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Comprehensive Plan Capital lmprovenlents Element
<br />Table 6.12: Projected Expenses for Water, Sewer, and Solid Waste
<br />Fiscal Year
<br />Potable Water & Sanitary Sewer
<br />Solid Waste
<br />20120/21
<br />$61,613,708
<br />$24,226,067
<br />2021/22
<br />$57,990,809
<br />$18,374,000
<br />2022/23
<br />$44,394,496
<br />$1$,833,000
<br />2023/24
<br />$60,378,233
<br />$28,804,000
<br />2024/25
<br />$68,347,000
<br />$19,787,000
<br />Source: Indian River County Ott -ice of Management and Budget.
<br />Table 6.12 shows that, in FY 2024/25, the forecast expenses for potable water and sanitary sewer
<br />services are expected to be $68,347,000. That is an increase of 10.92% from the FY 2020/21 forecast
<br />expenses of $61,613,708. Table 6.12 also shows that, in FY 2024/25, the projected expenses for solid
<br />waste services are expected to be $19,787,000. That is a decrease of 18.32% from the FY 2020/21
<br />projected figure of $24,226,067.
<br />Operating Cost Projections
<br />Table 6.13 provides forecasts of overall operating costs for the County for fiscal years 2020/21
<br />through 2024/25. In fiscal year 2024/25, the County is forecast to incur approximately $320,264,750
<br />in operating costs. Based on the figures shown in Table 6.13, the county's operating costs are forecast
<br />to increase 10.35% between 2020/21 and 2024/25.
<br />Table 6.13: Indian River Count - Overall Operatilig OperatingCost Projections
<br />Fiscal Year
<br />Total Operating Costs
<br />2020/21
<br />$290,205,677
<br />2021%22
<br />$297,432,000
<br />2022/23
<br />$304,854,750
<br />2023/24
<br />$312,467,750
<br />2024/25
<br />$320,264,750
<br />Source: Indian River County Office of Management and Budget
<br />Proiected 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 />Table 6.14 identifies the amount of revenue that the County can raise by issuing revenue bonds.
<br />Those bonds can be issued without a public vote. That table identifies the County's bonding capacity
<br />for 10, 20, and 30 years. As table 6.14 indicates, the County's available bonding capacity for a 10
<br />year issue is $233,400,000 while its bonding capacity for a 30 year issue is $585,800,000.
<br />Community Development Department
<br />Adopted December 1" 2020, Ordinance 2020-018
<br />Indian River County
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