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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 />2022/23
<br />$62,523,219
<br />$31,142,998
<br />2023/24
<br />$63,811,663
<br />$35,522,000
<br />2024/25
<br />$65,437,000
<br />$25,684,000
<br />2025/26
<br />$57,642,187
<br />$25,916,000
<br />2026/27
<br />$59,215,000
<br />$24,442,000
<br />Source: Indian River County Office of Management and Budget.
<br />Table 6.12 shows that, in FY 2026/27, the forecast expenses for potable water and sanitary sewer
<br />services are expected to be $59,215,000. That is a decrease of 5.29% from the FY 2022/23 forecast
<br />expenses of $62,523,219. Table 6.12 also shows that, in FY 2026/27, the projected expenses for solid
<br />waste services are expected to be $24,442,000. That is a decrease of 21.52% from the FY 2022/23
<br />projected figure of $31,142,998.
<br />Oneratint! Cost Proiections
<br />Table 6.13 provides forecasts of overall operating costs for the County for fiscal years 2022/23
<br />through 2026/27. In fiscal year 2026/27, the County is forecast to incur approximately $444,384,250
<br />in operating costs. Based on the figures shown in Table 6.13, the county's operating costs are forecast
<br />to decrease 16.5% between 2022/23 and 2026/27.
<br />Table 6.13: Indian River ountv Overall Operating Cost Pro'ections
<br />Fiscal Year
<br />Total Operating Costs
<br />2022/23
<br />$532,168,114
<br />2023/24
<br />$493,500,510
<br />2024/25
<br />$473,646,357
<br />2025/26
<br />$458,719,334
<br />2026/27
<br />$444,384,250
<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 />Community Development Department Indian River County
<br />Adopted December _, 2022, Ordinance 2022- 36
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