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• optional sales tax ; <br /> • bequests ; and <br /> • ad valorem taxes . <br /> The primary revenue source for library capital projects over the past five years has been <br /> the optional sales tax, which also will be the funding source for the programmed <br /> improvements during the next five years . <br /> Although library bequests contributed toward capital expenditures in the past, County <br /> representatives indicated that this revenue source tends to fluctuate significantly and is <br /> not reliable . To be conservative , however, it will be included in the credit calculations . <br /> Table VI - 14 presents funding sources for capital expansion expenditures over a 10 -year <br /> period . The annual average for library bequests was calculated based on a five -year <br /> period , since future bequests are not known at this time . <br /> Table VI - 14 <br /> Library Historical and Programmed <br /> Capital Expansion Funding Sources ( ' ) <br /> Optional <br /> Fiscal Year Sales Tax Bequests Gene al Fund Total <br /> FY 98/99 $ 60, 601 $ 0 $ 0 $ 60 , 601 <br /> FY 99/00 $ 2019196 $ 0 $ 0 $201 , 196 <br /> FY 00/01 $ 784, 120 $ 0 $4 , 145 $ 788 , 265 <br /> FY 01 /02 $ 2 ,4369935 $ 702 , 648 $ 65297 $ 3 , 145 , 880 <br /> FY 02/03 $ 3 , 518 $ 0 $ 922 $45440 <br /> FY 03 /04 $ 321482 N/A $29200 $ 349682 <br /> FY 04/05 $ 0 N/A $ 0 $ 0 <br /> FY 05 /06 $ 0 N/A $ 0 $ 0 <br /> FY 06/07 $ 0 N/A $ 0 $ 0 <br /> FY 07/08 $ 353405000 N/A $ 0 $ 39340 , 000 <br /> Total $ 69858 , 852 $ 702 , 648 $ 137564 $ 79575 , 065 <br /> Annual Average $ 6855885 $ 1405530 $ 1 , 356 <br /> Percent of Total 90 . 55 % 1 9 . 28 % 1 0 . 18 % <br /> ( 1 ) Source : Office of Management and Budget, IRC <br /> Based on historical and planned library capital expenditures from FY 98/99 to FY 07/08 , <br /> optional sales tax funds contribute an average annual amount of $ 686 , 000 (or 91 percent) <br /> toward library capital expansion purchases . Over the past five years , funding received <br /> from bequests averaged $ 141 , 000 per year. Capital expansion expenditures paid from the <br /> general fund is $ 1 , 356 per year, less than 1 percent of the total expansion expenditures <br /> during the ten -year period included in Table VI - 14 . <br /> Tindale -Oliver & Associates , Inc . Indian River County <br /> May 2005 VI - 15 Impact Fee Study <br />