b'Long-Term Financial PlanningLONG-TERM FINANCIAL PLANNINGIn November 2014, the County issued $19,450,000 of general obligation bonds bearing interest rates of 2.0% to 3.25% and with varying maturitydates through 2034. The proceeds of these bonds are currently being used for various planned facility upgrades including roof replacements,HVAC replacement, technology upgrades, a new Animal Services Facility that is centrally located within the County, as well as Hilton Head IslandAirport Projects. The County had no expenditures projects during scal year 2022.In 2017, the County issued $51,000,000 of general obligation bonds bearing interest rates of 3.13% to 5% and with varying maturity dates through2037. $31 million of the proceeds of these bonds will be used for various County and Stormwater Utility capital projects and $20 million of theproceeds of these bonds will be used for the Countys rural and critical land projects, as approved by referendum in November 2014.In 2019, the County issued $11.25 million of general obligation bonds bearing interest rates of 2.75% to 5% and with varying maturity dates through2039. The proceeds of these bonds will be used to replace and repair critical County facilities at the main administration building in Beaufort, SouthCarolina, security upgrades to the Countys detention center, and improve information technology infrastructure. During scal year 2022, the Countyhad expenditures of $518,835 related to the capital projects funded by these bonds.In August of 2020 the County issued $36,775 million of general obligation bonds bearing interest rates of 1.0 to 5% and with various maturity ratesthrough 2040. $25 million of these bonds will be used to purchase real property in the Countys Rural and Critical Land Program. The remaining$11,775 million will be used to improve information technology infrastructure, construction of the Arthur Horne Building, purchase of a materialrecovery facility (MuRF), and renovations to the detention center. During scal year 2022, the County had expenditures of $3,403,016 related tothe capital projects funded by these bondsBeaufort County, SC | Budget Book 2024 Page 30'