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Comprehensive Plan Capital Improvements Element
<br />Table 6.7: Overall General, Revenue Projection Summary,
<br />FY
<br />2069/10
<br />2010/11.
<br />2011/12,
<br />2012/13
<br />; ` , 2013/14 ',
<br />TOTAL
<br />Taxes
<br />$107,466,450
<br />$100,034,202
<br />$100,034,000
<br />$105,211,000
<br />$154,026,137
<br />$566,771,789
<br />Licenses &
<br />Permits
<br />$23,278,151
<br />$21,416,000
<br />$21,416,000
<br />$21,951,000
<br />$22,500,000
<br />$110,561,151
<br />Intergovern-
<br />ment
<br />$17,169,945
<br />$15,796,000
<br />$23,546,000
<br />$24,135,000
<br />$24,738,000
<br />$105,384,945
<br />Charges for
<br />Services
<br />$79,890,835
<br />$77,126,877
<br />$82,001,239
<br />$89,401,400
<br />$100,283,000
<br />$428,703,351
<br />Fines &
<br />Forfeitures
<br />$358,000
<br />$329,000
<br />$329,000
<br />$337,000
<br />$345,000
<br />$1,698,000
<br />Interest & Misc.
<br />$26,130,217
<br />$24,040,000
<br />$24,040,000
<br />$24,641,000
<br />$25,257,000
<br />$124,108,217
<br />Other Sources
<br />$66,387,094
<br />$46,414,474
<br />$53,248,311
<br />$66,513,995
<br />$3,190,370
<br />$235,754,244
<br />TOTAL
<br />$320,680,692
<br />$285,156,553
<br />$304,614,550
<br />$332,190,395
<br />$330,339,507
<br />$1,572,981,697
<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 2009/10 through 2013/14. 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 36.75% over the next five fiscal years, from $20,532,337 in FY 2009/10 to
<br />$28,077,000 in FY 2013/14.
<br />Although transportation revenues are expected to increase from FY 09/10 to FY 13/14, it is important
<br />to note that FY 09/10 transportation revenue is $34,258,364 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 2012/13 and fiscal year
<br />2013/14 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 2013/14.
<br />For potable water and sanitary sewer, earmarked revenue is expected to increase by .97% over the
<br />next five fiscal years, from $41,368,779 in FY 2009/10 to $41,769,000 in FY 2013/14. Over the next
<br />Community Development Department Indian River County
<br />Supplement #_; Adopted November, 2009, Ordinance 2009-_
<br />30
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