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iiiiiiiiiiiiiiiiiiiiiillillillillilliillin <br /> intends to use non- impact fee revenue sources as the primary funding source for capital <br /> replacement, operations , and maintenance expenses . As such, credit calculations for <br /> optional sales tax and ad valorem tax do not include an escalation factor . <br /> Credit Calculation <br /> The revenue per functional resident was calculated based on the average capital <br /> expenditure for expansion during the last six years divided by the average functional <br /> resident population during those years . This results in $ 1 . 51 of credit per functional <br /> resident, as presented in Table VIII- 9 . <br /> Table VIII -9 <br /> Revenue per Functional Resident <br /> Fiscal ear Total Six <br /> Equipment 1998/99 1999/00 1 2000/01 - 2001/02 ' 2002/03 1 2003/04 Year History <br /> Total Expansion( O $61 ,0001 $ 165 ,0001 $ 54 ,4381 $291 ,4861 $98,0001 $ 8 , 700 $678 ,624 <br /> Average Expansion per Year $ 113 , 104 <br /> Unincorporated County Area Functional Residents('') 70, 5881 72,5111 73 ,6981 75 ,250 77,008 80 ,437 <br /> , AveraRe Unincorporated County Area Funtional Residents 74,915 <br /> Avera a Expansion per Functional Resident $ 1 .51 <br /> ( 1 ) Source : Table VIII- 8 <br /> (2 ) Source : Table A- 7 <br /> The last component of the credit accounts for past payments of property taxes for vacant <br /> land . Here , the share of total vacant land (residential , commercial , and industrial) to total <br /> taxable value is reviewed to develop the percentage of the vacant land value to the total <br /> unincorporated county taxable value . Table VIII - 10 indicates that the vacant land taxable <br /> value is 11 . 11 percent of total taxable value . This percentage is adjusted to account for <br /> the portion of ad valorem taxes used toward capital expansion expenditures . Based on <br /> information provided in Table VIII - 8 , 76 percent of law enforcement capital expansion <br /> expenditures were funded with ad valorem tax revenues over the past six years . <br /> Applying this percentage to the vacant land value percentage results in an effective <br /> vacant land value percentage of 8 . 44 percent, which is used to give credit for past <br /> property taxes paid by property owners of vacant land . <br /> (This space intentionally left blank) <br /> Tindale -Oliver & Associates , Inc . Indian River County <br /> May 2005 VIII - 11 Impact Fee Study <br />