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Comprehensive Plan Capital Improvements Element <br />Tabk 6.12: Projected Ezpensea Par WatRi Sewers M <br />s9ildwaste <br />Fiscal Year <br />Potable Water 6E Sanitary Sinver <br />Solid Waste <br />2019/20 <br />$54,889,737 <br />$17,807,578 <br />2020/21 <br />$52,580,279 <br />$21,074,000 <br />2021/22 <br />$56,836,126 <br />$17,110,000 <br />2022/23 <br />$44,411,188 <br />$18,737,000 <br />2023/24 <br />$68,012,233 <br />$24,924,000 <br />Source: matan tuver county vtttce of Management and Budget. <br />In FY 2023/24, the forecast expenses for potable water and sanitary sewer services are expected to be <br />$68,012,233. That is an increase of 25.51% from the FY 2019/20 forecast expenses of $54,889,737. <br />Table 6.12 shows that, in FY 2023/24, the projected expenses for solid waste services are expected to <br />be $24,924,000. That is an increase of 39.96% from the FY 2019/20 projected figure of $17,807,578. <br />Operating Cost Projections <br />Table 6.13 provides forecasts of overall operating costs for the County for fiscal years 2019/20 <br />through 2023/24. In fiscal year 2023/24, the County is forecast to incur approximately $299,937,750 <br />in operating costs. Based on the figures shown in Table 6.13, the county's operating costs are forecast <br />to increase 8.54% between 2019/20 and 2023/24. <br />Table 6.13: Indian River CouMY Overam gnaftr4aXiMew-ons <br />Fiscal Year <br />Total Oncrotw1coits <br />2019/20 <br />$276,338,018 <br />2020/21 <br />$281,588,315 <br />2021/22 <br />$285,504,000 <br />2022/23 <br />$292,629,750 <br />2023/24 <br />$299,937,750 <br />Souree: Indian River County Office of Management and Budget <br />Proiected 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 />for 10, 20, and 30 years. As table 6.14 indicates, the County's available bonding capacity for a 10 year <br />issue is $222,800,000, while its bonding capacity for a 30 year issue is $488,800,000. <br />Community Development Department Indian River County <br />Adopted December 3, 2019, Ordinance 2019-020 35 <br />