|
Comprehensive Plan Capital Improvements 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 />2021/22
<br />$73,942,886
<br />$26,575,997
<br />2022/23
<br />$69,647,496
<br />$20,810,000
<br />2023/24
<br />$74,441,863
<br />$30,157,000
<br />2024/25
<br />$73,168,000
<br />$20,866,000
<br />2025/26
<br />$57,362,733
<br />$21,388,000
<br />Source: Indian River County Office of Management and Budget.
<br />Table 6.12 shows that, in FY 2025/26, the forecast expenses for potable water and sanitary sewer
<br />services are expected to be $57,362,733. That is an decrease of 22.42% from the FY 2021/22 forecast
<br />expenses of $73,942,886. Table 6.12 also shows that, in FY 2025/26, the projected expenses for solid
<br />waste services are expected to be $21,388,000. That is a decrease of 19.52% from the FY 2021/22
<br />projected figure of $26,575,997.
<br />Operating Cost Projections
<br />Table 6.13 provides forecasts of overall operating costs for the County for fiscal years 2021/22
<br />through 2025/26. In fiscal year 2025/26, the County is forecast to incur approximately $333,104,000
<br />in operating costs. Based on the figures shown in Table 6.13, the county's operating costs are forecast
<br />to increase 10.36% between 2021/22 and 2025/26.
<br />Table 6.13: Indian River Coun , Overall Operating Cost Projections
<br />Fiscal Year
<br />Total Operating Costs
<br />2021/22
<br />$301,814,924
<br />2022/23
<br />$309,348,750
<br />2023/24
<br />$317,075,750
<br />2024/25
<br />$324,988,750
<br />2025/26
<br />$333,104,000
<br />Source: Indian River County Office of Management and Budget
<br />Projected 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 year
<br />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 _ 2021, Ordinance 2021 -
<br />Indian River County
<br />35
<br />166
<br />
|