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Comprehensive Plan Capital Improvements Element Figure 6.18: Future Capital Improvement Expenditures $50,000,000 — - --- ---- ____.__.--- _-- $40,000,000 $30,000,000 $20,000,000 $10,000,000 so I AI FY 2017/18 FY 2018/19 FY 2019/20 FY 2020/21 FY 2021/22 ■Conservation&Aquifer Recharge Emergency Services oGeneral Services/Facilities Mgmnt ■Law Enforcement&Corrections ©Recreation&Open Space ■Sanitary Sewer&Potable Water ▪Sol id Waste OStormwater Management aTransportation Fiscal Assessment This section examines the County's ability to fund the capital improvements listed in table 6.10,with the exception of public school facilities, and assesses whether sufficient revenue will be available within the existing budget framework utilized by the County to fund the needed improvements at the time that those improvements will be required. This assessment process consists of forecasting future revenue receipts and comparing those receipts to anticipated expenditures. With this process, it is possible to quantify annual revenue surpluses and shortfalls, providing a basis for examining opportunities for financing needed capital improvements. The expenditure estimates include operating costs. For the public school facilities listed in table 6.10, the School District of Indian River County is responsible for funding the capital improvements. The School District's adopted "Summary of Capital Improvements Program"(Appendix C)and"Summary of Estimated Revenue"(Appendix D) provide a detailed review of the financial feasibility of the School District's Five Year Capital Plan. Projected Expenditures Table 6.11 shows the County's projected expenditures for fiscal years 2017/18 through 2020/21. By fiscal year 2021/22, the County is forecasted to have annual expenditures totaling$332,600,062. In FY 2021/22, the category projected to have the largest expenditures is the Public Safety category. Community Development Department Indian River County Adopted December 5,2017,Ordinance 2017-015 33