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Comprehensive Plan Capital Improvements Element $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 Figure 6.18: Future Capital Improvement Expenditures FY 2010/11 FY 2011/12 FY 2012/13 FY 2013/14 FY 2014/15 ® Conservation & Aquifer Recharge ■ Law Enforcement & Corrections ■ Solid Waste Fiscal Assessment la Emergency Services ® Recreation & Open Space D Stormwater Management ❑ General Services ■ Sanitary Sewer & Potable Water 11 Transportation This section examines the county's ability to fund the capital improvements listed in table 6.12, 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 6.12, 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 the needed capital improvements. The expenditure estimates include the operating costs. Proiected Expenditures Table 6.13 shows the county's projected expenditures for fiscal years 2010/11 through 2014/15. By fiscal year 2014/15, the county is projected to have annual expenditures totaling $287,466,627. In FY Community Development Department Indian River County Supplement #_; Adopted November_, 2010, Ordinance 2010-_ 36