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Indian River County 1 Impact Fee Update Study <br />Table D-4 <br />Equivalent Penny Calculation for State Portion <br />Source <br />Projected TIP (FY 2014-2018)(1) <br />Historical Work Program (FY 2009-2013)(2) <br />Total <br />Cost of Number of <br />Projects Years <br />$38,959,997 <br />$75,954,895 <br />$114,914,892 <br />5 <br />5 <br />10 <br />Revenue <br />from 1 <br />Penny(3) <br />$739,909 <br />$739,909 <br />$739,909 <br />Equivalent <br />Pennies(4) <br />$0.105 <br />$0.205 <br />$0.155 <br />(1) Source: Table D-7, total cost of expansion projects <br />(2) Source: Table D-7, total cost of expansion projects <br />(3) Source: Table D-1 <br />(4) Cost of projects divided by number of years divided by revenue from 1 penny (Item 4) divided by 100 <br />Tindale -Oliver & Associates, Inc. Indian River County <br />June 2014 <br />D-5 Impact Fee Update Study <br />234 <br />