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Table VII =9 Impact Cost per Functional Resident Number of Stations� ll 13 Building Replacement Cost per Station(2) $ 1 , 5229060 Equipment Cost per Station(3) $ 1 , 0289947 Total Cost per Station $295519007 LOST (Stations/1 ,000 Functional Residents) 0 . 108 Total Impact Cost per Functional Resident $274 .91 ( 1 ) Source : Table VII-4 (2) Source : Table VII-6 (3 ) Source : Table VII-7 Credit Component To avoid overcharging development for the Fire/EMS impact fee, a review of the capital financing program for Fire/EMS services was completed. The purpose of this review was to determine any potential revenue credits generated by new development that could be used for capital facilities, land, and equipment expansion of the Fire/EMS program . • Revenue credits are then applied against the cost per functional resident so that new development is not charged twice for capital expansion projects . Revenue Sources for Capital Expenditures An analysis of the historical and future Fire/EMS capital expenditures for the eleven year period from FY 1998/99 to FY 2008/09 was completed and reviewed with the IRC Fire/EMS Department , The IRC Fire/EMS Department has three different sources for capital expenditures : • general fund; • emergency services district; and • local option sales tax Table VII- 10 summarizes the capital expenditures over the last six fiscal years . This table also specifies whether the capital expenditure was a replacement or expansion of the existing Fire/EMS capital inventory. As presented in Table VII- 10, 29 percent of the Fire/EMS capital expenditures were for capital expansion projects and 5 percent of the capital expansion projects were funded through general fund revenues . Tindale-Oliver & Associates, Inc . Indian River County February 2005 VII- 11 Impact Fee Study