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BOOK 95 FnE 127
<br />Transportation Impact Fee Funds
<br />Cumulative Revenues and Expenses
<br />(in dollars)
<br />Transportation
<br />MWWt
<br />Interest
<br />$xpenditures
<br />E anc"
<br />Fund Balance
<br />Impact Fee
<br />Fee
<br />and other
<br />13,525,000.00
<br />(CuTently
<br />lees RKpensas
<br />District
<br />AevennM
<br />6
<br />Upensw
<br />committed Lunde)
<br />a 3naum1rancss
<br />-----------------------:
<br />1
<br />---------_��
<br />1,307 302.73
<br />418 168.40
<br />I
<br />149 775.66
<br />366,837.80
<br />1,208,857.67
<br />2
<br />1,154,760.93
<br />373,338.25
<br />327,277.63
<br />700,000.00
<br />500,741.55
<br />3
<br />3,332.233.00
<br />1,073,828.79
<br />465,930.35
<br />2,758,710.38
<br />1,181,421.05
<br />4
<br />661,472.60
<br />743,956.19
<br />1,168,821.16
<br />179,050.00
<br />57,557.11
<br />5
<br />1,719,843.28
<br />172,453.65
<br />1,352,274.40
<br />155,000.00
<br />385,022.53
<br />6
<br />1,936,204.39
<br />760,739.08
<br />902,200.69
<br />943,107.67
<br />651,634.91
<br />7
<br />245,824.91
<br />48,340.27
<br />31,365.48
<br />100,000.00
<br />162,799.70
<br />6
<br />1,277,516.32
<br />234,518.55
<br />491,739.70
<br />862,371.01
<br />137,924.16
<br />9
<br />320,947.69
<br />41,689.97
<br />267,366.06
<br />166,093.31
<br />- 72,821.71
<br />11,956,125.85 3,866,933.15 5,156,751.85 6,253,170.17 4,413,136.98
<br />The County Transportation Capital Improvements Program (TCIP)
<br />identifies transportation projects, and their estimated cost, that
<br />must be completed in order to accommodate the projected growth of
<br />the County and maintain the County's transportation facilities
<br />adopted level of service. The improvements identified by the TCIP
<br />include new roadway development, intersection improvements, roadway
<br />widening and secondary improvements such as right-of-way
<br />acquisition for future physical improvements. The TCIP identifies
<br />the total expenditures anticipated for the next ten years as
<br />follows for each impact fee district:
<br />Projected Transportation
<br />Capital Improvements Expenditures
<br />for 1993 - 2003
<br />(in dollars)
<br />Transportation Impact
<br />Projected
<br />Fee District
<br />$xpenditures
<br />1
<br />3,997,000.00
<br />2
<br />850,000.00
<br />3
<br />13,525,000.00
<br />4
<br />13,115,000.00
<br />5
<br />5,970,000.00
<br />6
<br />15,005,000.00
<br />7
<br />9,350,000.00
<br />8
<br />4,560,000.00
<br />9
<br />1,350,000.00
<br />Total
<br />67,722,000.00
<br />In comparing the totals of the two transportation tables above, it
<br />is evident that the amount of funds available from impact fees are
<br />less than that which will be required to complete the necessary
<br />improvements. The County, therefore, must rely on other income
<br />sources to complete the necessary transportation capital
<br />improvements. The first funds to be used for this purpose are.
<br />those dedicated for transportation activities. These revenues are
<br />generated by one of the following gas taxes, levied by either the
<br />State of Florida or the County:
<br />1.
<br />Constitutional Gas
<br />Tax - levied by the State of Florida
<br />and
<br />distributed to the
<br />county by the State.
<br />2.
<br />County Gas Tax -
<br />levied by the State of Florida
<br />and
<br />distributed to the
<br />county by the State.
<br />3.
<br />Local Option Gas Tax
<br />- optional tax which may be levied by
<br />the
<br />County; Indian River County does levy this tax.
<br />4.
<br />One -Cent Voted Gas
<br />Tax - optional tax which may be levied by
<br />the County with voter approval; Indian River County does
<br />not
<br />levy this tax.
<br />Like impact fees, these
<br />transportation related
<br />however, these revenue
<br />MAY 189 1995
<br />dedicated revenues may be spent only on
<br />activities. Unlike traffic impact fees,
<br />sources are not restricted to capacity
<br />is
<br />
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