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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
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