HARBOR SYSTEM MASTER PLAN - City and Borough of Sitka

Working Fund Balance
(Millions of $), Year End
48
44
40
36
32
28
24
20
16
12
8
4
0
2012 2017 2022 2027 2032 2037 2042
Working Fund Balance, Single Increase, Ending
Working Fund Balance, CBS Five-Year Increase, Ending
Notes: Dollar amounts are shown in nominal dollars. The chart assumes 3.5 percent inflation and 5 percent
annual rate increases. The timing and amounts of debt issuances are based on a preliminary plan and should be
evaluated prior to issuance.
The preliminary debt plans used to create Figure 5 are shown in Table 11 for a single-year rate
increase and in Table 12 for CBS’s five-year implementation plan. As shown in the tables, the total
debt load required for the five-year implementation plan is approximately one-third higher than is
required for the single-year rate increase, due to the deferral of revenues. It is important to note that
the debt issuance amounts were set using an optimization process and should be evaluated by a
financial professional to ensure the plan meets CBS’s needs.
Year Debt Issued ($)
2015 5,164,591
2017 8,318,414
2027 14,318,414
2032 45,168,025
2037 13,318,414
Total 86,287,857
Notes: Dollar amounts are shown in nominal dollars. The timing and amounts of debt issuances are based on a
preliminary plan and should be evaluated prior to issuance.