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City of Chattanooga Ron Littlefield, Mayor

City of Chattanooga Ron Littlefield, Mayor. Five -Year Capital Improvements Plan Fiscal Years 2010 - 2014. Budget Prioritization. Enterprise Industrial Park/Volkswagen Infrastructure/Road Improvements Interceptor Sewer Upgrade New Fire Halls Fleet Replacement Technology Upgrade.

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City of Chattanooga Ron Littlefield, Mayor

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  1. City of ChattanoogaRon Littlefield, Mayor Five -Year Capital Improvements Plan Fiscal Years 2010 - 2014

  2. Budget Prioritization • Enterprise Industrial Park/Volkswagen • Infrastructure/Road Improvements • Interceptor Sewer Upgrade • New Fire Halls • Fleet Replacement • Technology Upgrade

  3. Total Five Year Request

  4. PROPOSED FY 2010 ALLOCATION

  5. FY10 MAJOR PROJECTS

  6. FY10 MAJOR PROJECTS 9/7/2014 6

  7. FY10 MAJOR PROJECTS cont’d.

  8. FY10 Funding Sources

  9. Other City Sources

  10. External Funding Sources

  11. Capital Improvements Plan Fiscal Years 2010 - 2014

  12. Total General Fund Debt Service 2001 – 2010

  13. Outstanding Debt

  14. Current Debt Profile The City has traditionally retired its general obligation debt at a rapid rate. The City will retire approximately 33.9% of outstanding debt within 5 years, approximately 62.5% within 10 years and 86.7% within 15 years. Page 16

  15. Current Debt Profile The following charts and tables are profiles of the City’s self-supporting debt. Page 17 CDRC Lease and Hotel-Motel Tax Debt

  16. Current Debt Profile The following charts and tables are profiles of the City’s enterprise debt. Page 18

  17. Current Debt Profile

  18. Unreserved Fund Balance as a % of General Fund Expenditures Positive Benchmark: Aaa 19%; Aa 21%

  19. General Fund Balance as a % of General Fund Operating Revenue (Including Transfers In)

  20. General Fund Balance as % of General Fund Operating Expenditure (Including Transfers Out)

  21. Positive Net GO Debt as % of Assessed Value

  22. Net GO Debt as % of Market Value of Taxable Property

  23. Overall Debt Per Capita

  24. Net Debt Per Capita

  25. Net & Overlapping Debt per Capita as % of Per Capita Income

  26. Positive Debt Service Fund as a % of General Fund Expenditure (Excluding Transfers Out)

  27. Debt Service Fund as % of General Fund Operating Expenditures (Including Transfers Out)

  28. Overlapping tax as % of Market value of Taxable Property

  29. ADS ratio is current year revenues available for debt service divided by current year total debt service. Indicates the financial margin to meet total ADS with current revenues available for debt service (a key ratio per Fitch) Fitch benchmark is 1.8 “A” and 2.3 for “AA”. Days cash on hand, another key ratio is 535 days vs. 332 days for “AA” rated systems. Indicates financial flexibility.

  30. Interceptor Sewer Key Ratios Most recent three-year historical average of annual revenues available for debt service divided by respective debt service for the year. This ratio indicates the historical trend in additional debt service coverage.

  31. Interceptor Sewer Key Ratios Current-year revenues available for debt service divided by current-year debt service. This ratio indicates the financial margin to meet current annual debt service with current revenues available for debt service.

  32. Interceptor Sewer Key Ratios Current unrestricted cash and investments plus any restricted cash and investments (if available for general system purposes), divided by operating expenditures minus depreciation, divided by 365. This ratio indicates financial flexibility.

  33. Questions & Comments

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