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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 />2018/19
<br />$50,993,194
<br />$22,281,205
<br />2019/20
<br />$54,815,000
<br />$19,778,000
<br />2020/21
<br />$50,639,000
<br />$16,685,000
<br />2021/22
<br />$48,704,000
<br />$17,102,000
<br />2022/23
<br />$42,895,000
<br />$17,530,000
<br />Source: Indian River County Office of Management and Budget.
<br />In FY 2022/23, the forecast expenses for potable water and sanitary sewer services are expected to be
<br />$42,895,000. That is a decrease of 15.88% from the FY 2018/19 forecast expenses of$50,993,194.
<br />Table 6.12 shows that, in FY2022/23, the projected expenses for solid waste services are expected to
<br />be $17,530,000. That is a decrease of 21.32% from the FY 2018/19 projected figure of $22,281,205.
<br />Operating Cost Projections
<br />Table 6.13 provides forecasts of overall operating costs for the County for fiscal years 2018/19
<br />through2022/23. In fiscal year 2022/23, the County is forecast to incur approximately $284,048,875
<br />in operating costs. Based on the figures shown in table 6.13, the county's operating costs are forecast
<br />to increase 8.38% between 2018/19 and 2022/23.
<br />Table 6.13: Indian River County Overall Operating Cost Projections
<br />Fiscal Year
<br />Total Operating Costs
<br />2018/19
<br />$262,082,836
<br />2019/20
<br />$268,244,980
<br />2020/21
<br />$274,823,524
<br />2021/22
<br />$277,361,178
<br />2022/23
<br />$284,048,875
<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 4, 2018, Ordinance 2018-025 36
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