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Comprehensive Plan Capital Improvements Element <br />Table 6.12: Projected Expenses for Water, Sewer, and Solid Waste <br />Fiscal Year <br />Potable Water & Sanitary Sewer <br />Solid Waste <br />2016/17 <br />$42,637,562 <br />$13,401,095 <br />2017/18 <br />$45,398,590 <br />$25,275,000 <br />2018/19 <br />$41,891,000 <br />$13,807,000 <br />2019/20 <br />$41,795,000 <br />$15,222,000 <br />2020/21 <br />$35,870,000 <br />$22,921,000 <br />Source: Indian River County Office of Management and Budget. <br />In FY 2020/21, the forecast expenses for potable water and sanitary sewer services are expected to <br />be$35,870,000. That is a decrease of 15.87% from the FY 2016/17 forecast expenses of$42,637,562. <br />Table 6.12 shows that, in FY 2020/21, the projected expenses for solid waste services are expected to <br />be $22,921,000. That is a increase of 71.04% from the 2016/17 projected figure of $13,401,095. <br />OperatinE Cost Projections <br />Table 6.13 provides forecasts of overall operating costs for the County for fiscal years 2016/17 <br />through 2020/21. In fiscal year 2020/21, the County is forecast to incur approximately $260,733,524 <br />in operating costs. Based on the figures shown in table 6.13, the county's operating costs are forecast <br />to increase 10.06% between 2016/17 and 2020/21. <br />Table 6.13: Indian River Countv Overall Operating Cost Pro'ections <br />Fiscal Year <br />Total Operating Costs <br />2016/17 <br />$236,909,407 <br />2017/18 <br />$242,004,870 <br />2018/19 <br />$248,421,715 <br />2019/20 <br />$254,498,980 <br />2020/21 <br />$260,733,524 <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 />Table 6.14 identifies the amount of revenue that the County can raise by issuing revenue bonds. <br />Those bonds can be issued without a public vote. That table identifies the County's bonding capacity <br />Community Development Department Indian River County <br />Adopted , 2016, Ordinance 2016- 35 <br />