Laserfiche WebLink
Comprehensive. Plan Capital Improvements Element <br />Figure 6.18: <br />Future Capital Improvement Expenditures <br />$50,000,000 <br />$40,000,000 <br />so 000 <br />$ o00 <br />$20,000,000 <br />$10,000,000 <br />J <br />N$0 <br />, <br />FY 2017/18 <br />FY 2018/19 FY 2019/20 <br />FY 2020/21 FY 2021/22:. <br />oConservation & Aquifer Recharge <br />mEmergency Services <br />oGeneral Services/Facilities Mgmnt <br />■Law Enforcement & Corrections <br />pRecreation & Open Space <br />■Sanitary Sewer & Potable Water <br />oSolid Waste <br />ostormwater Management <br />oTransportation <br />Fiscal Assessment <br />This section examines the County's ability to fund the capital improvements listed in table 6. 10, with <br />the exception of public school facilities, and assesses whether sufficient revenue will be available <br />within the existing budget framework utilized by the County to fund the needed improvements at the <br />time that those improvements will be required. This assessment process consists of forecasting future <br />revenue receipts and comparing those receipts to anticipated expenditures. With this process, it is <br />possible to quantify annual revenue surpluses and shortfalls, providing a basis for examining <br />opportunities for financing needed capital improvements. The expenditure estimates include <br />operating costs. <br />For the public school facilities listed in table 6.10, the School District of Indian River County is <br />responsible for funding the capital improvements. The School District's adopted "Summary of <br />Capital Improvements Program" (Appendix C) and "Summary of Estimated Revenue" (Appendix D) <br />provide a detailed review of the financial feasibility of the School District's Five Year Capital Plan. <br />Proiected Expenditures <br />Table 6.11 shows the County's projected expenditures for fiscal years 2016/172017/18 through <br />2020/212020/21. By fiscal year 2420/242021/22, the County is forecasted to have annual <br />expenditures totaling $320,7_26,77. $332,600,062. In FY 29201-1-2021/22, the category projected to <br />have the largest expenditures is the Public Safety category. For the five-year period beginning in <br />Community Development Department Indian River County <br />Adopted , Ordinance 2017- 34 <br />P281 <br />