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Figure 6.18: Future Capital Improvement Expenditures <br />$60,000,000 <br />$50,000,000 <br />$40,000,000 <br />$30,000,000 <br />$20,000,000 <br />$10,000,000 <br />$o is <br />FY 2019/20 FY 2020/21 FY 2021/22 FY 2022/23 FY 2023/24 <br />oCoastal Managernant GConservation and Aquifer Recharge oEmergenq Services â– Faclilles Hanagernant oLaw Erdorcemerit <br />mParksaWReaeaBon mSantary Sewer B Potable Water OSoidWaste 09tomnwatar Management ciTransponation <br />Source: Indian River County Office of Management and Budget. <br />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 92019/2020 through <br />X22022/2023. By fiscal year 2022232023/24, the County is forecasted to have annual <br />286 <br />