2005-169a - Laserfiche WebLink

Home Browse Search

Imposing a solid waste facilities impact fee serves a two-fold purpose . First, it enables the County to retain , or possibly reduce , the current assessment fee , while generating sufficient dollars to accommodate the needs of the existing and new population . Second , it allows the County to accumulate the necessary fund balance to comply with FDEP regulations . To illustrate this point, it is assumed that the assessment fee rate will remain at FY 04/05 levels upon the adoption of the impact fee . As shown in Table IV- 8 , the County reduced assessment fee rates by an average of one percent per year over a seven -year period . Keeping the assessment fee rates at current levels over the next 15 years actually results in a reduction of the fees in terms of real dollars when inflation is taken into consideration . The study objective is that imposing impact fees will result in the County not having to increase its assessment fee rates , while still allowing it to carry the necessary fund balance required to meet FDEP regulations . Table IV =8 Changes in the Assessment Fee Rates ( ' ) Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Adopted FY Rates 1998/99 1999/2000 2000/01 2001/02 12002/03 2003/04;' 2004105 Average Residential Per Waste Generation Unit (WGU) $48 . 23 $47. 56 $47 . 56 $47. 56 $47. 56 $47.45 $46 . 86 Percent Chane - 1 .4% 0 . 0% 0.0% 0.0% -0.2% - 1 . 2% -0 . 5 % Per Equivalent Residential Unit (ERU) $77. 17 $76. 10 $76 . 10 $76. 10 $76. 10 $75 .92 $74.98 Percent Chane - 1 .4% 0.0% 0. 0% 0.0% -0. 2% - 1 .2% -0. 5 % Commercial Per Waste Generation Unit (WGU) 1 $34 .45 $33 . 70 1 $33 . 70 1 $33 .70 1 $32 .58 1 $32 . 53 $31 .89 Percent Change 1 -2 . 2%1 0. 0%1 0.0% -3 . 3 % -0.20, ( 1 ) Source : Office of Management and Budget, IRC In addition, it is assumed that 15 percent of all revenues will be dedicated for capital expansion of the Solid Waste Program . As shown in Table IV - 7 , the revenues available to fund capital ranged from 18 . 2 percent of total revenues in FY 99/00 to 26 . 8 percent in FY 00/01 , with an average of 18 . 6 percent from FY 99/00 to FY 04/05 . In addition , the County did not budget any District revenues for capital expenditures in FY 04/05 . To be conservative , however, this analysis assumes that 15 percent of all District revenues will be allocated to the capital expansion projects , and this percentage will be used to calculate the impact fee credit . (This space intentionally left blank) Tindale-Oliver & Associates , Inc . Indian River County May 2005 IV- 15 Impact Fee Study