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Operating Cost Projections <br />Table 13.15 provides projections of overall operating costs for the <br />county for fiscal years 1991-92 1993-94 through 1995-96 1999-2000. <br />In fiscal year 1995-96 1999-2000,__the county is projected to incur <br />approximately $92-e 117.5 million in operating costs. Based on the <br />figures stated in Table 13.15, the county's operating costs are <br />projected to increase approximately 3-te-6 4.9 percentage -pe3nts <br />per year. <br />TABLE -13715 <br />INBIAN-RIVER-eeHNTY <br />eVERAbb-ePERATIN6-eeST-PRe3EeTIeNS <br />1991f92----------------------------53-9 <br />1992f93----------------------------56-4 <br />1993f94----------------------------61-9 <br />1994f95----------------------------66-� <br />*-F4gures-in-176997e9e-deller9 <br />Senree : - Iir�i-err-�tiver--eo�atp-ice-of--i4arragem�rrt--arte�-Budget; <br />September -1991 <br />Note: See revised table 13.15 on next page <br />Projected Debt Capacity <br />Debt Financing is one way the county has provided for its capital <br />facility needs. Debt financing is basically borrowing money using <br />the county's assets as collateral. The primary rationale for <br />becoming-oblltjatied- 46or providing the capital facilities through <br />indebtedness is that it spreads the cost of the facility over its <br />useful life and thus is paid for by those who will use the <br />facility. <br />Table 13.16 provides a summary of the county's estimated available <br />bonding capacity without public vote. The county's bonding <br />capacity is identified for 10, 20, and 30 years. As Table 13.16 <br />inditates, the county's available bonding capacity for the next 10 <br />years is $27756e76e6 37,606,000, with an additional potential of <br />$1073757009 231800,000. <br />