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,%W Imposing a solid waste facilities impact fee serves a two -fold purpose . First, it enables the County to retain, or possibly reduce, the current assessment fee, while generating sufficient dollars to accommodate the needs of the existing and new population . Second, it allows the County to accumulate the necessary fund balance to comply with FDEP regulations . To illustrate this point, it is assumed that the assessment fee rate will remain at FY 04/05 levels upon the adoption of the impact fee . As shown in Table IV-8 , the County reduced assessment fee rates by an average of one percent per year over a seven-year period . Keeping the assessment fee rates at current levels over the next 15 years actually results in a reduction of the fees in terms of real dollars when inflation is taken into consideration . The study objective is that imposing impact fees will result in the County not having to increase its assessment fee rates , while still allowing it to carry the necessary fund balance required to meet FDEP regulations . Table IV=8 Changes in the Assessment Fee Rates( l ) ` f -_ Residential _ Per Waste Generation Unit (WG 548.23 $37.56 $47. 56 547.56 547.56 x47.45 546. 86 Percent Chane - 1 .4% 0.0% 0.0% 0.0% -0.2% - 1 .2% -0. 5% Per Equivalent Residential Unit (ERU) $77. 17 576. 10 $76. 10 576. 10 $76. 10 $75 .92 574.98 Percent Chane - 1 .4% 0.0% 0.0% 0.0% -0.2% - 1 .2% 450 Commercial Per Waste Generation Unit WGU) 534.45 1 $33 .70 1 533 .70 $33 . 70 1 532.58 1 $32.53 1 $31 . 89 Percent Change 1 1 .2.2%1 0.0% 0.0% -3.3 % -0.2% -2.0% -1 .3% ( 1 ) Source : Office of Management and Budget, IRC In addition, it is assumed that 15 percent of all revenues will be dedicated for capital expansion of the Solid Waste Program . As shown in Table IV-7, the revenues available to fund capital ranged from 18 . 2 percent of total revenues in FY 99/00 to 26 . 8 percent in FY 00/01 , with an average of 18 . 6 percent from FY 99/00 to FY 04/05 . In addition, the County did not budget any District revenues for capital expenditures in FY 04/05 . To be conservative, however, this analysis assumes that 15 percent of all District revenues will be allocated to the capital expansion projects , and this percentage will be used to calculate the impact fee credit. (This space intentionally left blank) Tindale -Oliver & Associates , Inc . Indian River County February 2005 IV45 Impact Fee Study