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Indian River County I Impact Fee Update Study Table VI-6 Total Impact Cost Percent of Description Figure Total Value(9) Building Value(1) $21,926,140 52.97% Land Value(�) $1,692,600 4.09% Vehicle Value(3) $14,959,000 36.14% Equipment Value(4) 2,817,768 6.81% Total Asset Value $41,395,508 100.01% Number of Stations(5) 12 Cost per Station(6) $3,449,626 LOS(') 0.088 Total Impact Cost per Resident(8) $303.57 (1) Source:Table VI-1 (2) Source:Table VI-1 (3) Source:Table VI-2 (4) Source:Table VI-3 (5) Source:Table VI-1 (6) Total asset value divided by the number of stations(Item 5) (7) Source:Table VI-4 (8) Cost per station(Item 6)multiplied by the LOS(Item 7)divided by 1,000 (9) Distribution of building,land,vehicle,and equipment values Credit Component To avoid overcharging new development for the emergency services impact fee, a review of the capital financing program for emergency services was completed. The purpose of this review was to determine any potential revenue credits generated by new development that are being used for expansion of capital facilities, land, vehicles, and equipment included in the inventory. It should be noted that the credit component does not include any capital renovation, maintenance, or operations expenses, as these types of expenditures cannot be funded with impact fee revenue. Capital Expansion Expenditure Credit To calculate the capital expansion expenditure credit per functional resident, the historical capital expansion projects and those programmed in the CIP are reviewed. During the time period from 2008 through 2017, the County allocated an average annual non-impact fee funding of $757,000 toward emergency services capital facilities. The annual capital expansion expenditures were divided by the average functional residents for the same Tindale-Oliver&Associates, Inc. Indian River County June 2014 70 Impact Fee Update Study !OS