|
Table III -9 '
<br /> Historical Capital Expenditures - Funding Sourcesl ' 1
<br /> �, 1
<br /> Wti 11111
<br /> General Fund -
<br /> Jail Air Conditioning Replacement $9,6001 $ 16,545 1 1 1 1 $26, 145
<br /> Jail Plumbing Controls Replacement $13,0201 1 S132020
<br /> Jail Underground Tank R lacement Re lacement 5281000 $28,000
<br /> %sc. Jail Equip. Re lacement $10,845 1 534,689 1 $45,534
<br /> Total General Fund SO $50,6201 S27,390 1 S34,6891 SO 1 1 $1121699
<br /> Optional Saks Tax
<br /> IRC Jail Retrofit Phase I Replacement $252,225 536,785 $289,010
<br /> BRC Jail Re-roof Phase I Replacement 59,445 5185,401 $194,846
<br /> BRC Jail Expansion - land Purchase Expansion $3,500 59141966 5901259 $ 1 ,008,725
<br /> BRC Jail Expansion - Study Expansion $74,775 $74,775
<br /> BRC Jail Intercom Replacement $134, 145 $134, 145
<br /> BRC Jail Showers Replacement $58,966 $58,966
<br /> Jail Phase B & ID Roofing Replacement 581500 $8,500
<br /> Jail Air Conditioning Replacement 524,000 1 $24,000
<br /> Jail HVAC Improvements Replacement $24,0001 $24,000
<br /> Jail Fire Sprinklers Replacement $60,000 $60,000
<br /> Jail Boiler Replacement $22,000 $22,000
<br /> Jail Flooring Replacement $16,000 5161000
<br /> Jail Water Conditioner Replacement $21,500 $21,500
<br /> Jail Kitchen Boiler Replacement 522,458 $22458
<br /> Total O tional Sales Tax $0 $0 $252 25 549 730 51,368,253 52889717 $1,958,924
<br /> Total Correctional Facilities SO 550,620 $
<br /> 279,615 584,419 51,368,253 $288,717 $2,071,623
<br /> Total Expansion SO SO I SO I 539500 1 $989v741 S"9259 51,0839500
<br /> ( 1 ) Source : Office of Management and Budget, IRC
<br /> Credit Calculation
<br /> In calculating the credit component, capital expenditures for the past six years and
<br /> programmed projects over the next five years were evaluated . As presented in Table III -
<br /> 10, capital expansion expenditures funded with non- impact fee revenues average $ 1 . 1
<br /> million per year or $ 10 of credit per functional resident. Over the past five years as well
<br /> as the next five years, the County did not use or budget any revenues from the general
<br /> fund toward jail facility capital expansion . Therefore, credit is given only for the local
<br /> option sales tax . In addition, it is the County ' s intent to use impact fee revenues as the
<br /> primary funding source for future capital expansion needs of the correctional facilities
<br /> program and to maintain or reduce the average annual dollar amount shown in this report
<br /> toward capital expansion needs . In other words, the County intends to use non- impact
<br /> fee revenue sources as the primary funding source for capital replacement, operations and
<br /> maintenance expenses . As such, credit calculations for the optional sales tax do not
<br /> include an escalation factor.
<br /> Tindale -Oliver & Associates , Inc . Indian River County
<br /> February 2005 III- 10 Impact Fee Study
<br />
|