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Comprehensive Plan Capital Improvements Element
<br />like the sales tax, gas taxes do not increase as a result of rising prices the way that sales taxes do.
<br />Further, gas taxes do not typically decline as significantly as sales taxes during economic
<br />slowdowns. For property taxes, impact fees, user fees, interest earnings, and other revenues,
<br />additional behavioral characteristics were considered in forecasting future receipts. All such
<br />forecasts were developed with the use of professionally accepted methodologies. To ensure a
<br />financially balanced CIP (see Appendix A), scheduled expenditures were constrained by projected
<br />revenues
<br />As part of this capital improvements element, the County's general revenues were forecasted for fiscal
<br />years 2017/18 through 2021/22. This section addresses general revenues and earmarked projected
<br />revenues as well as the county's tax base and millage rate projections.
<br />• Overall Forecasted Revenues
<br />Table 6.7 summarizes the County's forecasted revenue for fiscal years 2017/18 through 2021/22.
<br />Those revenues include the County's general governmental funds, enterprise funds, and internal
<br />funds. As table 6.7 shows, general revenue collected by the County is forecast to slightly increase
<br />from fiscal year 2017/18 to fiscal year 2021/22 with revenues from "Other Sources" such as grants
<br />fluctuating.
<br />Table 6.7: Overall General Revenue Projection Summary
<br />FY
<br />2017/18
<br />2018/19
<br />2019/20
<br />2020/21
<br />2021/22
<br />TOTAL
<br />Taxes
<br />$126,431,536
<br />$129,592,000
<br />$132,832,000
<br />$136,153,000
<br />$139,557,000
<br />$664,565,536
<br />Permits, Fees &
<br />$29,879,997
<br />$30,627,000
<br />$31,393,000
<br />$32,178,000
<br />$32,982,000
<br />$157,059,997
<br />Special Assess.
<br />Intergovern-
<br />$22,050,342
<br />$22,602,000
<br />$23,167,000
<br />$23,746,000
<br />$24,340,000
<br />$115,905,342
<br />ment
<br />Charges for
<br />$72,628,674
<br />$74,444,000
<br />$76,305,000
<br />$78,213,000
<br />$80,168,000
<br />$381,758,674
<br />Services
<br />Judgements,
<br />Fines &
<br />$434,490
<br />$445,000
<br />$456,000
<br />$467,000
<br />$479,000
<br />$2,281,490
<br />Forfeitures
<br />Interest &
<br />$6,699,992
<br />$6,867,000
<br />$7,039,000
<br />$7,215,000
<br />$7,395,000
<br />$35,215,992
<br />Misc.
<br />Other Sources
<br />$99,549,159
<br />$90,572,097
<br />$98,350,608
<br />$63,715,949
<br />$47,679,062
<br />$399,866,875
<br />TOTAL
<br />$357,674,190
<br />$355,149,097
<br />$369,542,608
<br />$341,687,949
<br />$332,600,062
<br />$1,756,653,906
<br />Source: Indian River County Office of Management and Budget.
<br />Community Development Department Indian River County
<br />Adopted December 5, 2017, Ordinance 2017-015 28
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