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Comprehensive Plan Capital Improvements Element
<br />Table 6.7 summarizes the County's forecasted revenue for fiscal years 2021/22 through 2025/26.
<br />Those revenues include the County's general governmental funds, enterprise funds, and internal funds.
<br />As table 6.7 shows, general revenue collected by the County is forecast to decrease from fiscal year
<br />2021/22 to fiscal year 2025/26 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 />FY
<br />2021/2022
<br />2022/23
<br />2023/24
<br />2024/25
<br />2025/26
<br />TOTAL
<br />Taxes
<br />$153,547,289
<br />$157,386,000
<br />$161,321,000
<br />$165,354,000
<br />$169,488,000
<br />$807,096,289
<br />Permits, Fees &
<br />Special Assess.
<br />$38,403,681
<br />$39,364,000
<br />$40,348,000
<br />$41,357,000
<br />$42,391,000
<br />$201,863,681
<br />Intergovern-
<br />ment
<br />$40,945,895
<br />$41,970,000
<br />$43,019,000
<br />$44,094,000
<br />$45,196,000
<br />$215,224,895
<br />Charges for
<br />.Services
<br />$92,273,381
<br />$94,580,000
<br />$96,945,000
<br />$99,369,000
<br />$101,853,000
<br />$485,020,381
<br />Judgements,
<br />Fines &
<br />Forfeitures
<br />$443,450
<br />$455,000
<br />$466,000
<br />$478,000
<br />$490,000
<br />$2,332,450
<br />Interest & Misc.
<br />$14,325,533
<br />$14,684,000
<br />$15,051,000
<br />$15,427,000
<br />$15,813,000
<br />$75,300,533
<br />Other Sources
<br />$182,684,204
<br />$111,326,704
<br />$89,742,486
<br />$67,768,946
<br />$35,547,127
<br />$487,069,467
<br />TOTAL
<br />$522,623,433
<br />$459,765,704
<br />$446,892,486
<br />$433,847,946
<br />$410,778,127
<br />$2,273,907,696
<br />Source: Indian River County Office of Management and Budget.
<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 />Table 6.8 provides a summary of earmarked revenue forecasts by applicable comprehensive plan
<br />element for fiscal years 2021/22 through 2025/26. As shown in table 6.8, forecasted transportation
<br />revenues are broken down by their sources. Earmarked forecasted transportation revenues are
<br />expected to increase by 4.85% over the next five fiscal years, from $31,541,633 in FY 2021/22 to
<br />$33,071,887 in FY 2025/26.
<br />For potable water and sanitary sewer, earmarked revenue is expected to increase by 10.38% over the
<br />next five fiscal years, from $47,598,479 in FY 2021/22 to $52,539,000 in FY 2025/26. Over the next
<br />Community Development Department
<br />Adopted December _ 2021, Ordinance 2021 -
<br />Indian River County
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