-you-go

$23 $43 $59

$79 $91

$250

$27 $42 $56 $72

$200

$79
$65

$59

$79
$58
$56

$81
$54

$78 $76

$52
$51

$150

$68 $66
$49

$218 $210
$203
$100 $212

$50

$189 $186 $179

$173

$161 $151

$139

$126

$73 $71

$47 $45

$63
$44 $42

$40 $38
$26

$103 $91 $91

$83 $83 $74 $75

$0

$61
$61

$58

$56 $45
$33 $24
$16 $8
$12

FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042

Existing Bond Debt Service

Potential Pay-Go/Future Bond Program Capacity

Projected Authorized Unissued Bond Debt Service

Revenues

Potential future bond election in Nov 2017 (FY18) and begin projects using Commercial Paper.

Note: Forecasts are preliminary and will change through budget development process and as additional information is available.

25