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differences. Because gas taxes are levied on a per gallon basis rather than a price percentage basis
<br />like the sales tax, gas taxes do not increase as a result of rising prices the way that sales taxes do.
<br />Further, gas taxes do not typically decline as significantly as sales taxes during economic slowdowns.
<br />For property taxes, impact fees, user fees, interest earnings, and other revenues, additional behavioral
<br />characteristics were considered in forecasting future receipts. All such forecasts were developed with
<br />the use of professionally accepted methodologies. To ensure a financially balanced CIP (see
<br />Appendix A), scheduled expenditures were constrained by projected revenues.
<br />As part of this capital improvements element, the County's general revenues were forecasted for fiscal
<br />years -2018,119-2019/20 through 2422442023/24. This section addresses general revenues and
<br />earmarked projected revenues as well as the county's tax base and millage rate projections.
<br />• Overall Forecasted Revenues
<br />Table 6.7 summarizes the County's forecasted revenue for fiscal years 21-9-2019/20 through
<br />�n 39023/24. Those revenues include the County's general governmental funds, enterprise funds,
<br />and internal funds. As table 6.7 shows, general revenue collected by the County is forecast to
<br />decrease from fiscal year 2n�2019/20 to fiscal year ==32023/24 with revenues from "Other
<br />Sources" such as grants decreasing. Projecting a decrease in grant funding due to uncertainty of future
<br />grants is a conservative approach. Actual grant funding may be greater than projected.
<br />Table 6.7: Overall General Revenue Projection Summary
<br />FY
<br />201.849-2019/20
<br />2019/20 2020/21
<br />2020/24-2021/22
<br />2024fa22022/23
<br />20aa4 2023/24
<br />TOTAL
<br />Taxes
<br />s!35,293,,4§0
<br />$145,293 007
<br />$138;676;099
<br />$148,925,000
<br />$142143;800
<br />$152,648,000
<br />$145,69:7,000
<br />$156,464,000
<br />$149;339,888
<br />ILD176 000763
<br />X48,50
<br />706 0 7
<br />Permits, Fees &
<br />Special Assess.
<br />$31,56:7,629
<br />$3o z�nw
<br />933166,.000
<br />e'�88
<br />$34;845;009
<br />$163;930;633
<br />$33,021,441
<br />33 847.000
<br />$34.693.000
<br />35 560 AOQ
<br />$36-449.000173
<br />570 441.00
<br />Intergovern-
<br />$22,880,216
<br />$23 n�00
<br />$24,039,009
<br />$24,639,000
<br />$25,255,0
<br />$129,264,216
<br />ment
<br />23 501 341
<br />$24,089,000
<br />$2091,000
<br />$253 8 000
<br />$25,941,000
<br />$123,530,341.00
<br />Charges for
<br />$77,006,893
<br />$78;932,888
<br />$ 00
<br />$ 00
<br />$85,001,0
<br />S494,772,89 c4n�99
<br />Services
<br />$83395.900
<br />$85.276.000
<br />$87.40&000 000
<br />$89 593 000
<br />19L833,000 000
<br />$437 305 900.00
<br />Judgements,
<br />Fines &
<br />$440168
<br />$429,909
<br />$434-000
<br />$442,089
<br />$443-800
<br />$2,156,160
<br />Forfeitures
<br />$463,120
<br />$475,000
<br />$487,000
<br />iMoffl
<br />1511,000
<br />$2 435_1 2000
<br />Interest &
<br />eo�0
<br />$5-489-880
<br />$8,701,,099
<br />$8,949•,889
<br />$9,142,999
<br />$43 c�0
<br />Misc.
<br />$9.061,0 9
<br />$9,288,000
<br />19,520000
<br />oQ 758 000
<br />$10.002 000
<br />47 629 04 .
<br />Other Sources
<br />�� 532
<br />4--,�='-'�
<br />$191,529,443
<br />eon 188 23
<br />"T`o'="
<br />$79,923,833
<br />$67,4 40,191
<br />$450,194,233
<br />$123,445.29
<br />$112300,161
<br />1 $82,680,698
<br />$23,474,906
<br />1 172150 983
<br />1 $484 252 047
<br />TOTAL
<br />$397,552, n
<br />417,981,157
<br />$3o�449
<br />$414.200.161
<br />1 $368,572,234
<br />392 127 693
<br />6376,643-893
<br />JILQ&56 906
<br />1 c � o�srr,475,1n91
<br />1122A62M
<br />1 $1,897,999,625
<br />$2,032,428,2Q5
<br />Source: Indian River County Office of Management and Budget.
<br />Community Development Department Indian River County
<br />Adopted December , 2019, Ordinance 2019-_ 29 281
<br />
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