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Indian River County I Impact Fee Update Study Total Facility Cost per Student The total facility impact cost per student for each school type is based on the facility cost per student station figures derived in Table X-3, and is typically calculated by dividing the cost per student station by the ratio of current student enrollment to available capacity. The adjustment of multiplying the cost per student station by the ratio of current student enrollment to available capacity converts the cost per student station to a cost per student. In addition, this calculation accounts for the current available permanent capacity and adjusts the costs accordingly. If there is available capacity (e.g., currently more permanent student stations than students), then the total facility cost per student increases because the cost of building this additional capacity is being recouped. Similarly, if there are currently more students enrolled than available capacity, the cost per student is adjusted downward. In the case of Indian River County, although there is available capacity countywide, because the District's adopted LOS standard is 100 percent, the cost per student station calculated in Table X-3 also represents the facility cost per student. This is also appropriate because part of the available capacity is used for the Voluntary Pre-Kindergarten (VPK) students and allows for the space needed for special needs students and their aids, and therefore, is not available for additional students. Table X-4 Facility Cost per Student MiddleElementary TotalCalculation Step School School School Average Facility Impact Cast per Student Facility Cost per Student Station(l) $28,325 $33,095 $39,388 $32,789 Adopted LOS Standard(2) 1009/0 1000/0 1000/0 100% Total Facility Impact Cost per Student(3) $28,325 $33,095 $39,388 $32,789 (1) Source: Table X-3 (2) Source: Indian River County School District (3) Facility cost per student stations(Item 1)multiplied by the adopted LOS standard(Item 2) Although the School District's adopted LOS standard is measured in terms of stations to enrollment ratio for planning purposes, for impact fee purposes, the level of service is shown as the level of investment (or dollar value of capital assets) per student, which reflects the capacity investment made by the School District for schools and other related Tindale-Oliver&Associates, Inc. Indian River County June 2014 133 Impact Fee Update Study I��