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Comprehensive Plan Capital Improvements Element
<br />Table 6.12: Projected Expenses for Water, Sewer, and Solid Waste
<br />Fiscal Year
<br />Potable Water & Sanitary Sewer
<br />Solid Waste
<br />2017/18
<br />$43,587,547
<br />$16,300,677
<br />2018/19
<br />$44,870,000
<br />$19,451,500
<br />2019/20
<br />$46,521,000
<br />$14,759,000
<br />2020/21
<br />$42,715,000
<br />$21,728,000
<br />2021/22
<br />$41,899,000
<br />$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 Countv Overall Operating Cost Praiections
<br />Fiscal Year
<br />Total Operating Costs
<br />2017/18
<br />$241,477,408
<br />2018/19
<br />$247,581,715
<br />2019/20
<br />$253,637,980
<br />2020/21
<br />$259,851,524
<br />2021/22
<br />$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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