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Indian River County I Impact Fee Update Study <br /> Net Impact Cost per Student <br /> The net impact fee per student is the difference between the cost component and the <br /> credit component. Table X-8 summarizes the three-step process used to calculate the net <br /> impact cost per student for public schools in Indian River County. <br /> First, the total impact cost per student is determined. This is the sum of the weighted <br /> average facility impact cost per student from Table X-4 and the transportation and ancillary <br /> facility cost components per student from Table X-5. <br /> Second, the total revenue credit is determined. This is the sum of the capital improvement <br /> revenue credit per student from Table X-6 and the debt service revenue credit per student <br /> from Table X-7. <br /> Third, the net impact cost per student is determined, which is the difference between the <br /> total impact cost per student and total revenue credit per student. The resulting figure of <br /> $24,114 per student is also the relevant measure of LOS for impact fee calculation <br /> purposes. <br /> Table X-8 <br /> Net Impact Cost per Student <br /> Total Impact Cost PerStudena <br /> Facility Impact Cost(i) $32,789 <br /> Transportation Impact Cost(2) $709 <br /> Ancillary Facility Cost l3i1 020 <br /> Total Impact Cost per Student(4) $34,518 <br /> Revenue Credit Per Stude4 <br /> Capital Improvement Credit(5) $3,427 <br /> Debt Service Credit(6) $6,97 <br /> Total Revenue Credit per Student(7) $10,404 <br /> Net Impact Cost Per Studena <br /> Net Impact Cost per Student' $24,114 <br /> (1) Source:Table X-4 <br /> (2) Source:Table X-5 <br /> (3) Source:Table X-5 <br /> (4) Sum of the facility impact cost(Item 1),the transportation <br /> impact cost(Item 2),and the ancillary facility cost(Item 3) <br /> (5) Source:Table X-6 <br /> (6) Source:Table X-7 <br /> (7) Sum of the capital improvement credit(Item 5)and the <br /> debt service credit(Item 6) <br /> (8) Total impact cost per student(Item 4)less total revenue <br /> credit per student(Item 7) <br /> Tindale-Oliver&Associates, Inc. Indian River County <br /> June 2014 139 Impact Fee Update Study <br /> ► 7-4 <br />