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• <br />• <br />Indian River County 1 Impact Fee Update Study <br />projects and there are none programmed for the next five years. This spending associated <br />with a portion of the Phase IV expansion results in an average capital expansion expenditure <br />of $2.3 million per year. Since the review of these expenditures spanned Fiscal Years 2008 <br />through 2017, the average annual capital expansion cost is divided by the average <br />functional population for this same period. As shown in Table 11-7, the result is an average <br />expansion cost of $16 perfunctional resident. It should be noted that although the optional <br />sales tax will expire in 2019, this analysis assumes that, if the sales tax is not re -adopted, <br />another revenue source will be used in the future. <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />17 Impact Fee Update Study <br />