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Last modified
12/14/2017 1:13:24 PM
Creation date
12/6/2017 11:45:27 AM
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Ordinances
Ordinance Number
2017-015
Adopted Date
12/05/2017
Agenda Item Number
10.A.2.
Ordinance Type
Amendment
State Filed Date
12\08\2017
Entity Name
Capital Improvements Program
Attached Update to 2030 Comprehensive Plan
Subject
updating schedule and related data and analysis sections
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Comprehensive Plan Capital Improvements Element <br /> Culture/Recreation <br /> All costs associated with providing and maintaining cultural and recreational facilities and activities <br /> for the benefit of citizens and visitors fit into this category. County libraries, parks, recreation <br /> operations, and the golf course are included here. As shown in table 6.5, the County spent <br /> $24,240,179 on those services in FY 2015/16. Since FY 2010/11, cultural/recreation expenditures <br /> have increased by 33.44%.Culture/recreation expenses represented 10.60%of all County expenses in <br /> FY 2015/16. <br /> Court Related <br /> All costs of operating the judicial branch of Indian River County Government are classified here. <br /> That category includes the County Court,Circuit Court,State Attorney's Office and Public Defender. <br /> As shown in table 6.5,expenditures from that category totaled$6,605,682 in FY 2015/16. Between <br /> fiscal years 2014/15 and 2015/16, Court Related expenditures increased by 1.08%. Court Related <br /> costs represented 2.89% of all county expenses in FY 2015/16. <br /> Debt Service <br /> Debt service consists of interest and payments made by the county on its debt. That figure includes <br /> principal retirement, interest and other miscellaneous debt service. As table 6.5 indicates, total <br /> County debt service expenditures were$5,215,007 in FY 2015/16. Since FY 2010/11,debt service <br /> expenditures have decreased by 23.67%. Debt service expenses represented 2.28% of all County <br /> expenses in FY 2015/16. <br /> Existing Outstanding Debt <br /> At the end of FY 2016/17, Indian River County's outstanding debt,comprised of revenue bonds and <br /> general obligation bonds, stood at $46,747,000. That is shown in table 6.6. Currently, Enterprise <br /> Funds comprise 44.6% of the overall debt (Utility Dept), leaving $25,921,000 in bonds paid from <br /> general governmental funds. In November 2001, Indian River County issued the remaining <br /> $11,000,000 of the $26,000,000 Environmentally Sensitive Land Acquisition general obligation <br /> bonds originally approved by voters in 1992. Also in 2001,the County issued$16,810,000 in Spring <br /> Training Facility Bonds to finance the acquisition and expansion of the Dodgertown spring training <br /> facility (now known as Historic Dodgertown). <br /> In 2004, Indian River County voters approved the issuance of up to an additional $50,000,000 in <br /> Environmentally Sensitive Land Acquisition general obligation bonds. As a result, Indian River <br /> County issued$48,600,000 in Environmentally Sensitive Land Acquisition general obligation bonds <br /> in 2006. While the county refinanced its 1996 Series Water and Sewer Bonds in 2005 and the <br /> Community Development Department Indian River County <br /> Adopted December 5,2017,Ordinance 2017-015 21 <br />
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