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Existing Deficiencies
<br /> As presented previously , the current LOS for solid waste collection will be the adopted
<br /> LOS standard . Hence , there are no existing deficiencies that need to be addressed in this
<br /> area . While there are no existing deficiencies , adopting the current LOS as the standard
<br /> does , in fact, create the need to expand facilities in the near future to meet the needs of
<br /> new growth .
<br /> Net Solid Waste Facilities Impact Cost
<br /> Table IV - 11 presents the net impact cost (gross costs less credit) for new development
<br /> through 2020 . New growth ' s share of the capital expansion needs and contribution to the
<br /> fund balance during this period is approximately $3 . 5 million . The net impact cost per
<br /> resident resulting from this capital expansion need as well as new growth ' s contribution
<br /> to the fund balance to retain a fund balance of $ 30 million by 2020 is $ 71 . 75 . This fee
<br /> generates the necessary revenues to pay for the $ 1 . 2 million in capital expansion
<br /> expenditures needed to serve new growth and contribute $ 2 . 3 million necessary to retain
<br /> a fund balance of $ 30 million.
<br /> Table IV - 11
<br /> Net Impact Cost
<br /> New Growth's -
<br /> Portion of New Growth 's New Net Impact Total Impact
<br /> New Capital Exp in Contribution 3o Growth's Net Impact Costlier Fee Net
<br /> Fiscal Year Po ulationttl Current $t�1 Fund Balance(3) Creditt4l ' Cosel Resident(6) Revenue(7) RevenueO)
<br /> FY 05/06 21756 $ 180,879 $ 129,284 $444 ,460 4134,297 $71 . 75 $ 1971743 $332,040
<br /> FY 06/07 2,811 $ 185 ,220 $ 131 ,864 $453 ,330 4136,246 $71 . 75 $201 ,689 $337 ,935
<br /> FY 07/08 1 21867 $288,450 $ 134,491 $4625361 -$395420 $71 . 75 $205 ,707 $245 , 127
<br /> FY 08/09 21922 $ 11989,720 $ 137 ,071 $471 ,231 $ 126555560 $71 . 75 $2091654 -$ 114455906
<br /> FY 09/ 10 2,978 $2,006,917 $ 139,698 $480 ,262 $ 11666,353 $71 . 75 $2131672 -$ 11452,681
<br /> FY 10/ 11 31349 $636,422 $ 1575102 $ 540 ,093 $253 ,431 $71 . 75 $240,291 -$ 131140
<br /> FY 11 / 12 3 ,426 $0 $ 1601714 $552 ,511 -$391 , 797 $71 . 75 $245 ,816 $6379613
<br /> FY 12/ 13 31500 $o $ 164, 185 $ 564 ,445 -$400,260 $71 . 75 $251 , 125 $651 ,385
<br /> FY 13/ 14 31578 $241849 $ 1671844 $ 5773024 -$3841331 $71 . 75 $256,722 $6413053
<br /> FY 14/ 15 37658 $704,842 $ 1711597 $ 589,926 $286 ,513 $71 . 75 $262,462 -$241051
<br /> FY 15/ 16 31374 $o $ 158,274 $5441125 -$3851851 $71 . 75 $242 ,085 $6271936
<br /> FY 16/ 17 31442 $ 110,062 $ 1611464 $555 ,091 -$283, 565 $71 . 75 $2463964 $530,529
<br /> FY 17/ 18 3 ,507 $80109 $ 164,513 $565 ,574 $400 ,838 $71 . 75 $251 ,627 -$ 1491211
<br /> FY 18/ 19 31578 $ 1 ,200,942 $ 167,844 $577,024 $791 ,762 $71 . 75 $256,722 4535 ,040
<br /> FY 19/20 3 ,616 $ 1 ,056,4371 $ 169,627 $ 583 , 152 $6421912 $71 . 75 $259,448 4383 ,464
<br /> Total 1 49,3621 $93186,639 $2 ,315 , 572 $75960,609 $3 ,541 ,602 $3 , 5411727 $ 125
<br /> New growth' s contribution to the fund balance perperson(9) $46 . 91
<br /> Credit per person ( 2005-2020) 101 $ 161 . 27
<br /> ( 1 ) Source : Table IV-3
<br /> (2 ) Source : Table IV-6
<br /> (3 ) New growth ' s contribution to fund balance per person (Item 9 ) multiplied by new population
<br /> (Item 1 ) .
<br /> (4 ) New population (Item 1 ) multiplied by credit per person (Item 10 ) .
<br /> ( 5 ) New growth ' s portion of capital expenditures in current dollars (Item 2 ) plus new growth ' s
<br /> contribution to fund balance ( Item 3 ) less new growth ' s credit (Item 4 ) .
<br /> ( 6) Fees required to generate approximately $ 3 . 5 million .
<br /> Tindale -Oliver & Associates , Inc . Indian River County
<br /> May 2005 IV - 18 Impact Fee Study
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