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Honorable Members of the County Council <br />March 1, 2017 <br />Page 2 <br />the resulting total debt service is estimated at 9.8 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 13.1 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 />Project Data/Financial Impact Statements <br />Proposed capital projects are organized in sections by County agencies. The first document in <br />each section is a Summary of Department Requests for FY 2017-2018. Following the Summary <br />are the individual Project Data/Financial Impact Statements, which include information about <br />the lead County agency, location, project description, Council benefit districts, project <br />consistency with long range plans, impact on operating budget, sustainability focus, project <br />readiness, etc. <br />Fair Share Contributions <br />A Fair Share Annual Report as of June 30, 2016 was submitted to the County Council in January <br />2017. This document provides information on the total fair share contributions, appropriations, <br />and funds available for capital improvements. At this time, there is one project proposed to <br />use fair share contributions. We have and will continue to strongly encourage the use of fair <br />share contributions to fund capital projects when possible. <br />We ask for your favorable consideration of this Capital Budget and Program. <br />Aloha, <br />Harry Kim, Mayor <br />11 <br />