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Comprehensive Plan Capital Improvements Element
<br />Fiscal Assessment Summary
<br />This section provides an analysis of the county's revenues and expenditures for its capital
<br />improvement needs for the five-year period beginning in FY 2010/11 and ending in FY 2014/15.
<br />While Appendix A details all of the capital improvement projects for the next five fiscal years for
<br />each individual comprehensive plan element by cost, timeframe, and revenue source(s), Table 6.7
<br />provides general revenue projections for the county through fiscal year 2014/15. As shown in Table
<br />6.7, the County will generate $1,354,835,802 in revenues from general funds, enterprise funds, and
<br />internal funds from fiscal year 2010/11 to fiscal year 2014/15. Sources of these funds include sales
<br />taxes, property taxes, grants, impact fees, and other revenues. Portions of the money needed for the
<br />capital improvements listed within Appendix A will come from the $1,354,835,802.
<br />Overall, the county will have enough revenue to cover the costs associated with the five year capital
<br />improvements program. For all projects contained within the County's Capital Improvements project
<br />list, the total estimated cost is $204,821,475 for the next five fiscal years. This is 15.12% of the
<br />overall general fund revenues for the same time period.
<br />Concurrency Management Plan
<br />To ensure that level -of -service standards are maintained, it is necessary to have a system in place
<br />that provides the criteria for measuring facility capacity, assessing development demand on
<br />applicable facilities, and monitoring service levels for applicable facilities. That system will set the
<br />parameters for issuing development orders consistent with level -of -service standards.
<br />While this concurrency management plan sets policies and establishes a process, the specific
<br />application of this system is through the county's land development regulations. As per state
<br />Community Development Department Indian River County
<br />Adopted November 2, 2010, Ordinance 2010-024
<br />42
<br />Total $496,500
<br />Balance $1,320,000
<br />Interest $66,000
<br />Principal $430,000
<br />Total $496,000
<br />2029
<br />Balance $890,000
<br />Interest $44,500
<br />Principal $455,000
<br />Total $499,500
<br />2030
<br />Balance $435,000
<br />Interest $21,750
<br />Principal $435,000
<br />Total $456,750
<br />2031
<br />Balance $o
<br />Fiscal Assessment Summary
<br />This section provides an analysis of the county's revenues and expenditures for its capital
<br />improvement needs for the five-year period beginning in FY 2010/11 and ending in FY 2014/15.
<br />While Appendix A details all of the capital improvement projects for the next five fiscal years for
<br />each individual comprehensive plan element by cost, timeframe, and revenue source(s), Table 6.7
<br />provides general revenue projections for the county through fiscal year 2014/15. As shown in Table
<br />6.7, the County will generate $1,354,835,802 in revenues from general funds, enterprise funds, and
<br />internal funds from fiscal year 2010/11 to fiscal year 2014/15. Sources of these funds include sales
<br />taxes, property taxes, grants, impact fees, and other revenues. Portions of the money needed for the
<br />capital improvements listed within Appendix A will come from the $1,354,835,802.
<br />Overall, the county will have enough revenue to cover the costs associated with the five year capital
<br />improvements program. For all projects contained within the County's Capital Improvements project
<br />list, the total estimated cost is $204,821,475 for the next five fiscal years. This is 15.12% of the
<br />overall general fund revenues for the same time period.
<br />Concurrency Management Plan
<br />To ensure that level -of -service standards are maintained, it is necessary to have a system in place
<br />that provides the criteria for measuring facility capacity, assessing development demand on
<br />applicable facilities, and monitoring service levels for applicable facilities. That system will set the
<br />parameters for issuing development orders consistent with level -of -service standards.
<br />While this concurrency management plan sets policies and establishes a process, the specific
<br />application of this system is through the county's land development regulations. As per state
<br />Community Development Department Indian River County
<br />Adopted November 2, 2010, Ordinance 2010-024
<br />42
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