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Table 6.12: Projected Expenses for Water, Sewer, and Solid Waste <br />Fiscal Year <br />Potable Water & Sanitary Sewer <br />Solid Waste <br />291849 2019/20 <br />$50 993, 94 54 889 737 <br />$22,281-,245--$17.807.578 <br />2019,429 2020/21 <br />$54,815,90-0-15 2 580 279 <br />$19-77 �-,A98- 21 074 000 <br />402041-2021/22 <br />$59,639-999- 56 836 126 <br />"i-,6gg0 17 110,000 <br />2.921,122 2022/23 <br />$48 gq;gg� 44 411 188 <br />Q" '�,- n � 18 737 000 <br />242W23-2023/24 <br />$42-895,000•$68.012 233 <br />$1 39;999- 24,924200Q <br />Source: Indian River County Office of Management and Budget. <br />In FY 2n�2023/24, the forecast expenses for potable water and sanitary sewer services are <br />expected to be $42,895,000$68,412,233. That is andeeFease increase of 15.88-%0 25.51% from the FY <br />2019,1192019/20 forecast expenses ofQ50�94$54,889,737. Table 6.12 shows that, in FY29224-23 <br />2023/24, the projected expenses for solid waste services are expected to be x,000$24,924,000. <br />That is an deer -ease of 21.320 39.96% from the FY 2018/19,2019/20 projected figure of <br />$22,281,-2,M$17,807,578. <br />Operating Cost Proiections <br />Table 6.13 provides forecasts of overall operating costs for the County for fiscal years 2018,119 <br />2019/20 through 2822,1232023/24. In fiscal year 2922/232023/24, the County is forecast to incur <br />approximately $284,848;875$299,937,750 in operating costs. Based on the figures shown intTable <br />6.13, the county's operating costs are forecast to increase 8.3 80748.54% between 20184 92019/20 and <br />2022/23,2023/24. <br />Table 6.13: Indian River ounty Overall Operating Cost Projections <br />Fiscal Year <br />Total Operating Costs <br />241-8/-19-2019/20 <br />c26 M7 276 338 018 <br />2049/29-2020/21 <br />$268,244,989: 281 588 315 <br />2022041-2021/22 <br />c274 823,5^24- 285.504 000 <br />'n'—P=_' 2022/23 <br />$27 9 $292.629 750 <br />292?/2� 2023/24 <br />$284048..875-$299 937 750 <br />Source: Indian River County Office of Management and Budget <br />Projected Debt Capacity <br />Debt Financing is one way that the county has provided for its capital facility needs. The primary <br />rationale for providing capital facilities through indebtedness is that it spreads the cost of a facility <br />over its useful life and thus is paid for by those who will use the facility. <br />