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Comprehensive Plan Capital Improvements Element law, the Secretary of the Florida Department of Health appoints the administrator of the IRCHD with the concurrence of the Board of County Commissioners. The IRCHD maintains its financial records, and prepares its own financial report separate from the county. In the Public School Facilities Element of the County's comprehensive plan, there is an analysis and description of public schools. Based on general locational criteria for public schools, it is assumed that any new facilities which may be constructed in the County by 2026/27 will be located within existing infrastructure service areas or designated expansion areas. Therefore, those systems may be considered to be adequately served by appropriate infrastructure. Fiscal Assessment This section examines the County's ability to fund the capital improvements listed in table 6. 10, with the exception of public school facilities, and assesses whether sufficient revenue will be available within the existing budget framework utilized by the County to fund the needed improvements at the time that those improvements will be required. This assessment process consists of forecasting future revenue receipts and comparing those receipts to anticipated expenditures. With this process, it is possible to quantify annual revenue surpluses and shortfalls, providing a basis for examining opportunities for financing needed capital improvements. The expenditure estimates include operating costs. For the public school facilities listed in table 6.10, the School District of Indian River County is responsible for funding the capital improvements. The School District's adopted "Summary of Capital Improvements Program" (Appendix C) and "Summary of Estimated Revenue" (Appendix D) provide a detailed review of the financial feasibility of the School District's Five Year Capital Plan. Proiected Expenditures Table 6.11 shows the County's projected expenditures for fiscal years 2022/23 through 2026/27. By fiscal year 2026/27, the County is forecasted to have annual expenditures totaling $444,384,250. In FY 2026/27, the category projected to have the largest expenditures is the Public Safety category with $151,311,000 in expenditures. For the five-year period beginning in fiscal year 2021/22 and ending in fiscal year 2026/27, the County's expenditures are forecast to decrease by 16.53%. Community Development Department Indian River County Adopted December _, 2022, Ordinance 2022- 34 253