Arlington County, Virginia Adopted CIP Program Summary The FY 215-224 CIP includes typical capital projects such as maintenance capital, parks, transportation, metro, community conservation, government facilities, information technology and regionals. In addition, this CIP continues to address projects introduced in the previous CIP such as Crystal City and Columbia Pike streetcars and ConnectArlington. Similar to the last CIP, this 1 year CIP includes funding that has been previously approved in prior CIPs to show the full expenditure by fiscal year of each capital project. 1 Year Capital Program Costs Summary (s) Program Category FY 15 FY 16 FY 17 FY 18 FY 19 FY 2 FY 21 FY 22 FY 23 FY 24 Total Local Parks & Recreation 18,261 13,142 16,362 17,148 21,966 17,122 18,291 18,623 25,79 17,188 183,182 Transportation Initiatives 1 16,613 92,882 9,965 15,367 117,531 111,162 73,397 48,837 6,698 55,91 863,353 Crystal City (Route 1) Streetcar 2, 8 4,849 4,994 23,371 51,321 81,553 51,343 - - - - 217,431 Columbia Pike Streetcar 1, 8 5,282 7,941 19,876 3,883 149,74 54,399 - - - - 268,121 Metro 26,6 2,4 16,4 14,5 15, 15,75 22,5 23,5 26,5 29,5 21,65 Community Conserv/Economic Develop 12,5 12,73 14,622 6,643 1,965 8,236 7,28 6,732 1,557 6,982 97,148 Public / Government Facilities 51,223 2,382 25,163 42,29 25,547 12,634 1,667 11,224 14,717 29,81 243,648 Information Technology & Public Safety 3 11,151 12,43 13,888 16,234 17,645 22,636 12,717 13,41 9,963 16,978 146,665 Regional Partnerships 1,287 1,362 1,44 1,352 1,382 1,413 1,444 1,476 1,51 1,544 14,21 Capital Contingent 5,732 2, 4, 2, 4, 2, 4, 2, 4, 2, 31,732 Water & Sewer Infrastructure 5 42,149 41,12 37,2 38,933 31,759 25,72 24,488 27,19 25,55 24,732 317,734 Stormwater Management 6 5,185 9,85 3,555 7,85 5,2 6,29 5,435 5,595 5,93 6,615 61,28 Total County Capital 29,832 238,711 266,662 334,476 482,18 328,57 18,147 158,416 184,54 191,241 2,655,154 Schools Capital 13,293 7,241 14,58 7,681 173,912 8,15 23,794 8,646 25,15 9,174 534,54 Combined Capital Improvement Plan 421,125 245,952 46,72 342,157 656,2 336,27 23,941 167,62 29,69 2,415 3,189,28 (1) Transportation Capital Fund is supported by a commercial real estate tax of $.125 per $1 of assessed value, yielding projected revenues for transportation projects. The CIP assumes leveraging of the C&I tax from FY 217 - FY 221. The Transportation Capital Fund is supplemented by County PAYG as well as state and federal revenues. (2) Crystal City Public Infrastructure is funded from tax increment financing on properties in the Crystal City, Potomac Yard, and Pentagon City areas of the County. The tax increment is currently set at 33 percent. The CIP assumes leveraging of the TIF from FY 218 - FY 22. (3) ConnectArlington is included in the Information Technology & Public Safety category. Funding sources for this project includes federal grants, bond balances, as well as Schools' local funds for their respective allocation of the project costs. (5) Other Funding includes Washington Metro Area Transit Authority contributions for Crystal City Metro Station East Entrance. This also includes Utilities fund sources: Developer contributions and Inter Jurisdictional payments, interest revenue and existing bonds and fund balances. (6) Stormwater Management Fund is funded from the Sanitary District Tax, Watershed Management Fund, State Grants and project cost sharing with US Army Corps of Engineers. The sanitary district tax was increased from $.1 to $.13 per $1 of assessed value by the County Board on April 24, 21. (7) Other previously approved funds: Any funds other than GO Bonds that were approved as part of prior CIPs that are to be spent during this FY15-FY24 CIP. (8) The Columbia Pike streetcar is funded by the Transportation Capital Fund, TCF bonds, TCF HB2313 Local and state funding. The Crystal City streetcar is funded by the Crystal City/Potomac Yard/Pentagon City Tax Increment Financing area fund, Transportation Capital Fund, TCF BH2313 Local, TCF bonds, TIF bonds and state funding. (9) Local and Regional funding for transportation projects from the Northern Virginia Transportation Authority (NVTA) was approved by the General Assembly in 213. B-1
Arlington County, Virginia Adopted CIP Program Summary 1 Year Capital Program Funding Sources Summary (s) 1 Year Capital Funding Sources FY 15 FY 16 FY 17 FY 18 FY 19 FY 2 FY 21 FY 22 FY 23 FY 24 Total Pay-As-You-Go (PAYG) 25,42 29,438 28,612 28,82 34,113 35,873 29,399 26,679 29,343 33,971 3,93 Utilities PAYG 12,511 14,816 17,613 21,478 23,123 17,176 16,355 18,643 16,922 15,857 174,494 Master Lease Funding 4,199 6,9 7,996 11,156 8,356 8,779 7,83 8,379 5,43 9,497 76,938 General Fund GO Bond Issue 65,87 47,34 6,92 69,91 65,5 47,8 48,82 48,92 66,23 65,23 586,9 Utility GO Bond Issue - - 7, 7, - - - - - 14, Federal Funding 2,32 2,842 2,791 1,693 2,789 2,159 3,291 2,23 3,4 2,35 25,532 State Funding 1,471 12,797 33,928 49,734 12,213 59,5 8,772 9,285 12,38 14,764 313,52 Developer Contributions and Partnerships 5, 6,173 6,364 6,555 23,953 6,956 1,749 11,69 9,2 9,483 95,52 Sanitary District Tax 6 2,27 2,775 3,155 6,35 3,195 4,315 4,185 4,345 5,8 6,95 42,44 Transportation Capital Fund (TCF) - C&I 1, 8 6,51 11,228 23,78 29,3 41,141 19,7 11,218 12,268 12,46 12,515 178,959 TCF - HB2313 Local 9 3,245 4,785 8,36 14,25 28,482 12,995 1,668 13,535 16,972 13,743 126,711 TCF - HB2313 Regional 9 1,6 6,5 3,4 12,3 53,467 34,137 24,6 - - 2,5 147,54 Tax Increment Financing 2, 8 9 1,399 4,138 5,13 8,388 4,68 1,933 869 1,465 992 29,282 TCF Bonds 1, 8 - - 8,62 21,261 42,994 41,248 - - - - 114,123 TIF Bonds 2, 8 - - - 1,261 11,532 9,823 - - - - 22,616 Other Funding 5 1,91 6,747 5,834 29,515 24,659 18,838 1,428 2,569 1,744 2,12 14,346 Schools GO Bonds Referenda 15,78 132,6 166, 15,4 16,2 435,98 Schools Other Funds 6,913 7,241 7,458 7,681 7,912 8,15 8,394 8,646 8,95 9,174 8,474 Subtotal 272,172 16,171 362,173 322,611 647,367 33,437 22,295 167,437 26,82 198,228 2,868,973 Authorized but Unissued Bonds 6,39 17,325 6,3 - - - - - - - 29,664 Issued but Unspent Bonds 33,922 412 2 - - - - - - - 34,534 Other Previously Approved Funds 7 181,632 37,412 17,69 7,241 5,76 3,523 1,544 1,25 13 62 256,37 Subtotal 221,593 55,149 24,19 7,241 5,76 3,523 1,544 1,25 13 62 32,235 Total Funding 493,765 215,32 386,282 329,852 652,443 333,96 23,839 168,687 26,212 198,848 3,189,28 B-2
Arlington County, Virginia CIP Comparison by Program Category FY13-22 FY15-24 $ Change % Change Parks and Recreation 257,537 183,182 (74,355) -28.9% Transportation 636,287 863,353 227,66 35.7% Crystal City Streetcar 145,85 217,431 71,626 49.1% Columbia Pike Streetcar 198,999 268,121 69,122 34.7% Metro 181,15 21,65 29,5 16.3% Public/Government Facilities 354,82 243,648 (111,154) -31.3% Information Technology & Public Safety 16,14 146,665 (13,349) -8.3% Regional Partnerships & Contingencies 34,379 45,942 11,563 33.6% Community Conservation & Economic 135,526 97,148 (38,378) Development -28.3% Subtotal County Capital 2,14,499 2,276,14 171,641 8.2% Water and Sewer Infrastructure 31,577 317,734 16,157 5.4% Stormwater Management 43,289 61,28 17,991 41.6% Total County Capital 2,449,365 2,655,154 25,789 8.4% Schools Capital 538,793 534,54 (4,739) -.9% Total CIP Program 2,988,158 3,189,28 21,5 6.7% Columbia Pike Streetcar 7% Crystal City Streetcar 5% Parks and Recreation 9% Crystal City Streetcar 7% Transportation 21% Columbia Pike Streetcar 8% Transportation 27% FY13-22 CIP Public/Government Facilities Metro 6% FY15-24 CIP Public/Government Facilities Metro 7% Schools Capital 18% Parks and Recreation 6% Schools Capital 17% Information Technology & Public Safety 5% Community Conservation & Economic Development 5% Water and Sewer Infrastructure 1% Stormwater Management 1% Information Technology & Public Safety 4% Regional Partnerships & Contingencies 1% Community Conservation & Economic Development 3% Water and Sewer Infrastructure 1% Stormwater Management 2% Regional Partnerships & Contingencies 1% B-3
Arlington County, Virginia CIP Comparison by Funding Category State/Federal Funding 8% Developer Contributions 3% FY13-22 CIP General Fund GO Bond 23% FY13-22 FY15-24 $ Change % Change State/Federal Funding 231,347 338,584 17,237 46.4% Developer Contributions 77,899 95,52 17,63 22.6% General Fund GO Bond 69,918 586,9 (14,828) -15.2% Utilities GO Bond - 14, 14, 1.% PAYG 29,489 475,424 184,935 63.7% Master Lease 97,947 76,938 (21,9) -21.4% Sanitary District Tax 39,119 42,44 3,321 8.5% Other Funding 249,748 14,346 (145,42) -58.2% Transportation Capital Fund (TCF)-C&I 159,56 178,959 19,399 12.2% TCF - HB2313 Local - 126,711 126,711 1.% TCF - HB2313 Regional - 147,54 147,54 1.% TCF Bonds 185,43 114,123 (71,37) -38.5% Tax Increment Financing (TIF) 46,327 29,282 (17,45) -36.8% TIF Bonds - 22,616 22,616 1.% Schools GO Bond 412,63 435,98 23,35 5.7% Schools Other Funds 64,143 8,474 16,331 25.5% Subtotal 2,545,557 2,868,973 323,416 12.7% - Authorized but Unissued Bonds 126,169 29,664 (96,55) -76.5% Issued but Unspent Bonds 39,624 34,534 (5,9) -12.8% Other Previously Approved Funds 276,88 256,37 (2,771) -7.5% Subtotal 442,61 32,235 (122,366) -27.6% Total Funding Sources 2,988,158 3,189,28 21,5 6.7% Other Previously Approved Funds 9% Issued but Unspent Bonds 1% Authorized but Unissued Bonds 4% Utilities GO Bond % Schools Other Funds 2% Master Lease 2% PAYG 15% General Fund GO Bond 18% Developer Contributions 3% Sanitary District Tax Schools GO Bond 14% Tax Increment Financing (TIF) 2% FY 15-24 CIP Other State/Federal Funding 11% Other Previously Approved Funds 8% PAYG 1% Transportation Capital Fund (TCF)-C&I 6% Schools GO Bond 14% TCF - HB2313 Regional 5% Issued but Unspent Bonds 1% Master Lease 3% Sanitary District Tax Other Funding 8% Transportation Capital Fund TCF Bonds (TCF)-C&I 6% 5% TCF - HB2313 Local 4% TCF Bonds 4% Tax Increment Financing (TIF) 1% TIF Bonds 1% Schools Other Funds 3% Authorized but Unissued Bonds 1% B-4
Arlington County, Virginia FY 215 - FY 224 CIP ADOPTED Debt Summary (s) Page Adopted Total GO & Other BOND Funding # 214 Referenda 216 Referenda 218 Referenda 22 Referenda 222 Referenda FY 15-24 LOCAL PARKS & RECREATION C-1 Parks Maintenance Capital 1,4 11,2 1, 1, 1, 51,6 C-2 Crystal City Parks and Open Space 45 1,8 2,55 4,8 C-22 Four Mile Run Near-Stream Improvements 22 2,13 2,35 C-24 Four Urban Parks in Ballston-Virginia Square 3,6 3,6 C-26 Jennie Dean Park 1,8 12,5 14,3 C-37 Land Acquisition & Open Space 2, 2, 2, 2, 2, 1, C-33 Quincy Park 7,9 6,3 14,2 C-41 Synthetic Turf Fields 5,1 5,1 C-35 Tyrol Hill Park 1,37 1,37 C-32 Mosaic Park 3 3,8 4,1 Sub-total 13,7 2,3 24,8 26,25 27, 111,42 TRANSPORTATION E-115 Paving 15,5 18,9 2,1 21,5 22,6 98,6 E-73 Bridge Renovation 1,3 45 1,3 45 1,3 4,8 E-84 East Falls Church Streets 6 27 87 E-66 Army Navy Drive Complete Streets 7 7 E-93 Neighborhood Complete Streets 45 65 7 75 8 3,35 E-18 Transportation Systems and Traffic Signals 1, 1, 1, 1, 1, 5, E-11, E-68, WALKArlington, BikeArlington & Improvements to Major E-86 2,39 1,56 1,65 1,79 1,86 9,25 Sub-total 21,24 23,53 24,75 25,49 27,56 122,57 METRO E-1 Metro 39, 22,9 22,75 25, 3, 139,65 COMMUNITY CONSERVATION C-46 Neighborhood Conservation 12, 12, 12, 12, 12, 6, C-48 Penrose Square 5 3,8 4,3 C-51 Nauck planning / Acquisition 1,7 3,15 4,85 Sub-total 12, 13,7 15,15 12,5 15,8 69,15 PUBLIC / GOVERNMENT FACILITIES C-68 Facilities Maintenance Capital 1, 6,5 8, 8,5 9, 42, C-98 Aurora Hills Complex Interior Renovation 1,5 1,5 C-86 North Side Salt Facility 2,2 2,2 B-5
Arlington County, Virginia FY 215 - FY 224 CIP ADOPTED Debt Summary (s) Page Adopted Total GO & Other BOND Funding # 214 Referenda 216 Referenda 218 Referenda 22 Referenda 222 Referenda FY 15-24 C-88 Fire Station 8 & OEM Relocation 13,3 11,8 25,1 C-9 Fire Stations 18,3 18,3 C-82 Court Square West Building Removal 2,2 2,2 C-84 Courthouse Plaza Improvements 3,8 3,8 C-79 22 Building Conversion 4, 4, C-17 Critical Systems Infrastructure 1,2 1,2 C-114 Lubber Run Community Center 1,4 26,6 28, C-123 Land Acquisition 2, 2, C-112 Removal & Repurpose of Edison Site 3,4 3,4 C-94 Trade Center Parking Deck 3,6 3,6 C-92 Trades Center Fueling Station/Wash Bay 2,5 2,5 Sub-total 24,4 5,4 25,4 8,5 31,1 139,8 INFORMATION TECHNOLOGY/PUBLIC SAFETY D-3 ConnectArlington 3,5 3,5 Subtotal County GO Bond Referenda* 113,21 13,83 112,85 97,74 131,46 586,9 * Excludes Transportation Bonds Paid From TCF/TIF Adopted Total Schools GO Bond Funding 214 Referenda 216 Referenda 218 Referenda 22 Referenda 222 Referenda FY 15-24 G-33 Total Bond Referenda 15,78 132,6 166, 15,4 16,2 435,98 Adopted Total Total Bond Referenda 214 Referenda 216 Referenda 218 Referenda 22 Referenda 222 Referenda FY 15-24 School and County 218,99 263,43 278,85 113,14 147,66 1,22,7 Adopted Total Master Lease Funding FY 215 FY 216 FY 217 FY 218 FY 219 FY 22 FY 221 FY 222 FY 223 FY 224 FY 15-24 D-3 Enterprise IT Refreshment 3,217 2,934 3,51 4,317 4,22 3,53 2,694 3,136 3,319 3,462 34,33 D-17 Public Safety IT & Equipment Refreshment 982 3,156 4,495 3,911 4,136 3,216 2,77 1,778 2,84 6,35 32,5 D-18 Auto Fund - Fire Vehicle Apparatus 2,928 2,33 1,682 3,465 1,18 Total Master Lease Funding 4,199 6,9 7,996 11,156 8,356 8,779 7,83 8,379 5,43 9,497 76,938 Total Debt Funding 229,279 282,582 295,985 128,62 162,56 1,99,8 B-6
Arlington County, Virginia FY 215 - FY 224 ADOPTED CIP PAYG Summary (s) page Adopted Total # PAYG Funding FY 215 FY 216 FY 217 FY 218 FY 219 FY 22 FY 221 FY 222 FY 223 FY 224 FY15-24 MAINTENANCE CAPITAL E3 Transportation (pg E17, 25, 31, 8, 18, 113, 115) 6,991 3,653 3,895 3,949 4,28 3,952 3,894 4,86 4,12 4,534 43,282 C68 Public Facilities 2,274 3,767 4,244 4,48 3,939 4,57 4,179 4,35 4,434 4,567 4,174 C1 Parks and Recreation 2,421 3,351 3,451 3,555 3,661 3,771 3,884 4,1 4,121 4,244 36,46 D4 Enterprise Information Technology 399 5,117 2,175 1,16 3,945 3,994 1,32 2,232 2,844 3,2 26,44 D17 Public Safety IT and Equipment 1,11 69 3,494 2,24 3,852 7,892 3,826 1,877 1,716 4,461 31,32 C96 Americans with Disabilities Act - 412-437 - 232 - - - - 1,81 C118 Energy Efficiency 346 572 446 47 68 533 597 615 633 652 5,472 Sub-Total 13,532 17,481 17,75 16,39 2,213 24,431 17,682 17,116 17,868 21,478 183,545 REGIONAL PROGRAMS C6 Northern Va Community College 441 59 579 594 69 624 639 655 672 689 6,11 C6 Northern Va Regional Park Authority 568 582 597 612 627 643 659 675 692 79 6,364 C7 Peumansend Creek Regional Jail Authority 132 125 118 - - - - - - - 375 C6 Northern Va Criminal Justice Academy 146 146 146 146 146 146 146 146 146 146 1,46 Sub-Total 1,287 1,362 1,44 1,352 1,382 1,413 1,444 1,476 1,51 1,544 14,21 OTHER CAPITAL PROJECTS C46 Neighborhood Conservation 5 546 563 58 597 615 633 652 672 692 6,5 E9 Neighborhood Complete Streets 1 - - - - - - - - - 1 E16 Streetlighting 1,5 1,82 318 328 338 348 358 369 38 391 4,962 E68, 75, 86 Bicycle and Pedestrian Safety Projects 918 887 96 928 981 997 1,248 1,516 1,551 1,596 11,528 E84 East Falls Church 3 2 5 E96 Parking Meters 5 161 297 36 315 232 239 246 253 261 2,36 E1 Regulatory Signage 65 66 68 7 72 74 76 79 81 84 735 E57 Transit Development Plan & ART Asset Mgmt Plan - 376 - - - - 263 178 - - 817 E59 Transit ITS and Security Program 95 98 11 14 17 11 113 117 12 124 1,89 E11 WALKArlington 16 19 112 115 118 12 124 125 13 13 1,189 C39 Park Enhancement Grants - 112 12 127 134 143 152 16 17 18 1,298 C57 Public Art & Public Benefit Spaces - 57 59 63 968 71 75 8 85 9 1,548 C41 Synthetic Fields 989 976 1,61 1,97 2,971 2,166 1,254 1,211 1,73 3,719 17,327 C22 Four Mile Run - - - 1,1 - - - - - - 1,1 D31 ConnectArlington/ CNET 1,6 - - - - - - - - - 1,6 D13, 15 Capital Project Management, Work Order Management System - - 159 1,858 647 1,971 57 - - - 5,142 C13 Barcroft Gymnastics Expansion - 393 - - - - - - - 393 C15 Central Library Refresh - 979 - - - - - - - - 979 C73,77 Facilities Planning, FFE & Other 86 1,546 1,124 926 965 1,8 1,52 1,95 1,145 1,193 1,86 C84 Courthouse Plaza Improvements - Future of Work 35 1,4 - - - - - - - - 1,75 C126 District Energy - - 186 219 225 174 179 184 19 489 1,846 C17 Critical Systems Infrastructure - - - 6 8 - - 75 115-33 C19 DHS Consolidation 6 - - - - - - - - - 6 C37 Parks Land Acqusition 1,5 - - - - - - - - - 1,5 C123 Land Acquisition 1,44 - - - - - - - - - 1,44 C7 Capital Contingency & Joint County-Schools Contigency 132 2, 4, 2, 4, 2, 4, 2, 4, 2, 26,132 Sub-Total 1,61 1,595 9,467 1,691 12,518 1,29 1,273 8,87 9,965 1,949 13,175 Total PAYG Funding 11,888 29,438 28,612 28,82 34,113 35,873 29,399 26,679 29,343 33,971 117,385 B-7
Arlington County, Virginia General Obligation Bond Referenda Adopted FY 213 - FY 222 to Adopted FY 215 - FY 224 Adopted FY 213 - FY 222 CIP Adopted FY 215 - FY 224 CIP Adopted Total Adopted Total GO & Other BOND Funding 212 214 216 218 222 FY 13-22 214 216 218 22 222 FY 15-24 LOCAL PARKS & RECREATION Parks Maintenance Capital 6,868 12,45 13,16 1, 1, 52,433 1,4 11,2 1, 1, 1, 51,6 Crystal City Parks and Open Space 289 2,983 316 3,357 6,945 45 1,8 2,55 4,8 Four Mile Run Near-Stream Improvements 219 2,122 1,126 11,941 15,48 22 2,13 2,35 Four Urban Parks in Ballston-Virginia Square 563 2,985 3,167 6,715 3,6 3,6 Jennie Dean Park 5,835 6,19 6,567 6,968 25,56 1,8 12,5 14,3 Land Acquisition & Open Space 1, 3, 4,441 3, 3, 14,441 2, 2, 2, 2, 2, 1, Quincy Park 7,9 6,3 14,2 Synthetic Turf Fields 2,185 2,185 5,1 5,1 Tyrol Hill Park 185 1,591 1,776 1,37 1,37 Glebe and Randolph Park 299 3,167 3,466 Ballston Pond 988 988 Mosaic Park 328 3,294 3,622 3 3,8 4,1 Long Bridge Park 42,5 3,914 46,414 Sub-total 5,553 25,524 29,459 24,621 49,796 179,953 13,7 2,3 24,8 26,25 27, 111,42 TRANSPORTATION Paving 13,195 13,999 14,851 15,756 16,715 74,516 15,5 18,9 2,1 21,5 22,6 98,6 Long Bridge Interchange 2,5 5,835 8,335 Route 1 Streetcar 2, 2, ART (Heavy Maintenance Facility) 3,183 3,183 Bridge Renovation 3 2,228 1,238 5,15 253 9,34 1,3 45 1,3 45 1,3 4,8 Match for State & Federal Projects 3 1,166 1,2 597 633 3,626 6 97 1,57 Neighborhood Complete Streets 45 65 7 75 8 3,35 Transportation Systems and Traffic Signals 1, 1, 1, 1, 1, 5, WALKArlington, BikeArlington & Improv Major Travel Corridors O/S Principal B 1,321 1,383 1,469 1,558 1,652 7,383 2,39 1,56 1,65 1,79 1,86 9,25 Sub-total 17,346 27,794 38,758 22,926 19,253 126,77 21,24 23,53 24,75 25,49 27,56 122,57 METRO Metro 14,6 39, 22,9 22,75 25, 124,25 39, 22,9 22,75 25, 3, 139,65 COMMUNITY CONSERVATION Neighborhood Conservation 11, 11, 11, 12, 12, 57, 12, 12, 12, 12, 12, 6, Penrose Square 298 2,346 2,644 5 3,8 4,3 Nauck Planning/Acquisition 1,688 3,164 4,852 1,7 3,15 4,85 Sub-total 11, 11, 12,986 17,51 12, 64,496 12, 13,7 15,15 12,5 15,8 69,15 B-8
Arlington County, Virginia General Obligation Bond Referenda Adopted FY 213 - FY 222 to Adopted FY 215 - FY 224 Adopted FY 213 - FY 222 CIP Adopted FY 215 - FY 224 CIP Adopted Total Adopted Total GO & Other BOND Funding 212 214 216 218 222 FY 13-22 214 216 218 22 222 FY 15-24 PUBLIC / GOVERNMENT FACILITIES Facilities Maintenance Capital 3,625 7, 6, 7, 7, 3,625 1, 6,5 8, 8,5 9, 42, Alternate Emergency Communication Center 5 3, 3,5 North Side Salt Facility / 26th Street Planning 26 2,185 2,391 2,2 2,2 Fire Station 8 & OEM Relocation 13,3 11,8 25,1 Fire Stations 1,4 8,61 17,22 27,23 18,3 18,3 Court Square West Building Removal 1,77 1,77 2,2 2,2 Courthouse Square Planning / Future of Work 15,873 24,597 4,47 3,8 3,8 Homeless Services Center Building conversion 4, 4, Columbia Pike Library Refresh 1,284 1,284 Courts/Police Building Interior Renovation 5,39 6,588 11,627 Critical Systems Infrastructure 1,2 1,2 Police and Sheriff Pistol Firing Range 2,5 2,5 Lubber Run Community Center 1,414 25,71 27,124 1,4 26,6 28, Land Acquisition 2, 3, 3, 3, 11, 2, 2, Removal & Repurpose of Edison Site 3,4 3,4 Trade Center Parking Deck 3,134 3,134 3,6 3,6 Trade Center Storage Building 1,545 15,914 17,459 Trades Center Fueling Station/Wash Bay 2,5 2,5 Sub-total 3,831 16,364 4,37 66,781 53,11 18,114 24,4 5,4 25,4 8,5 31,1 139,8 INFORMATION TECHNOLOGY/PUBLIC SAFETY ConnectArlington / Intelligent Transp. Systems 13,475 4,25 17,5 3,5 3,5 Sub-total 3,831 16,364 4,37 66,781 53,11 18,114 3,5 3,5 TOTAL GO Bond Referenda* 11,85 123,77 144,14 154,588 159,15 692,39 113,21 13,83 112,85 97,74 131,46 586,9 * Excludes Transportation Bonds Paid From TCF/TIF B-9
ARLINGTON COUNTY, VIRGINIA FY 215 - FY 224 CIP DETAIL (s) REGIONAL PARTNERSHIPS AND FY 15 FY 16 FY 17 FY 18 FY 19 FY 2 FY 21 FY 22 FY 23 FY 24 FY Total CONTINGENCIES Federal Funding State Funding Developer Contributions New Bond Issue PAYG 1,419 3,362 5,44 3,352 5,382 3,413 5,444 3,476 5,51 3,544 4,342 Master Lease Sanitary District Tax Other Funding Subtotal 1,419 3,362 5,44 3,352 5,382 3,413 5,444 3,476 5,51 3,544 4,342 Authorized but Unissued Bonds Issued but Unspent Bonds Other Previously Approved Funds 5,6 5,6 Subtotal 5,6 5,6 Total Funding Sources 7,19 3,362 5,44 3,352 5,382 3,413 5,444 3,476 5,51 3,544 45,942 LOCAL PARKS AND RECREATION FY 15 FY 16 FY 17 FY 18 FY 19 FY 2 FY 21 FY 22 FY 23 FY 24 FY Total PROGRAMS Federal Funding State Funding Developer Contributions New Bond Issue 7,2 5,87 1,67 9,63 15,2 9,6 13, 13,25 19, 8, 111,42 PAYG 4,91 4,439 4,632 6,689 6,766 6,8 5,29 5,372 5,364 8,143 57,685 Master Lease Sanitary District Tax Other Funding 659 65 83 1,443 714 1,45 5,341 Subtotal 12,769 1,959 15,32 17,149 21,966 17,123 18,29 18,622 25,78 17,188 174,446 Authorized but Unissued Bonds Issued but Unspent Bonds Other Previously Approved Funds 5,492 2,183 1,61 8,736 Subtotal 5,492 2,183 1,61 8,736 Total Funding Sources 18,261 13,142 16,363 17,149 21,966 17,123 18,29 18,622 25,78 17,188 183,182 B-1
ARLINGTON COUNTY, VIRGINIA FY 215 - FY 224 CIP DETAIL (s) COMMUNITY CONSERVATION FY 15 FY 16 FY 17 FY 18 FY 19 FY 2 FY 21 FY 22 FY 23 FY 24 FY Total Federal Funding State Funding Developer Contributions New Bond Issue 6, 6, 7,7 6, 7,6 7,55 6,5 6, 9,8 6, 69,15 PAYG 5 546 563 58 597 615 633 652 672 692 6,5 Master Lease Sanitary District Tax Other Funding Subtotal 6,5 6,546 8,263 6,58 8,197 8,165 7,133 6,652 1,472 6,692 75,2 Authorized but Unissued Bonds 2,3 6, 6,3 14,6 Issued but Unspent Bonds 3,7 3,7 Other Previously Approved Funds Subtotal 6, 6, 6,3 18,3 Total Funding Sources 12,5 12,546 14,563 6,58 8,197 8,165 7,133 6,652 1,472 6,692 93,5 ECONOMIC DEVELOPMENT FY 15 FY 16 FY 17 FY 18 FY 19 FY 2 FY 21 FY 22 FY 23 FY 24 FY Total Federal Funding State Funding Developer Contributions 1,8 1 1,9 New Bond Issue PAYG 57 59 63 968 71 75 8 85 9 1,548 Master Lease Sanitary District Tax Other Funding Subtotal 57 59 63 2,768 71 75 8 85 19 3,448 Authorized but Unissued Bonds Issued but Unspent Bonds Other Previously Approved Funds 1 1 2 Subtotal 1 1 2 Total Funding Sources 57 159 63 2,768 71 75 8 85 29 3,648 B-11
ARLINGTON COUNTY, VIRGINIA FY 215 - FY 224 CIP DETAIL (s) PUBLIC / GOVERNMENT FY 15 FY 16 FY 17 FY 18 FY 19 FY 2 FY 21 FY 22 FY 23 FY 24 FY Total FACILITIES Federal Funding State Funding Developer Contributions New Bond Issue 17,2 7,2 18, 32,4 19,6 5,8 4,2 4,3 8,2 22,9 139,8 PAYG 5,816 8,676 6,393 6,52 5,817 6,4 6,7 6,274 6,517 6,91 64,925 Master Lease Sanitary District Tax Other Funding 8,719 781 77 3,37 13 83 46 65 15,71 Subtotal 31,735 16,657 25,163 42,29 25,547 12,634 1,667 11,224 14,717 29,81 22,435 Authorized but Unissued Bonds 25 3,725 3,93 Issued but Unspent Bonds 1,572 1,572 Other Previously Approved Funds 17,711 17,711 Subtotal 19,488 3,725 23,213 Total Funding Sources 51,223 2,382 25,163 42,29 25,547 12,634 1,667 11,224 14,717 29,81 243,648 METRO FY 15 FY 16 FY 17 FY 18 FY 19 FY 2 FY 21 FY 22 FY 23 FY 24 FY Total Federal Funding State Funding 4, 4, 4, 4, 4, 4, 4, 4, 4,5 4,5 41, Developer Contributions New Bond Issue 22,6 16,4 12,4 1,5 11, 11,75 12,5 12,5 15, 15, 139,65 PAYG Master Lease Sanitary District Tax Other Funding Transportation Capital Fund (TCF)-C&I 4, 5, 5, 5, 19, TCF - HB2313 Local 2, 2, 2, 5, 11, Subtotal 26,6 2,4 16,4 14,5 15, 15,75 22,5 23,5 26,5 29,5 21,65 Authorized but Unissued Bonds Issued but Unspent Bonds Other Previously Approved Funds Subtotal Total Funding Sources 26,6 2,4 16,4 14,5 15, 15,75 22,5 23,5 26,5 29,5 21,65 B-12
ARLINGTON COUNTY, VIRGINIA FY 215 - FY 224 CIP DETAIL (s) TRANSPORTATION FY 15 FY 16 FY 17 FY 18 FY 19 FY 2 FY 21 FY 22 FY 23 FY 24 FY Total Federal Funding 2,32 2,842 2,791 1,693 2,789 2,159 3,291 2,23 3,4 2,35 25,532 State Funding 5,971 8,797 29,928 45,734 98,213 55,5 4,772 5,285 7,538 1,264 271,552 Developer Contributions 15,4 3,585 3,69 1,6 1,555 25,83 New Bond Issue 9,37 11,87 12,15 11,38 11,65 13,1 12,62 12,87 14,23 13,33 122,57 PAYG 9,675 6,632 5,697 5,8 6,139 5,833 6,315 6,716 6,635 7,12 66,562 Master Lease Sanitary District Tax Other Funding 2,399 2,399 22,774 22,772 15,625 65,969 Transportation Capital Fund (TCF)-C&I 6,51 11,228 23,78 29,3 41,141 19,7 7,218 7,268 7,46 7,515 159,959 TCF - HB2313 Local 3,245 4,785 8,36 14,25 28,482 12,995 8,668 11,535 14,972 8,743 115,711 TCF - HB2313 Regional 1,6 6,5 3,4 12,3 53,467 34,137 24,6 2,5 147,54 TCF Bonds 8,62 21,261 42,994 41,248 114,123 Tax Increment Financing (TIF) 9 1,399 4,138 5,13 8,388 4,68 1,933 869 1,465 992 29,282 TIF Bonds 1,261 11,532 9,823 22,616 Subtotal 47,844 56,452 1,867 17,883 342,967 213,18 73,2 5,463 57,3 54,324 1,167,21 Authorized but Unissued Bonds 2,284 2,284 Issued but Unspent Bonds 11,858 412 2 12,47 Other Previously Approved Funds 112,415 27,644 16,48 5,741 3,251 1,548 294 166,941 Subtotal 126,557 28,56 16,248 5,741 3,251 1,548 294 181,695 Total Funding Sources 174,41 84,58 117,115 176,624 346,218 214,656 73,296 5,463 57,3 54,324 1,348,95 WATER AND SEWER FY 15 FY 16 FY 17 FY 18 FY 19 FY 2 FY 21 FY 22 FY 23 FY 24 FY Total INFRASTRUCTURE Federal Funding State Funding Developer Contributions 5, 6,173 6,364 6,555 6,753 6,956 7,164 7,379 7,6 7,828 67,772 New Bond Issue 7, 7, 14, PAYG 12,511 14,816 17,613 21,478 23,123 17,176 16,355 18,643 16,922 15,857 174,494 Master Lease Sanitary District Tax Other Funding 1,18 2,69 2,61 2,541 913 94 968 997 1,3 1,57 14,917 Subtotal 18,691 23,679 33,578 37,574 3,789 25,72 24,487 27,19 25,552 24,742 271,183 Authorized but Unissued Bonds 1,25 7,6 8,85 Issued but Unspent Bonds 4,192 4,192 Other Previously Approved Funds 32,999 51 33,59 Subtotal 38,441 8,11 46,551 Total Funding Sources 57,132 31,789 33,578 37,574 3,789 25,72 24,487 27,19 25,552 24,742 317,734 B-13
ARLINGTON COUNTY, VIRGINIA FY 215 - FY 224 CIP DETAIL (s) STORMWATER MANAGEMENT FY 15 FY 16 FY 17 FY 18 FY 19 FY 2 FY 21 FY 22 FY 23 FY 24 FY Total Federal Funding State Funding 5 5 Developer Contributions New Bond Issue PAYG Master Lease Sanitary District Tax 2,27 2,775 3,155 6,35 3,195 4,315 4,185 4,345 5,8 6,95 42,44 Other Funding Subtotal 2,77 2,775 3,155 6,35 3,195 4,315 4,185 4,345 5,8 6,95 42,94 Authorized but Unissued Bonds Issued but Unspent Bonds Other Previously Approved Funds 2,415 7,75 4 1,5 1,825 1,975 1,25 1,25 13 52 18,34 Subtotal 2,415 7,75 4 1,5 1,825 1,975 1,25 1,25 13 52 18,34 Total Funding Sources 5,185 9,85 3,555 7,85 5,2 6,29 5,435 5,595 5,93 6,615 61,28 INFORMATION FY 15 FY 16 FY 17 FY 18 FY 19 FY 2 FY 21 FY 22 FY 23 FY 24 FY Total TECHNOLOGY/EQUIPMENT Federal Funding State Funding Developer Contributions New Bond Issue 3,5 3,5 PAYG 3,1 5,726 5,828 5,78 8,444 13,857 5,635 4,19 4,56 7,481 63,818 Master Lease 4,199 6,9 7,996 11,156 8,356 8,779 7,83 8,379 5,43 9,497 76,938 Sanitary District Tax Other Funding 352 227 64 844 922 2,49 Subtotal 11,151 12,43 13,888 16,234 17,644 22,636 12,718 13,41 9,963 16,978 146,665 Authorized but Unissued Bonds Issued but Unspent Bonds Other Previously Approved Funds Subtotal Total Funding Sources 11,151 12,43 13,888 16,234 17,644 22,636 12,718 13,41 9,963 16,978 146,665 B-14
ARLINGTON COUNTY, VIRGINIA FY 215 - FY 224 CIP DETAIL (s) County CIP FY 15 FY 16 FY 17 FY 18 FY 19 FY 2 FY 21 FY 22 FY 23 FY 24 1 Year Total Federal Funding 2,32 2,842 2,791 1,693 2,789 2,159 3,291 2,23 3,4 2,35 25,532 State Funding 1,471 12,797 33,928 49,734 12,213 59,5 8,772 9,285 12,38 14,764 313,52 Developer Contributions 5, 6,173 6,364 6,555 23,953 6,956 1,749 11,69 9,2 9,483 95,52 GO Bond Issue-General Fund & Utility Fund 65,87 47,34 67,92 76,91 65,5 47,8 48,82 48,92 66,23 65,23 6,9 PAYG-General Fund & Utility Fund 37,931 44,254 46,225 49,56 57,236 53,49 45,754 45,322 46,265 49,828 475,424 Master Lease 4,199 6,9 7,996 11,156 8,356 8,779 7,83 8,379 5,43 9,497 76,938 Sanitary District Tax 2,27 2,775 3,155 6,35 3,195 4,315 4,185 4,345 5,8 6,95 42,44 Other Funding 1,91 6,747 5,834 29,515 24,659 18,838 1,428 2,569 1,744 2,12 14,346 Transportation Capital Fund (TCF)-C&I 6,51 11,228 23,78 29,3 41,141 19,7 11,218 12,268 12,46 12,515 178,959 TCF - HB2313 Local 3,245 4,785 8,36 14,25 28,482 12,995 1,668 13,535 16,972 13,743 126,711 TCF - HB2313 Regional 1,6 6,5 3,4 12,3 53,467 34,137 24,6 2,5 147,54 TCF Bonds 8,62 21,261 42,994 41,248 114,123 Tax Increment Financing (TIF) 9 1,399 4,138 5,13 8,388 4,68 1,933 869 1,465 992 29,282 TIF Bonds 1,261 11,532 9,823 22,616 Subtotal 159,479 152,93 222,115 314,93 473,455 322,287 172,51 151,791 173,977 179,54 2,352,519 Authorized but Unissued Bonds 6,39 17,325 6,3 29,664 Issued but Unspent Bonds 21,322 412 2 21,934 Other Previously Approved Funds 176,632 37,412 17,69 7,241 5,76 3,523 1,544 1,25 13 62 251,37 Subtotal 23,993 55,149 24,19 7,241 5,76 3,523 1,544 1,25 13 62 32,635 Total Funding Sources 363,472 28,79 246,224 322,171 478,531 325,81 174,45 153,41 174,17 179,674 2,655,154 Schools CIP Schools GO Bonds Referenda 15,78 132,6 166, 15,4 16,2 435,98 Schools Other Funds 6,913 7,241 7,458 7,681 7,912 8,15 8,394 8,646 8,95 9,174 8,474 Subtotal 112,693 7,241 14,58 7,681 173,912 8,15 23,794 8,646 25,15 9,174 516,454 Issued but Unspent Bonds 12,6 12,6 Other Previously Approved Funds 5, 5, Subtotal 17,6 17,6 Total Funding Sources 13,293 7,241 14,58 7,681 173,912 8,15 23,794 8,646 25,15 9,174 534,54 B-15
ARLINGTON COUNTY, VIRGINIA FY 215 - FY 224 CIP DETAIL (s) Combined CIP Federal Funding 2,32 2,842 2,791 1,693 2,789 2,159 3,291 2,23 3,4 2,35 25,532 State Funding 1,471 12,797 33,928 49,734 12,213 59,5 8,772 9,285 12,38 14,764 313,52 Developer Contributions 5, 6,173 6,364 6,555 23,953 6,956 1,749 11,69 9,2 9,483 95,52 GO Bond Issue-General Fund & Utility Fund 65,87 47,34 67,92 76,91 65,5 47,8 48,82 48,92 66,23 65,23 6,9 PAYG-General Fund & Utility Fund 37,931 44,254 46,225 49,56 57,236 53,49 45,754 45,322 46,265 49,828 475,424 Master Lease 4,199 6,9 7,996 11,156 8,356 8,779 7,83 8,379 5,43 9,497 76,938 Sanitary District Tax 2,27 2,775 3,155 6,35 3,195 4,315 4,185 4,345 5,8 6,95 42,44 Other Funding 1,91 6,747 5,834 29,515 24,659 18,838 1,428 2,569 1,744 2,12 14,346 Transportation Capital Fund (TCF)-C&I 6,51 11,228 23,78 29,3 41,141 19,7 11,218 12,268 12,46 12,515 178,959 TCF - HB2313 Local 3,245 4,785 8,36 14,25 28,482 12,995 1,668 13,535 16,972 13,743 126,711 TCF - HB2313 Regional 1,6 6,5 3,4 12,3 53,467 34,137 24,6 2,5 147,54 TCF Bonds 8,62 21,261 42,994 41,248 114,123 Tax Increment Financing (TIF) 9 1,399 4,138 5,13 8,388 4,68 1,933 869 1,465 992 29,282 TIF Bonds 1,261 11,532 9,823 22,616 Schools GO Bonds Referenda 15,78 132,6 166, 15,4 16,2 435,98 Schools Other Funds 6,913 7,241 7,458 7,681 7,912 8,15 8,394 8,646 8,95 9,174 8,474 Subtotal 272,172 16,171 362,173 322,611 647,367 33,437 22,295 167,437 26,82 198,228 2,868,973 Authorized but Unissued Bonds 6,39 17,325 6,3 29,664 Issued but Unspent Bonds 33,922 412 2 34,534 Other Previously Approved Funds 181,632 37,412 17,69 7,241 5,76 3,523 1,544 1,25 13 62 256,37 Subtotal 221,593 55,149 24,19 7,241 5,76 3,523 1,544 1,25 13 62 32,235 Total Funding Sources 493,765 215,32 386,282 329,852 652,443 333,96 23,839 168,687 26,212 198,848 3,189,28 B-16
Arlington County, Virginia Debt Capacity Analysis In developing the CIP, the County establishes its long-range plan for pay-as-you-go (PAYG) and bond/lease purchase financing of its tenyear capital program. In determining the level of capital projects to finance and the method of financing, the County considers its financial ability to undertake these projects. This analysis includes a review of debt capacity factors and the impact of the adopted CIP on these debt capacity factors. In April 28, the County Board approved financial and debt management policies that affirmed the County s existing debt capacity factors. The policies also included guidance on bond term and amortization, specifically that bond-funded projects will typically have a useful life at least as long as the period over which the bonds will be repaid (the average life of County bonds is 11-12 years and final maturity is generally twenty years; however, longer terms may be considered on very long useful life projects). Finally, the Board s policies provided guidance on the use of variable rate debt and derivatives. As part of the FY 215 FY 224 CIP, the Board adopted revisions to the financial and debt management policies. These policies serve as the financial framework for the CIP, and a full copy of the adopted policies is included in the Financial & Debt Management Policies section. The bond rating agencies that rate the County s debt for potential investors use these debt ratios, coupled with other County and community economic factors. The three major bond rating agencies, Moody s Investors Service, Standard & Poor s, and Fitch Ratings currently rate the County Aaa/AAA /AAA (the highest possible). Arlington is one of a select national group of counties that currently hold these coveted Aaa/AAA/AAA ratings from the three major rating agencies. The County's bond ratings were reaffirmed in April 214 and historical County bond trading in the secondary market confirm that Arlington belongs within the very top group of municipal credits in the national bond market. The funding levels contained in this CIP would maintain this status. While there is no legal limit in Virginia on the level of debt issued by Virginia counties, Arlington has issued and plans to issue its debt prudently. Arlington will remain within the acceptable range of debt capacity factors with the CIP based on conservative assumptions, as illustrated on the following pages. B-17
Underlying Assumptions The projected ratios shown in the following tables are based on both the County and Schools Adopted FY 215 FY 214 CIP s. It is important to note that the County s financial and debt management policies view debt capacity on a combined basis (i.e., County and Schools) as do the bond rating agencies. The projected debt ratios are based on conservative revenue growth assumptions: 2.1% growth in FY 215, 2% in FY 216 FY 218 and 3% thereafter. Similarly conservative assumptions have been used for projected growth in market value of the County s tax base (identical to revenue growth assumptions) and per capita income growth of 2 percent annually. It should be noted that these debt ratios include only general obligation and other tax-supported debt, including bonds issued through the Industrial Development Authority (IDA) or other conduit issuers for County projects where debt service is paid for from the General Fund. For example, these ratios include the subject-to-appropriation IDA revenue bonds issued in FY 213 for the Buckingham Village 3 land acquisition financing and the acquisition and construction of new office space and year-round homeless shelter. The ratios do not include bonds where the County has provided a moral obligation pledge as credit support to a project (e.g., the Kettler Iceplex facility or the Gates of Ballston project). In charts C and D of this section, the customary general obligation debt to the tax base ratio chart has been amended to also show the effect of moral obligation or subject-to-appropriation backed capital financing. The ratios do not include debt that is supported by user fees from enterprise funds, including debt included for Utilities Fund and Ballston Garage. Finally, consistent with the County s financial and debt management policies, this analysis does not include revenue bonds anticipated to be issued for transportation projects and supported by the commercial real estate tax or the Crystal City Potomac Yard Pentagon City tax increment financing area. Projected Debt Ratios Ratio of Debt Service to General Expenditures No Greater Than 1% -- Over the ten-year planning period, this ratio will range from 8.5% to 9.6%, peaking in FY 221. Outstanding Debt as Percentage of Market Valuation of Tax Base No Greater than 3% -- The amount of debt that the County carries is moderate when compared to its tax base. For example, in FY 1978 the County's outstanding General Fund serviced tax-supported general obligation debt equaled 2.54%. At the end of FY 213, this ratio was 1.37%. This ratio is projected to range from 1.28% to 1.64% over the ten year planning period. Ratio of Debt per Capita to Per Capita Income No Greater than 6% -- The County estimates that the Debt to Income ratio will range from 5.2% to 4.2%, assuming 2% growth in per capita income. Growth in Debt Service over the Ten Year Planning Period No Greater than Ten-Year Historical Growth in Revenues Average annual growth in debt service is estimated at 4.2% compared to historical average ten-year revenue growth of 5.2%. B-18
Chart A Arlington County, Virginia Debt Ratio Forecast Adopted FY 215 - FY 224 CIP FY 215 FY 216 FY 217 FY 218 FY 219 FY 22 FY 221 FY 222 FY 223 FY 224 Adopted GENERAL OBLIGATION BONDS - COUNTY 97,861, 61,94, 6,92, 69,91, 65,5, 47,8, 48,82, 48,92, 66,23, 65,23, GENERAL OBLIGATION BONDS - SCHOOLS 58,31, 33,2, 69,, 6,4, 52,, 45,5, 57,, 44,4, 8,, 8,2, GENERAL OBLIGATION BONDS RETIRED 62,446,548 68,946,463 72,881,229 75,7,132 79,79,163 8,945,618 85,546,959 86,81,475 134,314,293 137,255,513 NET TAX-SUPPORTED GENERAL OBLIGATION BONDS AT END OF FISCAL YEAR (2) 928,316,33 954,59,867 1,11,548,638 1,66,158,56 1,13,499,343 1,115,853,725 1,136,126,766 1,142,645,291 1,82,56,999 1,18,735,486 SUBJECT-TO-APPROPRIATION BOND ISSUANCE - SUBJECT-TO-APPROPRIATION BONDS RETIRED 9,316,926 4,595,311 4,62,374 4,68,114 4,651,145 4,689,522 4,732,899 4,779,984 4,832,7 4,877,864 NET TAX-SUPPORTED BONDS AT END OF FISCAL YEAR (3) 1,35,82,865 1,57,419,91 1,19,855,487 1,159,857,241 1,192,546,934 1,2,211,794 1,215,751,937 1,217,49,478 1,152,574,115 1,83,87,738 SCHOOLS DEBT SERVICE 45,237,778 48,154,144 49,951,458 54,487,7 58,495,77 59,514,121 62,26,153 64,13,573 65,544,563 64,231,48 COUNTY DEBT SERVICE (4) 62,534,246 65,164,446 69,23,192 7,459,89 74,1,25 76,88,986 8,99,27 8,847,75 82,296,34 84,539,711 TOTAL TAX SUPPORTED DEBT SERVICE 17,772,24 113,318,59 119,181,65 124,946,96 132,496,282 136,395,18 142,125,36 144,951,277 147,84,92 148,771,191 % GROWTH IN TAX-SUPPORTED DEBT SERVICE - COUNTY -.3% 4.2% 6.2% 1.8% 5.% 3.9% 4.2%.9% 1.8% 2.7% TEN-YEAR AVERAGE (No Greater than 5.22%) 3.9% % GROWTH IN TAX-SUPPORTED DEBT SERVICE - COUNTY/SCHOOLS.3% 5.1% 5.2% 4.8% 6.% 2.9% 4.2% 2.% 2.%.6% TEN-YEAR AVERAGE (No Greater than 5.22%) 4.2% CIP General Government Expenditures (2.6% less $7MM) 1,23,821,43 1,255,437,463 1,28,546,213 1,36,157,137 1,345,341,851 1,385,72,17 1,427,273,17 1,47,91,365 1,514,194,16 1,559,619,929 1,271,677,593 1,297,111,145 1,323,53,368 1,349,514,435 1,389,999,868 1,431,699,864 1,474,65,86 1,518,89,386 1,564,457,98 1,611,39,81 5.49% 2.% 2.% 2.% 3.% 3.% 3.% 3.% 3.% 3.% DEBT SERVICE AS % OF EXPENDITURES (NOT TO EXCEED 1%) 8.47% 8.74% 9.1% 9.26% 9.53% 9.53% 9.64% 9.54% 9.45% 9.23% DS/GenEx under CIP Expenditures 8.76% 9.3% 9.31% 9.57% 9.85% 9.84% 9.96% 9.86% 9.76% 9.54% MARKET VALUATION OF TAXABLE PROPERTY (6) 66,683,398,835 68,17,66,812 69,377,48,148 7,764,956,311 72,887,95, 75,74,542,15 77,326,778,415 79,646,581,767 82,35,979,22 84,497,58,597 1.37% 2.% 2.% 2.% 3.% 3.% 3.% 3.% 3.% 3.% NET TAX SUPPORTED DEBT AS % OF MARKET VALUATION (3%) 9 1.55% 1.55% 1.6% 1.64% 1.64% 1.6% 1.57% 1.53% 1.4% 1.28% POPULATION (7) 222,9 225,54 228,18 23,82 233,46 236,1 238,37 24,64 242,91 245,18 DEBT PER CAPITA $4,647 $4,688 $4,864 $5,25 $5,18 $5,83 $5,1 $5,59 $4,745 $4,421 INCOME PER CAPITA (8) $86,3 $88,26 $89,787 $91,582 $93,414 $95,282 $97,188 $99,132 $11,114 $13,136 NET TAX-SUPPORTED GENERAL OBLIGATION DEBT TO INCOME (NOT TO EXCEED 6%) 5.4% 5.3% 5.4% 5.5% 5.5% 5.3% 5.2% 5.1% 4.7% 4.3% (1) Assumes 4.5% interest on CY 214 and CY 215 Bonds. 5% interest rate assumed on all other bond issuance (2) Excludes Utilities, Transportation Capital Fund and Crystal City TIF bonds (3) Excludes credit support commitments on revenue bonds or lease-backed bond financings, includes IDA Bonds supported by the County's General Fund. For Subject to Appropriation debts, see Chart C. (4) Includes both General Obligation and Subject to Appropriation debt. Excludes Transportation Capital Fund Debt Service (5) Includes expenditures of General Fund and certain Special Revenue Funds of the County and School Board. Assumes 2% in FY 216-218, 3% in FY219 and beyond (6) Includes real and personal property. Assumes 2% in FY 216-218, 3% in FY219 and beyond (7) Population growth as estimated by the Arlington County Planning Division and MWCOG Round 8.2 Forecasts. (8) Source: Arlington County planning division 214 estimates. Assumes 2% growth (9)Maximum lowered to 3% from 4% as part of the revised debt policies in the Adopted FY 215 - FY 224 CIP B-19
Chart B 1.5% Ratio of Tax Supported Debt Service to General Expenditures Adopted FY 215 FY 224 CIP (NOT TO EXCEED 1%) 1.% 9.5% 9.% 8.5% 8.% 7.5% 215 216 217 218 219 22 221 222 223 224 Projection 8.5% 8.7% 9.% 9.3% 9.5% 9.5% 9.6% 9.5% 9.4% 9.2% Ceiling 1.% 1.% 1.% 1.% 1.% 1.% 1.% 1.% 1.% 1.% B-2
Chart C Summary of Tax-Supported General Obligation Bonds & Subject To Appropriation-Type Financings (1) Ratio of Outstanding Debt to Market Value Adopted FY 215 - FY 224 CIP As of June 3 FY 215 FY 216 FY 217 FY 218 FY 219 FY 22 FY 221 FY 222 FY 223 FY 224 Adopted Tax-Supported General Obligation Debt $928,316,33 $954,59,867 $1,11,548,638 $1,66,158,56 $1,13,499,343 $1,115,853,725 $1,136,126,766 $1,142,645,291 $1,82,56,999 $1,18,735,486 Tax-Supported Subject to Appropriation ("STA") Debt Capital Equipment Leases (2) 18,2,726 14,839,815 12,23,15 9,82,218 9,699,798 11,838,568 14,378,27 15,249,831 19,349,648 13,435,591 Industrial Development Authority (IDA) Bonds (3) 16,855, 11,925, 96,98, 92,2, 87,15, 81,96, 76,85, 71,68, 66,445, 61,15, Peumansend Creek Regional Jail 361,938 241,938 121,938 - - - - - No. Va. Criminal Justice Academy 257,13 256,947 266,324 - - - - - GENERAL OBLIGATION BONDS - COUNTY $125,494,794 $117,263,7 $19,598,412 $11,822,218 $96,714,798 $93,798,568 $91,228,27 $86,929,831 $85,794,648 $74,585,591 Project-Supported Subject to Appropriation ("STA") Debt (4) Ballston Public Parking Garage 7,5, 6,3, 5,1, 8,4, GENERAL OBLIGATION BONDS - SCHOOLS 26,28, 25,255, 24,195, 23,95, 21,945, 2,74, 19,48, 18,155, 16,76, 15,29, Gates of Ballston (6) 23,, 23,, 23,, 23,, 23,, 23,, 23,, 23,, 23,, 23,, Subtotal 56,78, 54,555, 52,295, 54,495, 44,945, 43,74, 42,48, 41,155, 39,76, 38,29, Total Tax-Supported General Obligation (GO) & ALL STA Financings $1,11,591,124 $1,126,328,567 $1,173,442,5 $1,222,475,723 $1,245,159,141 $1,253,392,293 $1,269,835,36 $1,27,73,123 $1,28,115,647 $1,131,611,76 Total Tax-Supported GO and Tax-Supported STA Financings $1,53,811,124 $1,71,773,567 $1,121,147,5 $1,167,98,723 $1,2,214,141 $1,29,652,293 $1,227,355,36 $1,229,575,123 $1,168,355,647 $1,93,321,76 Total Project-Supported STA Financings $56,78, $54,555, $52,295, $54,495, $44,945, $43,74, $42,48, $41,155, $39,76, $38,29, Market Value of Taxable Property $66,683,398,835 $68,17,66,812 $69,377,48,148 $7,764,956,311 $72,887,95, $75,74,542,15 $77,326,778,415 $79,646,581,767 $82,35,979,22 $84,497,58,597 Total Tax-Supported GO & ALL STA Financings as Percent of Market Value (Not to Exceed 4%) 1.67% 1.66% 1.69% 1.73% 1.71% 1.67% 1.64% 1.6% 1.47% 1.34% Total Tax-Supported GO & Tax-Supported STA Financings as Percent of Market Value 1.58% 1.58% 1.62% 1.65% 1.65% 1.61% 1.59% 1.54% 1.42% 1.29% Total Project-Supported STA Financings (Credit Enhancement) as Percent of Market Value (2).9%.8%.8%.8%.6%.6%.5%.5%.5%.5% (1) Excludes Self-supporting debt in the Utility and Transportation Capital Funds (2) Includes capital equipment leases in the General Fund, Auto Fund, Utilities Fund and Schools Fund (3) Includes the Series 29, 211 and 213 IDA Revenue Bonds (4) Debt service on these financings is intended to be repaid by user fees or tenant rental income, not by County General Fund revenues (5) Includes the bonds issued by the IDA in 21 to refinance the construction of two ice rinks, the office space, and the training facility on top of the 8th Level at the Ballston Parking Garage. (6) The County Board approved the credit support for the long-term financing of the Gates of Ballston for an amount not to exceed $23. million. B-21
Chart D 4.5% Ratio of Tax Supported & Subject to Appropriation Financing as a Percentage of Market Value Adopted FY 215 FY 224 CIP 4.% 3.5% 3.% 2.5% 2.% 1.5% 1.%.5%.% FY 215 FY 216 FY 217 FY 218 FY 219 FY 22 FY 221 FY 222 FY 223 FY 224 Project Supported.9%.8%.8%.8%.6%.6%.5%.5%.5%.5% Tax Supported 1.58% 1.58% 1.62% 1.65% 1.65% 1.61% 1.59% 1.54% 1.42% 1.29% Not to Exceed 3% (New Policy) 3.% 3.% 3.% 3.% 3.% 3.% 3.% 3.% 3.% 3.% Not to Exceed 4% (Old Policy) 4.% 4.% 4.% 4.% 4.% 4.% 4.% 4.% 4.% 4.% Tax Supported Project Supported Not to Exceed 3% (New Policy) Not to Exceed 4% (Old Policy) B-22
Chart E 7.% Ratio of Tax Supported General Obligation Debt to Income Adopted FY 215 FY 224 CIP Not to Exceed 6% 6.% 5.% 5.4% 5.3% 5.4% 5.5% 5.5% 5.3% 5.2% 5.1% 4.7% 4.3% 4.% 3.% 2.% 1.%.% FY 215 FY 216 FY 217 FY 218 FY 219 FY 22 FY 221 FY 222 FY 223 FY 224 Tax Supported Debt to Income Not to Exceed 6% B-23