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