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Comprehensive Plan Capital Improvements Element
<br />Source: Indian River County Office of Management and Budget.
<br />Fiscal Assessment Summary
<br />This section provides an analysis of the County's revenues and expenditures for its capital
<br />improvement needs for the five-year period beginning in FY 2018/19 and ending in FY 2022/23.
<br />While Appendix A details all of the capital improvement projects for the next five fiscal years for
<br />each individual comprehensive plan element by cost, timeframe, and revenue source(s), Table 6.7
<br />provides general revenue projections for the County through fiscal year 2022/23. As shown in Table
<br />6.7, the County will generate $1,897,999,625 in revenues from general funds, enterprise funds, and
<br />internal funds from fiscal year 2018/19 to fiscal year 2022/23. Sources of those funds include sales
<br />taxes, property taxes, grants, impact fees, and other revenues. The funding needed for the capital
<br />improvements listed within Appendix A will come from that $1,897,999,625.
<br />Overall, the County will have enough revenue to cover the costs associated with the five year capital
<br />Community Development Department Indian River County
<br />Adopted December 4, 2018, Ordinance 2018-025 39
<br />Table., 6.15:, Indian, River County. Bond Schedule
<br />FY Ending
<br />Water & Sewer Revenue
<br />Refunding Bonds
<br />Environmentally Sensitive Water & Sewer Revenue
<br />land Acquisition _ Refunding Bonds
<br />Spring Training Facility
<br />Revenue Bonds _
<br />2009 Series 3.68%
<br />$26,370,000
<br />2015 Series 1.66% 2015 Series 1.65%
<br />$20,369;000 $7,170,000,.
<br />2001 Series 4.87%
<br />$16;810,000
<br />Interest
<br />$106,000
<br />Principal
<br />$390,000
<br />Total
<br />1
<br />$496,000
<br />2027
<br />Balance
<br />$1,730,000
<br />Interest
<br />$86,500
<br />Principal
<br />$410,000
<br />Total
<br />$496,500
<br />2028
<br />Balance
<br />$1,320,000
<br />Interest
<br />$66,000
<br />Princi al
<br />$430,000
<br />Total
<br />$496,000
<br />2029
<br />Balance
<br />$890,000
<br />Interest
<br />$44,500
<br />Princi al
<br />$455,000
<br />Total
<br />$499,500
<br />2030
<br />Balance
<br />$435,000
<br />Interest
<br />$21,750
<br />Principal
<br />$435,000
<br />Total
<br />$456,750
<br />2031
<br />Balance
<br />$0
<br />Source: Indian River County Office of Management and Budget.
<br />Fiscal Assessment Summary
<br />This section provides an analysis of the County's revenues and expenditures for its capital
<br />improvement needs for the five-year period beginning in FY 2018/19 and ending in FY 2022/23.
<br />While Appendix A details all of the capital improvement projects for the next five fiscal years for
<br />each individual comprehensive plan element by cost, timeframe, and revenue source(s), Table 6.7
<br />provides general revenue projections for the County through fiscal year 2022/23. As shown in Table
<br />6.7, the County will generate $1,897,999,625 in revenues from general funds, enterprise funds, and
<br />internal funds from fiscal year 2018/19 to fiscal year 2022/23. Sources of those funds include sales
<br />taxes, property taxes, grants, impact fees, and other revenues. The funding needed for the capital
<br />improvements listed within Appendix A will come from that $1,897,999,625.
<br />Overall, the County will have enough revenue to cover the costs associated with the five year capital
<br />Community Development Department Indian River County
<br />Adopted December 4, 2018, Ordinance 2018-025 39
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