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Table V=9 Capital Improvement Credit per Functional Resident(" r`i P `' �+ (ux� alesnd 11 O , � nodi � "Ii'a3��g ndz`turesement r FY 1998/99 Expansion $0 $0 $208 , 337 FY 1999/00 Expansion $0 $0 $ 113 ,443 FY 2000/01 Expansion $0 $ 18 ,400 $271 , 912 FY 2001 /02 Expansion $0 $0 $ 374,288 FY 2002/03 Expansion $0 $ 0 $ 180,911 FY 2003 /04121 Expansion $ 1 , 098 ,679 $8079488 $ 7, 050,000 FY 2004/05 Expansion $ 0 $0 $4 , 855 ,000 FY 2005/06 Expansion $ 0 $0 $ 1 , 5809000 FY 2006/07 Expansion $ 0 $ 0 $ 8000 FY 2007/08 Expansion $0 $ 0 $ 19000 FY 2008/09 Expansion $ 0 $ 0 $ 1905000 Total Capital Expenditures for Expansion ( 1999-2009) $ 17, 018 , 458 Annual Capital Expenditure Amount(3 ) $ 195475133 *ftw Average Functional Population ( 1999-2009)(4) 1043154 Annual Capital Expenditure Amount per Functional Resident(5) $ 14. 85 ( 1 ) Source : Office of Management and Budget, IRC (2) Total capital expenditure amount apportioned to the expansion of the new administrative complex. This figure is in addition the cost of replacing the existing administrative building . General fund expenditures budgeted for FY 2003 /04 for the new administration building is reserved general fund balance . This is a budgeted amount and not an actual expenditure . (3 ) Total capital expenditure amount divided by the number of fiscal years for which the expenditure data is provided . (4) The average 11 -hour functional population for FY 1998/99 through FY 2008/09 is derived using the annual functional population figures included in Appendix A , Table A- 8 . (5) The annual capital expenditure amount (Item 3 ) divided by the average annual functional population 1999 -2009 (Item 4) . Vacant Land Credit The I last credit component is for revenue generated from past payments of property taxes on vacant land that are used to fund capital expansion projects . This calculation is a two- step process . First, the percentage of the total countywide value of vacant land to the total value of all property is calculated . Revenues generated by past payment of property taxes on vacant land are deposited into IRC ' s general fund . 'Therefore , the second calculation considers the portion of total capital expansion expenditures funded through general fund revenues over the previous five -year period . As shown in Table V- 8 , this figure is 0 . 18 percent . NOW Tindale - Oliver & Associates , Inc . Indian River County February 2005 V- 11 Impact Fee Study