2019 Comprehensive Annual Financial Report (CAFR)

Table C-2 CIP Expenditures – 10 Year Plan

CIP Expenditure Category by Service Area

% of Total CIP

Infrastructure

81.7% 15.6% 2.7% 100.0%

Community Services

Public Safety

Table C-3 CIP Funding Sources – 10 Year Plan

CIP Funding Source Authorized Bonds Revenue Bonds Enterprise Funds

% of Total CIP

10.8% 25.5% 24.3% 10.4%

Grants/Other

Unauthorized Bonds 29.0% 100.0% Additional information on the City’s capital assets can be found in Note I.D.5 and IV.C of this report. B. Long-Term Debt As of June 30, 2019, the City had total bonded debt outstanding (at par) of $661,121,789 with $284,005,000 backed by the full faith, credit and taxing power of the City, $54,060,000 backed by Hotel/Motel occupancy tax of the City, $43,450,000 backed by Tanger Center parking fees, ticket fees, and hotel motel tax from the county, $278,821,789 backed by a revenue pledge of the Combined Enterprise System (currently Water Resources utility system) and $785,000 backed by a pledge of certain local sales tax revenues.

2u