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Honorable Members of the County Council <br />February 27, 2015 <br />Page 2 <br />the resulting total debt service is estimated at 7.86 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 12.12 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 />