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Fiscal Assessment
<br />This section examines the County's ability to fund the capital improvements listed in table 6. 10, with
<br />the exception of public school facilities, and assesses whether sufficient revenue will be available
<br />within the existing budget framework utilized by the County to fund the needed improvements at the
<br />time that those improvements will be required. This assessment process consists of forecasting future
<br />revenue receipts and comparing those receipts to anticipated expenditures. With this process, it is
<br />possible to quantify annual revenue surpluses and shortfalls, providing a basis for examining
<br />opportunities for financing needed capital improvements. The expenditure estimates include
<br />operating costs.
<br />For the public school facilities listed in table 6.10, the School District of Indian River County is
<br />responsible for funding the capital improvements. The School District's adopted "Summary of
<br />Capital Improvements Program" (Appendix C) and "Summary of Estimated Revenue" (Appendix D)
<br />provide a detailed review of the financial feasibility of the School District's Five Year Capital Plan.
<br />Projected Expenditures
<br />Table 6.11 shows the County's projected expenditures for fiscal years 2019/2020 through 2022/2023.
<br />By fiscal year 2023/24, the County is forecasted to have annual expenditures totaling $397,462,983.
<br />In FY 2023/24, the category projected to have the largest expenditures is the Public Safety category.
<br />For the five-year period beginning in fiscal year 2019/20 and ending in fiscal year 2023/24, the
<br />County's expenditures are forecast to decrease by 4.98%.
<br />Table 6.11: Indian River County Overall General Expenditures Projection Summary
<br />FY
<br />2019/20
<br />2020/21
<br />2021/22
<br />2022/23
<br />2023/24
<br />General Gov't. Services
<br />$66,277,888
<br />$62,464,000
<br />$64,761,000
<br />$65,406,000
<br />$66,269,000
<br />Public Safety
<br />$109,035,731
<br />$111,249,000
<br />$110,193,000
<br />$116,567,000
<br />$114,242,000
<br />Physical Environment
<br />$92,370,545
<br />$85,347,279
<br />$84,703,126
<br />$72,993,188
<br />$103,364,233
<br />Transportation
<br />$67,479,332
<br />$66,205,448
<br />$63,676,572
<br />$83,566,968
<br />$47,204,000
<br />Economic Environment
<br />$503,942
<br />$517,000
<br />$530,000
<br />$543,000
<br />$557,000
<br />Human Services
<br />$9,715,152
<br />$9,958,000
<br />$10,207,000
<br />$10,462,000
<br />$10,724,000
<br />Culture/Recreation
<br />$23,672,718
<br />$37,250,119
<br />$16,484,000
<br />$15,664,000
<br />$15,983,000
<br />Debt Service
<br />$5,050,341
<br />$3,518,315
<br />$483,000
<br />$482,750
<br />$486,750
<br />Other
<br />$43,875,508
<br />$37,691,000
<br />$41,090,000
<br />$44,972,000
<br />$38,633,000
<br />TOTAL
<br />$417,981,157
<br />$414,200,161
<br />$392,127,698
<br />$410,656,906
<br />$397,462,983
<br />Source: Indian River County Office of Management and Budget.
<br />Community Development Department Indian River County
<br />Adopted December , 2019, Ordinance 2019-_ 33 192
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