|
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 />
|