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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 <br />35 <br />