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Comprehensive Plan Capital Improvements Element Source: Indian River County Office of Management and Budget. In FY 2014/15, the projected expenses for potable water and sanitary sewer services are expected to be $29,434,000. That is an increase of 7.69% from the 2010/11 projected expenses of $27,333,363. Table 6.14 shows that, in FY 2014/15, the projected expenses for solid waste services are expected to be $11,538,000. That is an increase of 7.69% from the 2010/11 projected figure of $10,713,852. Operating Cost Projections Table 6.15 provides projections of overall operating costs for the county for fiscal years 2010/11 through 2014/15. In fiscal year 2014/15, the county is projected to incur approximately $189,485,892 in operating costs. Based on the figures shown in table 6.15, the county's operating costs are projected to increase 7.46% between 2010/11 and 2014/15. Source: Indian River County Office of Management and Budget Projected Debt Capacity Debt Financing, which involves borrowing money using the county's assets as collateral, is one way that the county has provided for its capital facility needs. The primary rationale for providing capital facilities through indebtedness is that it spreads the cost of a facility over its useful life and thus is paid for by those who will use the facility. Table 6.16 provides a summary of the county's estimated ability to raise bond revenue without a public vote. That table identifies the county's bonding capacity for 10, 20, and 30 years. As table 6.16 indicates, the county's available bonding capacity for a 10 year issue is $160,100,000, while its bonding capacity for a 30 year issue is $323,100,000. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 38