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Existing Deficiencies <br /> As discussed previously, the budgeted improvements over the next five years will bring <br /> the LOS to 4 . 52 beds per 1 , 000 residents, which is higher than the LOS standard of 4 . 00 <br /> beds per 1 , 000 residents . Therefore, there is no existing deficiency . It should be noted <br /> that adopting a lower LOS standard than the current LOS results in a lower impact fee <br /> and allows new development to consume existing capacity without having to pay for it. <br /> Net Correctional Facilities Impact Cost <br /> The net impact fee per functional resident is the difference between the total impact cost <br /> per functional resident and the total credit per functional resident . Table III42 presents <br /> the calculation of the net correctional facilities impact cost per functional resident. <br /> Table IIIA 2 <br /> Net Impact Cost <br /> "Cost <br /> nctional Resident $240 .96 <br /> Impact Credit / <br /> Total Revenue Credit(2) ($ 140 . 80) <br /> Net Impact Cost <br /> Net Impact Cost per Functional Resident $ 100 . 16 <br /> ( 1 ) Source : Table III- 8 <br /> (2) Source : Table III- 11 <br /> The first section of Table 111- 12 shows the total impact cost per functional resident as <br /> $241 . The second section shows a revenue credit for the correctional facilities impact fee <br /> of $ 141 per functional resident . <br /> The net impact cost per functional resident (third section of the table) is the difference <br /> between the total impact cost per functional resident and the total revenue credit. This <br /> results in a net impact cost per functional resident of $ 100 . <br /> Tindale-Oliver & Associates , Inc . Indian River County <br /> February 2005 III42 Impact Fee Study <br />