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ORDINANCE 2007-038 Comprehensive Plan Capital Improvements Element $120,000,000 $110,000,000 $100,000,000 $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,0003000 $30,000,000 $20,000,000 $10,000,000 ESE Figure 6.18: Future Capital Improvement Expenditures FY 2007/08 FY 2008/09 FY 2009/10 FY 2010/11 FY 2011/12 ■ Conservation & Aquifer Recharge ❑ General Services * Recreation & Open Space a Solid Waste 0 Transportation Fiscal Assessment ® Emergency Services ® Law Enforcement & Corrections ■ Sanitary Sewer & Potable Water ® Stormer ater Management This section examines the county's ability to fund the capital improvements listed in table 6.7, with the exception of public school facilities and assesses whether sufficient revenue will be available within the existing budgeting framework utilized by the county to fund the needed improvements at the time that those improvements will be required. The School District of Indian River County is responsible for funding the capital improvements for public school facilities listed in table 6.7. The School District's adopted "Summary of Capital Improvement Program" (Appendix D) and "Summary of Estimated Revenue" (Appendix E) provides a detailed review of the financial feasibility of the School District's Five Year Capital Plan. The assessment process consists of estimating future receipts of revenues and comparing these receipts against anticipated expenditures. Using this process, it is possible to quantify annual revenue surpluses and shortfalls, providing a basis for examining opportunities for financing the needed capital improvements. The expenditure estimates include the operating costs associated with operations of the county. Community Development Department Indian River County 33