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Honorable Members of the County Council <br /> February 28, 2014 <br /> Page 2 <br /> the resulting total debt service is estimated at 8.69 percent of the general expenditures. If all <br /> debt that has been authorized by the County Council was issued, the debt service percentage <br /> would be 12.29 percent of the general expenditures. <br /> What is a Capital Improvement Project? <br /> A project is eligible for funding from the capital budget if it is a major nonrecurring expenditure, <br /> such as: <br /> 1. Land acquisition; <br /> 2. Infrastructure improvement other than buildings that add value to the land or improves <br /> utility (roads, drainage, sewer lines, parking, landscape or similar construction); <br /> 3. New buildings or structures or additions to buildings, including related equipment and <br /> appurtenances which are integral to the new structure; <br /> 4. Nonrecurring rehabilitation, remodeling or expansion of infrastructure and buildings; <br /> 5. Planning, feasibility, engineering, or design studies related to capital improvement <br /> projects; <br /> 6. Information and communications technology infrastructure. <br /> Tables <br /> Five tables were created to provide a summary of capital budget projects in different formats: <br /> Table 1. List of Projects and Proposed Funding Sources includes proposed projects that are <br /> requesting funds for this fiscal year, what makes them eligible as a capital project, <br /> location, council benefit district, funding source, six-year forecast of funding needs <br /> and total project costs. <br /> Table 2. Capital Project Eligibility categorizes projects by their eligibility. <br /> Table 3. Location of Projects by Council District indicates the Council district where each <br /> project is located. <br /> 4 <br />