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Ordinance No. 2014-020
<br />Comprehensive Plan Capital Improvements Element
<br />revenues and expenditures is difficult. That system, however, ensures that new development will not
<br />reduce levels of service below County minimums.
<br />Table 6.12: Projected Expenses for Water, Sewer, and Solid Waste
<br />Fiscal Year
<br />Potable Water & Sanitary Sewer
<br />Solid Waste
<br />2014/15
<br />$37,028,956
<br />$19,566,307
<br />2015/16
<br />$32,888,000
<br />$13,077,000
<br />2016/17
<br />$35,746,000
<br />$16,276,000
<br />2017/18
<br />$35,134,000
<br />$12,583,000
<br />2018/19
<br />$33,962,000
<br />$12,898,000
<br />Source: Indian River County Office of Management and Budget.
<br />In FY 2018/19, the forecast expenses for potable water and sanitary sewer services are expected to be
<br />$33,962,000. That is a decrease of 8.28% from the FY 2014/15 forecast expenses of $37,028,956.
<br />Table 6.12 shows that, in FY 2018/19, the projected expenses for solid waste services are expected to
<br />be $12,898,000. That is a decrease of 34.08% from the 2014/15 projected figure of $19,566,307.
<br />Operatins Cost Proiections
<br />Table 6.13 provides forecasts of overall operating costs for the County for fiscal years 2014/15
<br />through 2018/19. In fiscal year 2018/19, the County is forecast to incur approximately $234,852,950
<br />in operating costs. Based on the figures shown in table 6.13, the county's operating costs are forecast
<br />to increase 14.23% between 2014/15 and 2018/19.
<br />Table 6.13: Indian River ountv Overall Operating Cost Projections
<br />Fiscal Year
<br />Total Operating Costs
<br />2014/15
<br />$205,594,821
<br />2015/16
<br />$212,569,188
<br />2016/17
<br />$217,321,813
<br />2017/18
<br />$225,212,525
<br />2018/19
<br />$234,852,950
<br />Source: Indian River County Office of Management and Budget
<br />Projected Debt Capacity
<br />Debt Financing is one way that the county has provided for its capital facility needs. The primary
<br />rationale for providing capital facilities through indebtedness is that it spreads the cost of a facility
<br />over its useful life and thus is paid for by those who will use the facility.
<br />Community Development Department Indian River County
<br />Adopted , 2014, Ordinance 2014-
<br />37
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