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Existing Deficiencies
<br /> As presented previously, the current LOS for solid waste collection will be the adopted
<br /> LOS standard . Hence , there are no existing deficiencies that need to be addressed in this
<br /> area. While there are no existing deficiencies, adopting the current LOS as the standard
<br /> does, in fact, create the need to expand facilities in the near future to meet the needs of
<br /> new growth .
<br /> Net Solid Waste Facilities Impact Cost
<br /> Table IV- 11 presents the net impact cost (gross costs less credit) for new development
<br /> through 2020 . New growth ' s share of the capital expansion needs and contribution to the
<br /> fund balance during this period is approximately $4 . 4 million . The net impact cost per
<br /> resident resulting from this capital expansion need as well as new growth ' s contribution
<br /> to the fund balance to retain a fund balance of $30 million by 2020 is $ 125 . 35 . This fee
<br /> generates the necessary revenues to pay for the $ 1 . 8 million in capital expenditures
<br /> needed to serve new growth and contribute $2 . 5 million necessary to retain a fund
<br /> balance of $30 million.
<br /> Table IV-11
<br /> Net Impact Cost
<br /> *MOO,
<br /> FY 05/06 203 $ 157,286 $ 1457638 $352,608 $49,684 $ 125 .35 $251 ,076 $300,760
<br /> FY 06/07 21034 $ 161 ,061 $ 147,892 $358,065 $49, 112 $ 125 .35 $254,962 $304,074
<br /> FY 07/08 206 $250,826 $ 150,219 $363,699 $37,346 $ 125 .35 $258,973 $221 ,627
<br /> FY 08/09 21098 $ 1 ,7309191 $ 152,546 $369,332 $ 1 ,513,405 $ 125 .35 $262,984 -$ 17250,421
<br /> FY 09/10 21131 $ 1 ,7451145 $ 154,945 $375, 141 $ 1 ,5245949 $ 125 .35 $2677121 7$ 1 ,257,828
<br /> FY 10/ 11 2,396 $553 ,410 $ 1741213 $421 ,792 $3059831 $ 125 . 35 $300,339 -$51492
<br /> FY 11 / 12 21437 $0 $ 1775194 $42909 -$251 ,815 $ 125.35 $305,478 $ 557,293
<br /> FY 12/ 13 2,480 $0 $ 180,321 $436,579 -$256,258 $ 125 . 35 $3102868 $567, 126
<br /> FY 13/ 14 2,522 $217608 $ 183,375 $443 ,973 -$238,990 $ 125 .35 $3165133 $555, 123
<br /> FY 14/15 23565 $612,906 $ 186501 $4512543 $3471864 $ 125. 35 $3212523 -$261341
<br /> FY 15/ 16 25365 $0 $ 171 ,959 $4161335 4244,376 $ 125. 35 $296,453 $540,829
<br /> FY 16/ 17 2,402 $953706 $ 174,649 $422,848 -$ 1522493 $ 125.35 $301 ,091 $453 ,584
<br /> FY 17/ 18 2,439 $6977304 $ 1771340 $429,362 $445 ,282 $ 125 . 35 $3059729 -$ 1397553
<br /> FY 18/19 2,478 $ 11044,298 $ 1801175 $436,227 $788,246 $ 125 .35 $3103617 -$477,629
<br /> FY 19/20 2,516 $9189641 $ 182,938 $442,917 $658,662 $ 125 . 35 $3151381 -$3432281
<br /> Total 1 34,9321 $7,9881382 $29539,905 $6, 1499430 $4,3781857 $453783728 -$ 129
<br /> New go29
<br /> s contribution to the fund balance erperson(9) $72.71
<br /> Credit per petson ( 2005-2020 "0' $ 176.04
<br /> ( 1 ) Source : Table IV-3
<br /> (2) Source : Table IV-6
<br /> (3 ) New growth ' s contribution to fund balance per person (Item 9) multiplied by new population
<br /> (Item 1 ) .
<br /> (4) New population (Item 1 ) multiplied by credit per person (Item 10) .
<br /> (5 ) New growth ' s portion of capital expenditures in current dollars (Item 2) plus new growth ' s
<br /> contribution to fund balance (Item 3 ) less new growth ' s credit (Item 4) .
<br /> (6) Fees required to generate approximately $4 .4 million.
<br /> Tindale -Oliver & Associates , Inc . Indian River County
<br /> February 2005 IV- 18 Impact Fee Study
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