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Earmarked Projected Expenditures
<br />Table 6.12 identifies the projected expenditures for the water, sewer, and solid waste enterprise funds
<br />for fiscal years 2019/20 through 2023/24. Those expenditures include operating expenses and other
<br />expenses for each year.
<br />According to law, all revenues from capacity charges must be spent on infrastructure improvements
<br />that benefit the payer of the capacity charge. Therefore, capacity charge revenue and expenditure
<br />amounts increase and decrease with development. For that reason, forecasting capacity charge
<br />revenues and expenditures is difficult. That system, however, ensures that new development will not
<br />reduce levels of service below County minimums.
<br />Table 6.12: Projected Expenses for Water, Sewer, and Solid Waste
<br />Fiscal Year
<br />Potable Water & Sanitary Sewer
<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: Indian River County Office 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 ounty Overall Operating Cost Projections
<br />Fiscal Year
<br />Total Operating Costs
<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 />Source: Indian River County Office of Management and Budget
<br />Community Development Department Indian River County
<br />Adopted December , 2019, Ordinance 2019-_ 34 193
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