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Table X =9 <br /> Programmed Capital Costsl ' 1 <br /> Fiscal Year Fiscal Year Fiscal Year Fiscal Year ' Fiscal Year Five-Year Total <br /> Project Description 2004/05 2005/06 2006/07 2007/08 2008/09 (FY 2004/05 to FY 2008/09) <br /> West Regional Park ( 100 Acres) $4501000 $ 1305000 $ 1 ,5001000 <br /> South County Park $2 ,3001000 $2 ,3001000 <br /> North County Park-Ballfields $21000 ,000 $2007000 <br /> Total $4,300,000 $0 $4509000 $ 1 ,050,000 s0 $598009000 <br /> ( 1 ) Source : Office of Management and Budget, IRC <br /> Unit Cost <br /> Table X - 10 presents the total cost per resident for both regional and neighborhood/ <br /> community parks that will be used in the remainder of the impact fee analysis . These <br /> unit costs , $ 865 per resident for regional parks and $ 53 per resident for community and <br /> neighborhood parks , were calculated as the sum of the land cost and the equipment cost . <br /> Table X - 10 <br /> Unit Cost per Resident <br /> Cost perResident/Calculation `Step Figure <br /> Regional Parks <br /> Regional Parks Land Cost per Resident( t ) $419 . 56 <br /> Regional Parks Equipment Cost per Resident(2) $445 . 57 <br /> Total Regional Parks & Recreational Facilities Cost per Resident $865. 13 <br /> NeighborhoodlCommunity Parks <br /> Neighborhood & Community Parks Land Cost per Resident( t ) $26 . 31 <br /> Neighborhood & Community Parks Equipment Cost per Resident(3 ) $26 . 97 <br /> Total Neighborhood/Community Neighborhood/CommunityParks & Recreational Facilities Cost per Resident $53 .28 <br /> ( 1 ) Source : Table X-6 <br /> ( 2 ) Source : Table X-7 <br /> (3 ) Source : Table X- 8 <br /> Credit Component <br /> To avoid overcharging new development for the capital cost of providing parks and <br /> recreation services , a review of the capital financing program for parks and recreation <br /> was completed . The purpose of this review was to determine any potential revenues , <br /> other than impact fees , generated by new development that could be used for capital <br /> facilities , land , and equipment expansion of the parks and recreation program . <br /> Revenue Sources for Capital Expenditures <br /> The IRC Recreation Department has six different sources that are consistently used for <br /> capital expenditures in the parks and recreation program . These funding sources are : <br /> Tindale -Oliver & Associates , Inc . Indian River County <br /> May 2005 X - 16 Impact Fee Study <br />