Laserfiche WebLink
Comprehensive Plan Capital Improvements Element <br />financially balanced CIP (see Appendix A), scheduled expenditures were constrained by projected <br />revenues. <br />As part of this capital improvements element, the County's general revenues were forecasted for fiscal <br />_years 2020/21 through 2024/25. This section addresses general revenues and earmarked projected <br />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 2020/21 through 2024/25. <br />Those revenues include the County's general governmental funds, enterprise funds, and internal <br />funds. As table 6.7 shows, general revenue collected by the County is forecast to decrease from fiscal <br />year 2020/21 to fiscal year 2024/25 with revenues from "Other Sources" such as grants decreasing. <br />Projecting a decrease in grant funding due to uncertainty of future grants is a conservative approach. <br />Actual grant funding may be greater than projected. <br />Table 6.7: Overall General Revenue Projection Summary <br />PY <br />2020/21 <br />2021/22 <br />2022/23 <br />2023/24 <br />2024125 <br />TOTAL <br />Taxes <br />$144,096,301 <br />$147,699,000 <br />$151,391,000 <br />$155,176,000 <br />$159,055,000 <br />$757,417,301 <br />Permits, Fees & <br />Special Assess. <br />$35,026,636 <br />$35,902,000 <br />$36,800,000 <br />$37,720,000 <br />$38,663,000 <br />$184,111,636 <br />Intergovern- <br />$41,903,798 <br />$42,951,000 <br />$44,025,000 <br />$45,126,000 <br />$46,254,000 <br />$220,259,798 <br />ment <br />Charges for <br />Services <br />$87,913,285 <br />$90,111,000 <br />$92,364,000 <br />$94,673,000 <br />$97,040,000 <br />$462,101,285 <br />Judgements, <br />Fines & <br />$463,620 <br />$475,000 <br />$487,000 <br />$499;000 <br />$511,000 <br />$2,435,620 <br />Forfeitures <br />Interest& <br />Misc. <br />$9,355,964 <br />$9,590,000 <br />$9,830,000 <br />$10,076,000 <br />$10,328,000 <br />$49,179,964 <br />Other Sources <br />$152,369,061.00 <br />$113,646,186 <br />$75,939,017 <br />$69,047,203 <br />$55,316,793 <br />$466,318,260.00 <br />TOTAL <br />$471,128,665 <br />$440,374,186 <br />$410,836,017 <br />$412,317,203 <br />$407,167,793 <br />$2,141,823,864 <br />iwa i —U. wwuy kimuc at rvianagement ana nuaget. <br />• Earmarked Projected Revenues <br />Earmarked revenues are revenues that are restricted in terms of use. Such revenues may be found in <br />the Transportation Element, Sanitary Sewer Sub -Element, Potable Water Sub -Element, and Solid <br />Waste Sub -Element. <br />Community Development Department Indian River County <br />Adopted December 13' 2020, Ordinance 2020-018 28 <br />