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Table III = 10 <br /> Revenue per Functional Resident <br /> o .e <br /> ctx <br /> a <br /> o � r <br /> FY 1998/99 $0 100,665 <br /> FY 1999/00 $0 103 ,496 <br /> FY 2000/01 $U 1059141 <br /> FY 2001 /02 $39500 107, 392 <br /> FY 2002/03 $989 ,741 1109002 <br /> FY 2003 /04 $905259 114 ,314 <br /> FY 2004/05 $ 10, 836, 800 116 , 210 <br /> FY 2005/06 $4809000 118 ,091 <br /> FY 2006/07 $0 1199993 <br /> FY 2007/08 $0 1219915 <br /> FY 2008/09 $ 0 123 , 858 <br /> Average Functional Residents per Year ( 1999 - 2009) 1123825 <br /> Average Expansion per Year (FY 1998/99 - 2008/09) $ 11127 ,300 <br /> Average Expansion per Functional Resident $ 9. 99 <br /> ( 1 ) Source : Tables I11-7 and 111-9 <br /> (2) Source : Table A-5 <br /> "or► <br /> The credit per functional resident is determined by calculating the present value of the <br /> revenue per functional resident that is used to fund jail facility capital expansion . As <br /> shown in Table III - 11 , the credit is $ 141 per functional resident . <br /> Table III = 11 <br /> Credit per Functional Resident <br /> F . rx <br /> Average Annual Capital Improvement Credit <br /> per Functional Resident( ' ) $9 . 99 <br /> Capitalization Rate(2) 5 % <br /> Capitalization Period (in years)(3 ) 25 <br /> Credit per Resident(4) $ 140 . 80 <br /> ( 1 ) Source : Table III- 10 <br /> (2) Capitalization rate is estimated at 5 percent. <br /> (3 ) Capitalization period is estimated at 25 years , which is typically <br /> when major renovations or replacement of capital facilities become <br /> necessary . <br /> (4) Present value of the average annual capital improvement credit per <br /> functional resident (Item 1 ) over a 25 -year period (Item 3 ) with a <br /> capitalization rate of 5 percent (Item 2) . <br /> *age <br /> Tindale-Oliver & Associates , Inc . Indian River County <br /> February 2005 III- 11 Impact Fee Study <br />