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Table V- 8 summarizes the capital expenditures over the last six fiscal years . Besides
<br /> identifying whether the expenditure was a replacement or expansion of the existing
<br /> capital inventory , the table provides the percent of total capital expenditures that were
<br /> funded through general fund revenue .
<br /> Table V -8
<br /> Programmed Expenditures per Functional Resident
<br /> Expansion/ 'Fiscal Year Fiscal Year Fiscal Year Fiscal Year =Fiscal Year > Fiscal Year Total - Five .
<br /> Description Replacement 1998/99 1999/00 ' : 2000/01 2001/02 2002/03 2003/04 Year History
<br /> Enterprise Fund
<br /> New County Al ministration Buildin Ex ansion $ 1 ,098,679 $ 1 ,098,679
<br /> Total Expansion - Enter rise Fund 50 50 s0 50 I $0 I 51, 098, 679
<br /> General Fund
<br /> Health Department Roof Replacement $74,867 $9,830 $84,696
<br /> Courthouse Washing and Painting Replacement $25,000 $25,000
<br /> Tax Collector Air Conditioning Replacement $ 14, 613 $ 14,613
<br /> Courthouse Record Storage Shelving Replacement $49, 500 $491500
<br /> Health Department Air Conditioning Replacement $30,000 $61 ,269 $91 ,269
<br /> Health Department Generator Expansion $ 18,400 $ 18,400
<br /> Total Exansion - General Fund $0 SO $18, 400 50 $0 518, 400
<br /> Optional Sales Tax
<br /> Fiber Optic Expansion $ 149,721 $ 10,386 $251 , 562 $ 15,719 $ 180,911 $807,488 $ 1 ,415,786
<br /> Winter Beach Cemetery Expansion $ 1 ,200 $ 1031057 $ 104,257
<br /> Fleet Management Facilit Replacement $ 17,608 $421 ,644 $330,485 $36, 567 $3 ,274,855 $4,081 , 159
<br /> Financial Software Replacement $7,000 $530,099 $ 154,458 $6911557
<br /> Health Department Dental Clinic Expansion $20,350 $358,569 $378,919
<br /> Humane Society Building Replacement $380,073 $380,073
<br /> New County Administration Building Replacement $28,370 $7,422 $ 179,358 $215, 150
<br /> New County Administration Building Expansion $7,050,000 $7,050,000
<br /> Mise. Land Purchases Expansion $57,416 $57,416
<br /> Misc. Building Alterations Replacement $328,988 $60,861 $233 $58,426 $32,201 $480,708
<br /> Total Ex ansion - Optional Sales Tax $108, 337 $113, 443 $171, 911 5374, 188 $180, 911 $9, 006, 379
<br /> Total - Governmental Buildings 1 $2089337 $113,443 $290,312 $374,288 $180,911 $10, 1239458
<br /> Percent of Total Expansion Revenues from General Fund 0. 18%
<br /> ( 1 ) Source : Office of Management and Budget, IRC
<br /> (2 ) The percent of total general fund revenues used for expansion over the total capital
<br /> expenditures for expansion for FYs 1999 -2003 .
<br /> The capital expenditure credit per functional resident was calculated using the average
<br /> capital expansion expenditures during the last six years and planned projects budgeted
<br /> during the next five years . The average annual capital expenditure amount was divided
<br /> by the average functional residents during this eleven year period , resulting in an average
<br /> capital expansion cost per functional resident of $ 14 . This information is presented in
<br /> Table V - 9 .
<br /> It is the County ' s intent to use impact fee revenues as the primary funding source for
<br /> future capital expansion needs of the public building program and to maintain or reduce
<br /> the average annual dollar amount shown in this report toward capital expansion needs . In
<br /> other words , the County intends to use non- impact fee revenue sources as the primary
<br /> funding source for capital replacement, operations and maintenance expenses . As such ,
<br /> credit calculations for future expenditures do not include an escalation factor .
<br /> Tindale -Oliver & Associates , Inc . Indian River County
<br /> May 2005 V - 10 Impact Fee Study
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