|
Comprehensive Plan Capital Improvements Element
<br />Table 6.7: Overall General Revenue Projection Summary
<br />2010/11
<br />2011/12
<br />2012/13
<br />2013/14
<br />2014/15
<br />TOTAL
<br />FY
<br />Intergovern-
<br />ment
<br />18,691,686
<br />18,692,000
<br />19,159,000
<br />19,638,000
<br />20,129,000
<br />96,309,686
<br />Charges for
<br />Services
<br />60,009,228
<br />60,009,000
<br />61,509,000
<br />63,047,000
<br />64,623,000
<br />309,197,228
<br />Fines &
<br />Forfeitures
<br />312,000
<br />312,000
<br />320,000
<br />328,000
<br />336,000
<br />1,608,000
<br />Interest &
<br />Misc.
<br />18,494,670
<br />18,495,000
<br />18,957,000
<br />19,431,000
<br />19,917,000
<br />95,294,670
<br />Other Sources
<br />63,955,399
<br />32,653,315
<br />43,795,823
<br />43,221,820
<br />52,083,627
<br />235,709,984
<br />TOTAL
<br />278,508,044
<br />250,949,517
<br />265,047,823
<br />272,863,791
<br />287,466,627
<br />1,354,835,802
<br />Source: Indian River County Office of Management and Budget.
<br />• Earmarked Projected Revenues
<br />Earmarked revenues are revenues that are restricted in terms of use. Such revenues may be found in
<br />the Transportation Element, Sanitary Sewer Sub -Element, Potable Water Sub -Element, and Solid
<br />Waste Sub -Element.
<br />Table 6.8 provides a summary of earmarked revenue projections by applicable comprehensive plan
<br />element for fiscal years 2010/11 through 2014/15. As shown in table 6.8, projected transportation
<br />revenues are broken down by their sources. Earmarked projected transportation revenues are
<br />expected to increase by 30.66% over the next five fiscal years, from $19,025,710 in FY 2010/11 to
<br />$24,859,880 in FY 2014/15.
<br />Although transportation revenues are expected to increase from FY 10/11 to FY 14/15, it is important
<br />to note that FY 10/11 transportation revenue is $35,764,991 less than FY 2004/05 transportation
<br />revenue. This reflects the substantial decrease in traffic impact fee revenue from the housing boom
<br />years to the present. Part of the transportation revenue increase for fiscal year 2013/14 and fiscal year
<br />2014/15 is from a planned 6 cent per gallon tax increase on gasoline (Local Option Gas Tax). In
<br />fiscal year 2013/14, the proposed additional 6 cent per gallon gas tax plus the county's current 6 cent
<br />per gallon gas tax (total of 12 cents per gallon) will be bonded to produce a significant revenue
<br />increase in FY 2014/15.
<br />For potable water and sanitary sewer, earmarked revenue is expected to increase by 7.69% over the
<br />next five fiscal years, from $27,333,363 in FY 2010/11 to $29,434,000 in FY 2014/15. Over the next
<br />five years, earmarked revenue for solid waste is expected to increase by 7.69% from $10,713,852 in
<br />FY 2010/11 to $11,538,000 in FY 2014/15.
<br />Community Development Department Indian River County
<br />Adopted November 2, 2010, Ordinance 2010-024
<br />30
<br />
|