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Comprehensive Plan Capital Improvements Element
<br />Table 6.14: Projected Expenses for Water, Sewer, and Solid Waste
<br />Fiscal Year
<br />Potable Water & Sanitary Sewer
<br />Solid Waste
<br />2013/14
<br />$28,716,000
<br />$11,257,000
<br />2014/15
<br />$29,434,000
<br />$11,538,000
<br />Source: Indian River County Office of Management and Budget.
<br />In FY 2014/15, the projected expenses for potable water and sanitary sewer services are expected to
<br />be $29,434,000. That is an increase of 7.69% from the 2010/11 projected expenses of $27,333,363.
<br />Table 6..14 shows that, in FY 2014/15, the projected expenses for solid waste services are expected to
<br />be $11,538,000. That is an increase of 7.69% from the 2010/11 projected figure of $10,713,852.
<br />Operating Cost Proiections
<br />Table 6.15 provides projections of overall operating costs for the county for fiscal years 2010/11
<br />through 2014/15. In fiscal year 2014/15, the county is projected to incur approximately $189,485,892
<br />in operating costs. Based on the figures shown in table 6.15, the county's operating costs are
<br />projected to increase 7.46% between 2010/11 and 2014/15.
<br />Table 6.15: Indian River County Overall Operating Cost Projections
<br />Fiscal Year
<br />Total Operating Costs
<br />2010/11
<br />$176,325,902
<br />2011/12
<br />$230,937,606
<br />2012/13
<br />$71,402,801
<br />2013/14
<br />$152,510,296
<br />2014/15
<br />$189,485,892
<br />Source: Indian River County Office of Management and Budget
<br />Proiected Debt Capacity
<br />Debt Financing, which involves borrowing money using the county's assets as collateral, is one way
<br />that the county has provided for its capital facility needs. The primary rationale for providing capital
<br />facilities through indebtedness is that it spreads the cost of a facility over its useful life and thus is
<br />paid for by those who will use the facility.
<br />Table 6.16 provides a summary of the county's estimated ability to raise bond revenue without a
<br />public vote. That table identifies the county's bonding capacity for 10, 20, and 30 years. As table
<br />6.16 indicates, the county's available bonding capacity for a 10 year issue is $160,100,000, while its
<br />bonding capacity for a 30 year issue is $323,100,000.
<br />Community Development Department Indian River County
<br />Adopted November 2, 2010, Ordinance 2010-024
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