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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
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