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Indian River County 1 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 <br />Facility Impact Costl' <br />Per Student <br />$32,789 <br />Transportation Impact Cost(2) <br />$709 <br />Ancillary Facility Cost(3) <br />$1,020 <br />Total Impact Cost per Student(4) <br />Revenue Credit <br />Capital Improvement Credit(5) <br />$34,518 <br />Per Student <br />$3,427 <br />Debt Service Credit(6) <br />$6,977 <br />Total Revenue Credit per Student(7) <br />Net Impact Cost <br />Net Impact Cost per Student(8) <br />$10,404 <br />Per Student <br />$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. <br />Indian River County <br />June 2014 139 Impact Fee Update Study <br />1 7 i4 <br />