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CAPITAL IMPROVEMENTS ELEMENT Fiscal Assessment Summary This section provides -an analysis of the county's revenues and expenditures for its capital improvement needs for the seven year period beginning in fiscal year (F%) 1993-94 and ending in FY 1999- 2000. The estimated costs of the county's capital improvement needs for this seven year projection period are derived from each applicable comprehensive plan element's capital improvement schedule or program and other identified facility needs. The estimated costs of these capital improvements are summarized by individual element and year in Table 13.18. Also, Table 13.23 summarizes each individual element's capital improvement needs, along with their cost, timeframe, and revenue source(s). Table 13.24 provides further data specific to priority transportation improvements. The estimated revenues to be used to pay for the projected capital improvements needs consist of existing revenue sources and proposed revenue sources. For purposes of this analysis, proposed revenues are assumed to have been approved and implemented as required in order to balance anticipated revenues and expenditures. Table 13.18 provides a summary of the projected revenues and expenditures by element category for capital improvements needs for fiscal years 1993-94 through 1999-2000. This table identifies each revenue by source and amount of revenue for each year by element. The table also identifies the amount of estimated expenditure costs and revenue for each element by year. The resulting balance of each element's costs versus its revenues is also provided in Table 13.18. The projected revenue from the adopted One -Cent Local Option Sales Tax identified in Table 13.18 is carried over from year to years The tax became effective June 1, 1989. The county anticipated revenue from the tax is approximately $5.3 million per year for a maximum of 15 years. It is projected that the tax will have a 5% to 6% growth factor per year beginning in fiscal year 1989-90. For the Traffic Circulation element, estimated revenues consist of gas taxes, traffic impact fees and a portion of the adopted One Cent Local option Sales Tax. As indicated in Table 13.18, the revenues are expected to fund the anticipated costs of the Identified traffic circulation capital improvement needs for the seven year period. The estimated revenue from gas taxes is not exclusively for capital improvement financing. These revenues are also used to fund other transportation related expenditures such as operating costs. The Drainage element's revenue sources consist of the use of funds from the road and bridge, transportation improvement and park improvement funds. Also, revenues are proposed from the adoption