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Comprehensive Plan Capital Improvements Element public schools and health centers, it is assumed that any new facilities which may be constructed in the county by 2015/16 will be located within existing infrastructure service areas or designated expansion areas. Therefore, these systems may be considered to be adequately served by appropriate infrastructure. $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 Figure 6.18: Future Capital Improvement Expenditures FY 2011/12 FY 2012/13 FY 2013/14 FY 2014/15 FY 2015/16 0 Conservation & Aquifer Recharge ■ Law Enforcement & Corrections ■ Solid Waste Fiscal Assessment M Emergency Services © Recreation & Open Space ED Stormwater Management ❑ General Services ■ Sanitary Sewer & Potable Water ® Transportation This section examines the county's ability to fund the capital improvements listed in table 6.11, with the exception of public school facilities, and assesses whether sufficient revenue will be available within the existing budget framework utilized by the county to fund the needed improvements at the time that those improvements will be required. For public school facilities listed in table 6.11, the School District of Indian River County is responsible for funding the capital improvements. The School District's adopted "Summary of Capital Improvements Program" (Appendix C) and "Summary of Estimated Revenue" (Appendix D) provide a detailed review of the financial feasibility of the School District's Five Year Capital Plan. This assessment process consists of projecting future revenue receipts and comparing those receipts to anticipated expenditures. With this process, it is possible to quantify annual revenue surpluses and shortfalls, providing a basis for examining opportunities for financing needed capital improvements. The expenditure estimates include operating costs. Community Development Department Indian River County Adopted November_, 2011, Ordinance 2011-_ 35