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Source: Indian River County Office of Management and Budget.
<br />Fiscal Assessment Summary
<br />This section provides an analysis of the County's revenues and expenditures for its capital
<br />improvement needs for the five-year period beginning in FY 2019/20 and ending in FY 2023/24.
<br />While Appendix A details all of the capital improvement projects for the next five fiscal years for
<br />each individual comprehensive plan element by cost, timeframe, and revenue source(s), Table 6.7
<br />provides general revenue projections for the County through fiscal year 2023/24. As shown in Table
<br />6.7, the County will generate $2,031,428,904.50 in revenues from general funds, enterprise funds, and
<br />internal funds from fiscal year 2019/20 to fiscal year 2023/24. Sources of those funds include sales
<br />taxes, property taxes, grants, impact fees, and other revenues. The funding needed for the capital
<br />improvements listed within Appendix A will come from that $2,031,428,904.50.
<br />Overall, the County will have enough revenue to cover the costs associated with the five year capital
<br />improvements program. For all projects contained within the County's Capital Improvements project
<br />list, the total estimated cost is $389,169,564 for the next five fiscal years. This is 19.15% of the
<br />overall general fund revenues for the same time period.
<br />Concurrency Management Plan
<br />To ensure that level -of -service standards are maintained, it is necessary to have a system in place
<br />that provides the criteria for measuring facility capacity, assessing development demand on applicable
<br />196
<br />Table 6.15 Indian River CountyBond
<br />Schedule
<br />FY Ending
<br />Environmentally
<br />Sensitive Land
<br />Acquisition
<br />Water & Sewer Revenue
<br />Refunding Bonds
<br />Spring Training Facility
<br />Revenue Bonds
<br />2015 Series 1.66%
<br />S20,369,000
<br />2015 Series 1.65%
<br />$7,170,000
<br />2001 Series 4.87%
<br />$16,810000
<br />Balance
<br />$1,065,000
<br />Interest
<br />S53,250
<br />Principal
<br />S430,000
<br />Total
<br />$483,250
<br />2029
<br />Balance
<br />$635,000
<br />Interest
<br />$31,750
<br />Principal
<br />$455,000
<br />Total
<br />$486,750
<br />2030
<br />Balance
<br />$180000
<br />2031
<br />Interest
<br />$9,000
<br />Principal
<br />$180000
<br />Total
<br />$189,000
<br />Balance
<br />$0
<br />Source: Indian River County Office of Management and Budget.
<br />Fiscal Assessment Summary
<br />This section provides an analysis of the County's revenues and expenditures for its capital
<br />improvement needs for the five-year period beginning in FY 2019/20 and ending in FY 2023/24.
<br />While Appendix A details all of the capital improvement projects for the next five fiscal years for
<br />each individual comprehensive plan element by cost, timeframe, and revenue source(s), Table 6.7
<br />provides general revenue projections for the County through fiscal year 2023/24. As shown in Table
<br />6.7, the County will generate $2,031,428,904.50 in revenues from general funds, enterprise funds, and
<br />internal funds from fiscal year 2019/20 to fiscal year 2023/24. Sources of those funds include sales
<br />taxes, property taxes, grants, impact fees, and other revenues. The funding needed for the capital
<br />improvements listed within Appendix A will come from that $2,031,428,904.50.
<br />Overall, the County will have enough revenue to cover the costs associated with the five year capital
<br />improvements program. For all projects contained within the County's Capital Improvements project
<br />list, the total estimated cost is $389,169,564 for the next five fiscal years. This is 19.15% of the
<br />overall general fund revenues for the same time period.
<br />Concurrency Management Plan
<br />To ensure that level -of -service standards are maintained, it is necessary to have a system in place
<br />that provides the criteria for measuring facility capacity, assessing development demand on applicable
<br />196
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