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Comprehensive Plan Capital Improvements Element
<br /> Table 6.12:Projected Expenses for Water,Sewer,and Solid Waste
<br /> Fiscal Year Potable Water&Sanitary Sewer Solid Waste
<br /> 2017/18 $43,587,547 $16,300,677
<br /> 2018/19 $44,870,000 $19,451,500
<br /> 2019/20 $46,521,000 $14,759,000
<br /> 2020/21 $42,715,000 $21,728,000
<br /> 2021/22
<br /> $41,899,000 $23,506,000
<br /> Source:Indian River County Office of Management and Budget.
<br /> In FY 2021/22,the forecast expenses for potable water and sanitary sewer services are expected to be
<br /> $41,899,000. That is a decrease of 3.87% from the FY 2017/18 forecast expenses of$43,587,547.
<br /> Table 6.12 shows that,in FY 2021/22,the projected expenses for solid waste services are expected to
<br /> be $23,506,000. That is an increase of 44.20% from the 2017/18 projected figure of$16,300,677.
<br /> Operating Cost Projections
<br /> Table 6.13 provides forecasts of overall operating costs for the County for fiscal years 2017/18
<br /> through 2021/22. In fiscal year 2021/22,the County is forecast to incur approximately$262,015,178
<br /> in operating costs. Based on the figures shown in table 6.13,the county's operating costs are forecast
<br /> to increase 8.51%between 2017/18 and 2021/22.
<br /> Table 6.13:Indian River County Overall Operating Cost Projections
<br /> Fiscal Year Total Operating Costs
<br /> 2017/18 $241,477,408
<br /> 2018/19 $247,581,715
<br /> 2019/20 $253,637,980
<br /> 2020/21 $259,851,524
<br /> 2021/22 $262,015,178
<br /> Source:Indian River County Office of Management and Budget
<br /> Projected Debt Capacity
<br /> Debt Financing is one way that the county has provided for its capital facility needs. The primary
<br /> rationale for providing capital facilities through indebtedness is that it spreads the cost of a facility
<br /> over its useful life and thus is paid for by those who will use the facility.
<br /> Table 6.14 identifies the amount of revenue that the County can raise by issuing revenue bonds.
<br /> Those bonds can be issued without a public vote. That table identifies the County's bonding capacity
<br /> Community Development Department Indian River County
<br /> Adopted December 5,2017,Ordinance 2017-015 35
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