Laserfiche WebLink
Table V =9 <br /> Capital Improvement Credit per Functional Resident( ' ) <br /> Expansion/ Enterprise Gen Iral Fund Optional Sales <br /> Year Replacement Funds Expenditures Tax Expenditures <br /> FY 1998/99 Expansion $0 $ 0 $208 , 337 <br /> FY 1999/00 Expansion $ 0 $ 0 $ 113 ,443 <br /> FY 2000/01 Expansion $0 $ 18 ,400 $271 ,912 <br /> FY 2001 /02 Expansion $ 0 $ 0 $3749288 <br /> FY 2002/03 Expansion $ 0 $ 0 $ 1809911 <br /> FY 2003 /04(2) Expansion $ 1 , 0989679 $ 8075488 $ 7 , 050 , 000 <br /> FY 2004/05 Expansion $ 0 $ 0 $4 , 8559000 <br /> FY 2005/06 Expansion $ 0 $ 0 $ 195809000 <br /> FY 2006/07 Expansion $ 0 $ 0 $ 809000 <br /> FY 2007/08 Expansion $ 0 $0 $ 190 , 000 <br /> FY 2008/09 Expansion $ 0 $0 $ 19000 <br /> Total Capital Expenditures for Expansion ( 1999-2009) $ 171018 ,458 <br /> Annual Capital Expenditure Amount(3 ) $ 19547 , 133 <br /> Average Functional Population ( 1999 -2009)(4) 114 , 367 <br /> Annual Capital Expenditure Amount per Functional Resident"' $ 13 . 53 <br /> ( 1 ) Source : Office of Management and Budget, IRC <br /> (2 ) Total capital expenditure amount apportioned to the expansion of the new administrative <br /> complex . This figure is in addition the cost of replacing the existing administrative building . <br /> General fund expenditures budgeted for FY 2003 /04 for the new administration building is <br /> reserved general fund balance . This is a budgeted amount and not an actual expenditure . <br /> ( 3 ) Total capital expenditure amount divided by the number of fiscal years for which the <br /> expenditure data is provided. <br /> (4) The average 11 -hour functional population for FY 1998/99 through FY 2008 /09 is derived <br /> using the annual functional population figures included in Appendix A , Table A- 8 . <br /> ( 5 ) The annual capital expenditure amount (Item 3 ) divided by the average annual functional <br /> population 1999 -2009 ( Item 4 ) . <br /> Vacant Land Credit <br /> The last credit component is for revenue generated from past payments of property taxes <br /> on vacant land that are used to fund capital expansion projects . This calculation is a two - <br /> step process . First, the percentage of the total countywide value of vacant land to the <br /> total value of all property is calculated . Revenues generated by past payment of property <br /> taxes on vacant land are deposited into IRC ' s general fund . Therefore , the second <br /> calculation considers the portion of total capital expansion expenditures funded through <br /> general fund revenues over the previous five -year period . As shown in Table V - 8 , this <br /> figure is 0 . 18 percent . <br /> Tindale -Oliver & Associates , Inc . Indian River County <br /> May 2005 V - 11 Impact Fee Study <br />