HomeMy WebLinkAbout2026-001-SWDDINDIAN RIVER COUNTY, FLORIDA
PRELIMINARY RATE RESOLUTION
FOR SOLID WASTE DISPOSAL ASSESSMENTS
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ADOPTED JUNE 16, 2026
Table of Contents
Page
SECTION1.
AUTHORITY...................................................................................2
SECTION 2.
PURPOSE AND DEFINITIONS......................................................
3
SECTION 3.
ADOPTION OF WASTE GENERATION STUDY ............................
7
SECTION 4.
LEGISLATIVE FINDINGS...............................................................
7
SECTION 5.
PROVISION AND FUNDING OF SOLID WASTE DISPOSAL
SERVICES....................................................................................
10
SECTION 6.
DETERMINATION OF SOLID WASTE DISPOSAL COST;
ESTABLISHMENT OF SOLID WASTE DISPOSAL
ASSESSMENTS...........................................................................
10
SECTION 7.
VACANCY ADJUSTMENT............................................................
13
SECTION 8.
AUTHORIZATION OF PUBLIC HEARING ....................................
14
SECTION 9.
NOTICE BY PUBLICATION..........................................................
15
SECTION 10.
NOTICE BY MAIL.........................................................................
15
SECTION 11.
METHOD OF COLLECTION.........................................................15
SECTION 12.
APPLICATION OF ASSESSMENT PROCEEDS ..........................16
SECTION 13.
CONFLICTS..................................................................................
16
SECTION 14.
SEVERABILITY.............................................................................
16
SECTION 15.
EFFECTIVE DATE........................................................................
16
APPENDIX A:
FORM OF NOTICE TO BE PUBLISHED.....................................A-1
APPENDIX B:
FORM OF NOTICE TO BE MAILED............................................B-1
RESOLUTION NO. 2026- 001- SWDD
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY,
FLORIDA, SITTING AS THE GOVERNING BOARD OF
THE INDIAN RIVER COUNTY SOLID WASTE DISPOSAL
DISTRICT, RELATING TO THE MANAGEMENT AND
DISPOSAL OF SOLID WASTE AND RECYCLABLE
MATERIALS IN THE INDIAN RIVER COUNTY SOLID
WASTE DISPOSAL DISTRICT; PROVIDING AUTHORITY,
PURPOSE AND DEFINITIONS; ADOPTING THE WASTE
GENERATION STUDY AND ASSIGNMENT OF WASTE
GENERATION UNITS; PROVIDING CERTAIN
LEGISLATIVE FINDINGS; PROVIDING FOR THE
PROVISION AND FUNDING OF SOLID WASTE AND
RECYCLABLE MATERIALS MANAGEMENT AND
DISPOSAL SERVICES; DETERMINING THE SOLID
WASTE DISPOSAL COST AND ESTABLISHING SOLID
WASTE DISPOSAL ASSESSMENTS FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 2026; DIRECTING THE
PREPARATION OF AN SOLID WASTE ASSESSMENT
ROLL; PROVIDING FOR A VACANCY ADJUSTMENT;
AUTHORIZING A PUBLIC HEARING AND DIRECTING
THE PROVISION OF NOTICE THEREOF; PROVIDING
THE METHOD OF COLLECTION; DIRECTING THE
APPLICATION OF ASSESSMENT PROCEEDS;
PROVIDING FOR CONFLICTS, SEVERABILITY, AND AN
EFFECTIVE DATE.
WHEREAS, the Board of County Commissioners of Indian River County, Florida
(the "Board"), has enacted the Master Service Assessment Ordinance, as codified in
Chapter 206 of the Indian River County Code of Ordinances (the "Ordinance"), which
authorizes the annual imposition of Service Assessments for Solid Waste and
Recyclable Materials management and disposal services, facilities, and programs
against certain Assessable Property within the Indian River County Solid Waste
Disposal District;
WHEREAS, the Board has created the Indian River County Solid Waste Disposal
District ("District"), which serves as an Assessment Area pursuant to Section 206.04 of
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the Ordinance, and provided for the imposition of Solid Waste Disposal Charges in
Chapter 204 of the Indian River County Code of Ordinances;
WHEREAS, the imposition of an annual Service Assessment for Solid Waste and
Recyclable Materials management and disposal services, facilities, and programs for
each Fiscal Year is an equitable and efficient method of allocating and apportioning the
Solid Waste Disposal Cost among parcels of Assessable Property within the District;
and
WHEREAS, pursuant to the Ordinance, the reimposition of Solid Waste Disposal
Assessments for the Fiscal Year beginning of October 1, 2026, requires certain
processes such as the preparation of the Solid Waste Assessment Roll; and
WHEREAS, annually a Preliminary Rate Resolution describing the method of
assessing the Solid Waste Disposal Cost against Assessable Property located within
the District, directing the preparation of a Solid Waste Assessment Roll, authorizing a
public hearing and directing the provision of notice thereof is required by the Ordinance
for the reimposition of the Solid Waste Disposal Assessments; and
WHEREAS, the Board deems it to be in the best interest of the citizens and
residents of the District to adopt this Preliminary Rate Resolution for the District.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, SITTING AS THE
GOVERNING BODY OF THE DISTRICT, AS FOLLOWS:
SECTION 1. AUTHORITY. This resolution is adopted pursuant to the provisions
of the Master Service Assessment Ordinance, as codified in Chapter 206 of the Indian
River County Code of Ordinances (the "Ordinance"); Chapter 204 of the Indian River
2
County Code of Ordinances; Article VIII, section 1, Florida Constitution; section 125.01,
Florida Statutes; and other applicable provisions of law.
SECTION 2. PURPOSE AND DEFINITIONS.
(A) This resolution constitutes the Preliminary Rate Resolution and also
serves as the Initial Assessment Resolution, both as defined in the Ordinance, which
initiates the annual process for updating the Solid Waste Assessment Roll and directs
the reimposition of Solid Waste Disposal Assessments for the Fiscal Year beginning
October 1, 2026.
(B) Unless the context indicates otherwise, words imparting the singular
number, include the plural number, and vice versa; the terms "hereof," "hereby,"
"herein," "hereto," "hereunder" and similar terms refer to this resolution; and the term
"hereafter" means after, and the term "heretofore" means before, the effective date of
this resolution. Words of any gender include the correlative words of the other genders,
unless the sense indicates otherwise. Words imparting the singular number, include the
plural number, and vice versa.
(B) All capitalized words and terms not otherwise defined herein shall have
the meanings set forth in the Ordinance and Section 204.24 of the Indian River County
Code of Ordinances. As used in this Preliminary Rate Resolution, the following terms
shall have the following meanings, unless the context hereof otherwise requires:
"Commercial Property" means all Assessable Property within the District that is
not Residential Property.
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"Dwelling Unit" means a Building, or a portion thereof, which is used for
residential purposes, consisting of one or more rooms arranged, designed, used, or
intended to be used as living quarters for one family unit only.
"Government Leasehold" means a Tax Parcel of Government Property that is
licensed or leased to a private entity for proprietary use.
"Property Use Codes" mean the building improvement codes assigned by the
Property Appraiser to Tax Parcels within the District as specified in the Waste
Generation Study.
"Recreational Vehicle Park" means (1) a place set aside and offered by a
person, for either direct or indirect remuneration of the owner, lessor, or operator of
such place, for the parking, accommodation, or rental of five or more recreational
vehicles or tents; and (2) licensed by the Department of Health of the State of Florida, or
its successor in function as a "recreational vehicle park" under Chapter 513, Florida
Statutes, as may be amended from time -to -time.
"Recyclable Materials Cost" means that portion of the Solid Waste Disposal
Cost which is the amount necessary to fund the County's management and provision of
recycling services for Recyclable Materials during a Fiscal Year under generally
accepted accounting principles, which are provided exclusively to Residential Property
within the District, and includes but is not limited to, collection of Recyclable Materials
and use of the County's customer convenience centers.
"Residential Property" means those Tax Parcels of Assessable Property within
the District containing Dwelling Unit(s) and assigned a Property Use Code of 01, 02, 03,
04, 05, 06, 07, 08, or 28, as more specifically set forth in the Waste Generation Study,
rd
but excluding: (i) Tax Parcels that meet the definition of Recreational Vehicle Park; (ii)
any Mobile Home Park that receives commercial collection service; and (iii) any multi-
family property containing five (5) or more Dwelling Units in the same Building that
receives commercial collection service.
"Solid Waste Assessment Roll" means the Assessment Roll, as defined in the
Ordinance, relating to the Solid Waste Disposal Assessments.
"Solid Waste Disposal Assessment" or "Disposal Charge" as referenced in
Section 204.24 of the Indian River County Code of Ordinances, means a Service
Assessment, as defined in the Ordinance, lawfully imposed by the Board against
Assessable Property within the District to fund all or any portion of the Solid Waste
Disposal Cost for the provision of Solid Waste and Recyclable Materials management
and disposal services, facilities, and programs providing a special benefit to property as
a consequence of possessing a logical relationship to the value, use, or characteristics
of the Assessable Property.
"Solid Waste Disposal Cost" means the Service Cost, as defined in the
Ordinance, which is the amount necessary to fund the County's management and
disposal of Solid Waste that is allocable to Assessable Property during a Fiscal Year
and shall include, but not be limited to: (A) the cost, whether direct or indirect, of all
management and disposal services, facilities, and programs provided by the County or
through contractual arrangements with the County relating to Solid Waste management
and disposal activities; (B) the cost of any indemnity or surety bonds and premiums for
insurance; (C) the cost of salaries, volunteer pay, workers' compensation insurance, or
other employment benefits; (D) the cost of computer services, data processing, and
5
communications; (E) the cost of training, travel and per diem; (F) the recovery of unpaid
or delinquent fees or charges advanced by the County and due for the management
and disposal services, facilities, and programs allocable to specific parcels; (G) the cost
of engineering, financial, legal or other professional services; (H) all costs associated
with the structure, implementation, collection, and enforcement of the Solid Waste
Disposal Assessments or a prior year's assessment for a comparable service, facility or
program, including any service charges of the Tax Collector or Property Appraiser; (1) all
other costs and expenses necessary or incidental to the acquisition, provision, or
delivery of the services, facilities, and programs funded by the Solid Waste Disposal
Assessment, and such other expenses as may be necessary or incidental to any related
financing authorized by the Board; (J) a reasonable amount for contingency and
anticipated delinquencies and uncollectible Solid Waste Disposal Assessments; and (K)
reimbursement to the County or any other Person for any monies advanced for any
costs incurred by the County or such Person in connection with any of the foregoing
items of Solid Waste Disposal Cost. As applicable to Residential Property only, the
Solid Waste Disposal Cost shall also include the additional Recyclable Materials Cost.
"Tax Parcel" means a parcel of property located within the County to which the
Property Appraiser has assigned a distinct ad valorem property tax identification
number.
"Waste Generation Study" means that certain Technical Memorandum
concerning the "Results of Waste Generation Study," prepared by Kessler Consulting,
Inc., dated as of September 15, 2022, which is attached hereto as Appendix B and
incorporated herein by reference.
Ai
SECTION 3. ADOPTION OF WASTE GENERATION STUDY.
(A) The Waste Generation Study is hereby adopted and confirmed for
purposes of the assignment of Waste Generation Units to Assessable Property within
the District and the calculation of the Solid Waste Disposal Assessments.
(B) The assumptions, conclusions, and findings in the Waste Generation
Study as to the determination of the anticipated Solid Waste generation by Property Use
Code are hereby found to be fair and reasonable for purposes of the Solid Waste
Disposal Assessments.
SECTION 4. LEGISLATIVE FINDINGS.
(A) Upon the adoption of this Preliminary Rate Resolution determining the
Solid Waste Disposal Cost and identifying the Assessable Property to be included in the
Solid Waste Assessment Roll, the legislative determinations in Section 206.03 of the
Ordinance are hereby ratified and confirmed.
(B) The imposition of a recurring annual Solid Waste Disposal Assessment is
an alternative, equitable, and efficient method to fairly and reasonably apportion and
recover the Solid Waste Disposal Cost experienced by the County among the parcels of
Assessable Property within the District.
(C) The provision of Solid Waste disposal sites and providing proper hauling
and disposal of such Solid Waste and the provision of recycling services for Recyclable
Materials provided to Residential Property, possesses a logical relationship to the use
and enjoyment of Assessable Property by providing: (1) Solid Waste management and
disposal services, facilities, and programs to the Owners and occupants of Assessable
Property for proper, safe, and cost effective disposal of these materials generated on
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such property, (2) Recyclable Materials management services, facilities, and programs
to Owners of Residential Property for proper, safe, and cost effective handling of these
materials generated on such property; (3) better service to Owners and tenants, (4) the
enhancement of environmentally responsible use and enjoyment of Assessable
Property, and (5) the protection of property and rental values and the health and safety
of the Owners and occupants of Assessable Property resulting from the uniform delivery
and availability of such services, facilities, and programs.
(D) The provision of comprehensive Solid Waste and Recyclable Materials
management and disposal services, facilities, and programs furnished by or through the
County to Assessable Property enhances and strengthens the relationship of such
services and programs to the use and enjoyment of Assessable Property within the
District.
(E) It is fair and reasonable to use the Property Use Codes for the
apportionment of the Solid Waste Disposal Cost because: (1) the Tax Roll database
employing the use of such property use codes is the most comprehensive, accurate,
and reliable information readily available to determine the property use, and (2) the Tax
Roll database employing the use of such property use codes is maintained by the
Property Appraiser and is thus consistent with parcel designations on the Tax Roll. This
compatibility permits the development of a Solid Waste Assessment Roll in conformity
with the requirements of the Uniform Method of Collection.
(F) The existence of a Building or other improvements on Assessable
Property results in such property generating Solid Waste and Recyclable Materials or
being capable of generating such materials which must then be properly disposed of at
0
the County's solid waste disposal sites, regardless of whether such Assessable
Property is currently occupied.
(G) Due to the varying Solid Waste generation rates as documented in the
Waste Generation Study, apportioning the Solid Waste Disposal Cost for Solid Waste
and Recyclable Materials management and disposal services, facilities, and programs
allocated to Assessable Property within the District based on assigned Waste
Generation Units, which are based on the estimated annual tons of Solid Waste
expected to be generated by specific property uses as identified by Property Use
Codes, is a fair and reasonable method of apportioning Solid Waste Disposal Cost
because the assigned Waste Generation Units correlate to the property's expected
disposal needs and costs.
(H) Due to the higher level of service provided to Residential Property through
the provision of Recyclable Materials management services, facilities, and programs, as
reflected in the Recyclable Materials Cost, it is fair and reasonable to apportion the
Recyclable Materials Cost only to Residential Property because such services are
exclusively available and provided to such property.
(1) As required by Section 125.0168, Florida Statutes, as amended in 2026,
as a consequence of the transient use and potential extraordinary vacancies within
Recreational Vehicle Park property, and the lack of demand for Solid Waste
management and disposal services for unoccupied spaces, it is fair and reasonable to
provide for a vacancy adjustment procedure for Recreational Vehicle Park property.
(J) In accordance with Section 125.01(1)(r), Florida Statutes, the County is
required to exempt Buildings of Non -Residential property on lands classified as
0
agricultural lands pursuant to Section 193.461, Florida Statutes, from the Solid Waste
Disposal Assessment. Accordingly, it is fair and reasonable not to impose Solid Waste
Disposal Assessments upon such Buildings of Non -Residential Property.
SECTION 5. PROVISION AND FUNDING OF SOLID WASTE DISPOSAL
SERVICES.
(A) Upon the imposition of Solid Waste Disposal Assessments for Solid Waste
and Recyclable Materials management and disposal services, facilities, and programs
against Assessable Property located within the District, the County shall provide or
direct the provision of Solid Waste and Recyclable Materials management and disposal
services, facilities, and programs to such Assessable Property.
(B) It is hereby ascertained, determined, and declared that (i) each parcel of
Assessable Property located within the District will be benefited by the County's
provision of Solid Waste disposal services, facilities, and programs, and (ii) each parcel
of Residential Property located within the District will be additionally benefited by the
County's provision of Recyclable Materials management services, facilities, and
programs in an amount not less than the Solid Waste Disposal Assessment imposed
against such parcel, computed in the manner set forth in this Preliminary Rate
Resolution.
SECTION 6. DETERMINATION OF SOLID WASTE DISPOSAL COST;
ESTABLISHMENT OF SOLID WASTE DISPOSAL ASSESSMENTS.
(A) The Solid Waste Disposal Cost for the Fiscal Year beginning October 1,
2026, is estimated to be $18,832,696.
10
(B) The Recyclable Materials Cost for the Fiscal Year beginning October 1,
2026, is estimated to be $5,340,005.
(C) The Solid Waste Disposal Cost shall be allocated among all parcels of
Assessable Property in the District based upon each parcels' classification and the
number of Waste Generation Units assigned to such Tax Parcel.
(D) The estimated Solid Waste Disposal Assessment rates for Solid Waste
and Recyclable Materials management and disposal services, facilities, and programs
are hereby approved for the Fiscal Year beginning October 1, 2026, for purposes of this
Preliminary Rate Resolution:
$125.06 per Waste Generation Unit for Residential Property
$79.12 per Waste Generation Unit for Commercial Property
$46.62 per Waste Generation Unit as a readiness -to -use charge
(E) No Solid Waste Disposal Assessment shall be imposed against any
Buildings of Non -Residential Property located on a Tax Parcel that is classified as
agricultural land pursuant to Section 193.461, Florida Statutes.
(F) Any shortfall in the expected Solid Waste Disposal Assessment proceeds
due to any reduction or exemption from payment of the Solid Waste Disposal
Assessments required by law or authorized by the Board shall be supplemented by any
legally available funds, or combination of such funds, and shall not be paid for by
proceeds or funds derived from the Solid Waste Disposal Assessments. In the event a
court of competent jurisdiction determines any exemption or reduction by the Board is
improper or otherwise adversely affects the validity of the Solid Waste Disposal
Assessment imposed for this Fiscal Year, the sole and exclusive remedy shall be the
11
imposition of a Solid Waste Disposal Assessment upon each affected Tax Parcel in the
amount of the Solid Waste Disposal Assessment that would have been otherwise
imposed save for such reduction or exemption afforded to such Tax Parcel by the
Board.
(G) The County Administrator is hereby directed to prepare, or cause to be
prepared, an updated Solid Waste Assessment Roll for the Fiscal Year beginning
October 1, 2026, in the manner provided in Section 206.17 of the Ordinance. The Solid
Waste Assessment Roll shall include all Tax Parcels of Assessable Property within the
District. The County Administrator shall apportion the estimated Solid Waste Disposal
Cost to be recovered through Solid Waste Disposal Assessments in the manner set
forth in this Preliminary Rate Resolution.
(H) A copy of this Preliminary Rate Resolution, the Ordinance, the Initial
Assessment Resolution, the Final Assessment Resolution, and the updated Solid Waste
Assessment Roll shall be maintained on file in the office of the County Administrator
and open to public inspection. The foregoing shall not be construed to require that the
updated Solid Waste Assessment Roll be in printed form if the amount of the Solid
Waste Disposal Assessment for each Tax Parcel of Assessable Property can be
determined by use of a computer terminal available to the public.
(1) It is hereby ascertained, determined, and declared that the foregoing
method of determining the Solid Waste Disposal Assessments for Solid Waste and
Recyclable Materials management and disposal services, facilities, and programs is a
fair and reasonable method of apportioning the Solid Waste Disposal Cost among Tax
Parcels of Assessable Property.
12
SECTION 7. VACANCY ADJUSTMENT.
(A) As a consequence of the transient use and potential for significant
numbers of vacancies within Recreational Vehicle Park property and the potential
sustained lack of demand for Solid Waste management and disposal services for
unoccupied spaces, each Owner of Recreational Vehicle Park property shall be
afforded the opportunity to demonstrate, in the manner described below, the vacancy
rate in space occupancy within such property and receive a vacancy adjustment to the
Solid Waste Disposal Assessment imposed upon such property.
(B) Vacant spaces shall be those determined by the County Administrator
based on evidence of a historical vacancy rate provided by the Owner on or before
October 1, 2026, and on or before March 1 of each year thereafter. The vacancy rate
shall be defined as the percentage of available spaces within a Recreational Vehicle
Park that were vacant for each and every day of the time between January 1 through
and including December 31 of the prior calendar year and shall be calculated as follows:
Exact Number of Permitted Sites within the park A
(not including overflow areas)
Times (x) Days in Reporting Period (x 365) B
Total Possible Space Nights C
A x B = C (Example: 100 sites x 365 days = 36,500)
Actual Space Nights D
Sum of Number of Actual Occupied Spaces for Each Day in Calendar Year
Occupancy Percentage E
D/C = E (Example: 12,500/36,500 = 34.2%)
Vacancy Rate F
Subtract E from 100% (Example: 100% — 34.2% = 65.8%)
13
(C) The Owner shall certify by affidavit to the County, on a form provided by
the County Administrator, the vacancy rate for the respective time period; such
certification shall be subject to verification and audit. At a minimum, such affidavit shall
conclusively identify and affirm (1) the Tax Parcel, (2) the number of spaces and type of
improvements in the Recreational Vehicle Park property, and (3) the vacancy rate.
(D) The County Administrator is directed and authorized to adjust, or cause to
be adjusted, any Solid Waste Disposal Assessment imposed for the Fiscal Year
beginning October 1, 2026 upon a parcel of Recreational Vehicle Park property whose
Owner timely and satisfactorily demonstrates by affidavit that such parcel has
experienced vacancies by multiplying the vacancy rate (expressed as a decimal) by the
Solid Waste Disposal Assessment attributable to the entire parcel of Recreational
Vehicle Park property and reducing the assessment by an equivalent amount.
(E) Any shortfall in the expected Solid Waste Disposal Assessment proceeds
due to any adjustment for vacancy shall be supplemented by any legally available funds
and shall not be paid for by proceeds or funds derived from Solid Waste Disposal
Assessments.
SECTION 8. AUTHORIZATION OF PUBLIC HEARING. There is hereby
established a public hearing to be held at 5:01 p.m. on September 9, 2026, in the
Commission Chambers, Indian River County Administration Complex, 1801 27th Street,
Vero Beach, Florida, to consider reimposition of the Solid Waste Disposal Assessments,
approval of the Solid Waste Assessment Roll, and Disposal of the Solid Waste Disposal
Assessments pursuant to the Uniform Assessment Disposal Act.
14
SECTION 9. NOTICE BY PUBLICATION. The County Administrator shall
publish a notice of the public hearing authorized in Section 8 of this Preliminary Rate
Resolution, in the manner and time required in Section 206.18 of the Ordinance. The
notice shall be published not later than August 19, 2026, in substantially the form
attached hereto as Appendix A.
SECTION 10. NOTICE BY MAIL. Pursuant to section 200.069(10)(a),
Florida Statutes, and with agreement of the Property Appraiser, the Board elects to
combine notice of the public hearing authorized by Section 8 hereof with the truth-in-
millage notification required pursuant to section 200.069, Florida Statutes. Such mailed
notice shall be in the form required by section 200.069(10)(a), Florida Statutes, and
consistent with the Uniform Assessment Disposal Act and the Ordinance for the
purpose of imposing Solid Waste Disposal Assessments for the Fiscal Year beginning
October 1, 2026. All first class mailed notices must be mailed no later than August 19,
2026.
SECTION 11. METHOD OF COLLECTION.
(A) Except for those imposed against Government Property, the Solid Waste
Disposal Assessments shall be collected and enforced pursuant to the Uniform
Assessment Collection Act as provided in Section 206.45 of the Ordinance for the Fiscal
Year beginning October 1, 2026.
(B) The Solid Waste Disposal Assessments against Government Property
shall be collected and enforced pursuant to separate bills provided by the County as
provided in Section 206.47 of the Ordinance for the Fiscal Year beginning October 1,
2026.
15
SECTION 12. APPLICATION OF ASSESSMENT PROCEEDS. Proceeds
derived by the County from Solid Waste Disposal Assessments shall be used for the
provision of Solid Waste and Recyclable Materials management and disposal services,
facilities, and programs provided to Assessable Property within the District. In the event
there is any fund balance remaining at the end of the Fiscal Year, such balance shall be
carried forward and used only to fund Solid Waste and Recyclable Materials
management and disposal services, facilities, and programs.
SECTION 13. CONFLICTS. All resolutions or parts of resolutions in conflict with
any of the provisions of this Preliminary Rate Resolution are hereby repealed.
SECTION 14. SEVERABILITY. If any provision of this Preliminary Rate
Resolution or the application thereof to any person or circumstance is held invalid, it
is the intent of the Board that such invalidity shall not affect other provisions or
applications of the Preliminary Rate Resolution which can be given effect without the
invalid provision or application and, to this end, the provisions of this Preliminary Rate
Resolution are declared severable.
SECTION 15. EFFECTIVE DATE. This Preliminary Rate Resolution shall take
effect immediately upon its passage and adoption.
16
The resolution was moved for adoption by Commissioner
Joseph E. Flescher and the motion was seconded by Commissioner
Deryl Loar , and, upon being put to a vote, the vote was as follows:
Chairman Deryl Loar AYE
Vice -Chairman Laura Moss NAY
Commissioner Susan Adams AYE
Commissioner Joe Earman AVF.
Commissioner Joseph E. Flescher AYE
The Chairman thereupon declared the resolution duly passed and adopted this 16th day
of June 2026.
BOARD OF COUNTY CO �I649
INDIAN RIVER COUNTY,, f f51 A :ep'%
(SEAL) , •*
By: .2
Deryl Loar, Chairmaw• ; "'r, � o'zz.
•;9��eR COUN�;E •''.
BCC approved. June 16, 2026""'"
ATTEST: Ryan L. Butler, Clerk of the Circuit Court and Comptroller
By: V
j adj��
Jerk
Approved as to form
and legal sufficiency:
By: a4cla(Sh,' &
nnif Shuler
County Attorney
17
APPENDIX A
FORM OF NOTICE TO BE PUBLISHED
APPENDIX A
FORM OF NOTICE TO BE PUBLISHED
To Be Published by August 19, 2026
[INSERT MAP OF DISTRICT]
NOTICE OF HEARING TO REIMPOSE AND PROVIDE FOR
COLLECTION OF SOLID WASTE DISPOSAL ASSESSMENTS
Notice is hereby given that the Board of County Commissioners of Indian River
County, Florida, sitting as the governing board of the Indian River County Solid Waste
Disposal District, will conduct a public hearing to consider reimposition of annual Solid
Waste Disposal Assessments for the Fiscal Year beginning October 1, 2026, against
certain improved properties located within the Indian River County Solid Waste Disposal
District, which includes the entire unincorporated area of the County, to fund the cost of
Solid Waste and Recyclable Materials management and disposal services, facilities,
and programs provided to such properties.
The public hearing will be held at 5:01 p.m. on September 9, 2026, in the
Commission Chambers, Indian River County Administration Complex, 1801 27th Street,
Vero Beach, Florida, for the purpose of receiving public comment on the proposed
special non -ad valorem assessments and their collection on the tax bill. All affected
property owners have a right to appear at the hearing and to file written objections with
the Board within 20 days of this notice.
If a person decides to appeal any decision made by the Board with respect to
any matter considered at the hearing, such person will need a record of the proceedings
and may need to ensure that a verbatim record is made, including the testimony and
evidence upon which the appeal is to be made. In accordance with the Americans with
Disabilities Act, persons needing a special accommodation or an interpreter to
participate in this proceeding should contact the County at (772) 226-1223 at least two
(2) business days prior to the date of the hearing.
A-1
The assessments will be computed by multiplying the rate of assessment by the
number of waste generation units assigned to each parcel of improved assessable
property in the District. Residential property will be charged an additional amount, as
reflected below, for the provision of recyclable materials management services,
facilities, and programs available exclusively to residential property. The rates of
assessment for the fiscal year beginning October 1, 2026, shall be:
$125.06 per Waste Generation Unit for Residential Property
$79.12 per Waste Generation Unit for Commercial Property
$46.62 per Waste Generation Unit as a readiness -to -use charge
Copies of the Master Service Assessment Ordinance, Chapter 204 of the Indian
River County Code of Ordinances, the Preliminary Rate Resolution, and the Solid
Waste Assessment Roll showing the amount of the assessment to be imposed against
each parcel of property are available for inspection at the County Administration Office,
located at 1801 27th Street, Vero Beach, Florida, between the hours of 8:30 a.m. and
5:00 p.m., Monday through Friday.
The assessments will be collected on the ad valorem tax bill to be mailed in
November 2026, as authorized by section 197.3632, Florida Statutes. Failure to pay
the assessments will cause a tax certificate to be issued against the property which may
result in a loss of title. Unless proper steps are initiated in a court of competent
jurisdiction to secure relief within 20 days from the date of Board's action at the above
hearing (including the method of apportionment, the rate of assessment and the
imposition of assessments), such action shall be the final adjudication of the issues
presented.
If you have any questions, please contact the County Administrator at (772) 226-
1408, Monday through Friday between 8:30 a.m. and 5:00 p.m.
BOARD OF COUNTY COMMISSIONERS OF
INDIAN RIVER COUNTY, FLORIDA
A-2
APPENDIX B
WASTE GENERATION STUDY
r consulting inc.
%tWe waste sdudom
TO: Himanshu Mehta, P.E., Managing Director, Indian River County Solid Waste Disposal
District
FROM: Chas Jordan, Project Manager, Kessler Consulting, Inc.
SUBJ: Technical Memorandum - Rate Study - 2022
PROJ #: 73-09.00
EXECUTIVE SUMMARY
The Indian River County (County) Solid Waste Disposal District (SWDD) requested that Kessler
Consulting, Inc. (KCI) perform a Rate Study analysis in concert with their review of applicable waste
generation unit rates. This study includes a review of their residential solid waste assessment and
disposal fees and then provides recommendations for solid waste rates and fund balance sufficiency for
the next ten years. The primary focus of this project was on determining the long-term financial impacts
of implementation of new waste generation rates and also the SWDD fund's financial health for the
future. This report details the assumptions and methodology used in the rate model, findings pertaining
to revenue and expense projections (REP), and recommendations to help achieve and maintain fund
balance health. This project also reviewed appropriate scheduling of major capital improvements, thus
maintaining a healthy fund and limiting cost impacts to customers.
INTRODUCTION AND OVERVIEW OF COUNTY'S SOLID WASTE SYSTEM
The County is located on the east coast of Florida with a population of 165,5591 in 2022. SWDD manages
the collection and disposal of solid waste materials from both residential and commercial properties.
SWDD is funded through an enterprise fund organized into two primary programs: Landfill Operations
and Convenience Center/Recycling. SWDD holds a subscription franchise agreement for waste
collection services with Waste Management, Inc. of Florida (WMIF) that services residences, multi-
family, and commercial customers. SWDD also operates a landfill and drop off center complex for
disposal of various types of waste from the collection franchise vendor and other commercial and
residential entities. Maintenance and management of the landfill is done through an agreement with
Republic Services, Inc.
METHODOLOGY
The rate model used in this study was developed using Microsoft Excel° and is a dynamic model that
includes a comprehensive long term fund sufficiency analysis and REP through fiscal year (FY) 2033.
KCI customized this rate model to estimate the SWDD's REP over both a five-year and a ten-year
planning period. The REP worksheets allow various assumptions to be updated as changes in revenue
and/or expenses are anticipated or are being considered so that the effect on the fund can be identified
and evaluated. For example, if a rate increase is considered, the proposed rates can be entered into the
' University of Florida- Bureau of Economic and Business Research
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worksheet to project the effect on the fund. As another example, increased capital improvement costs
can be put into the model and can then show fund balance impacts now and in the future. The model
can identify projected fund balance shortfalls, which may trigger the need to increase rates or reduce
costs to make up for the projected deficit.
The model can also be used to evaluate "what if' scenarios should a change in one or more of the
critical drivers become imminent. The visibility provided by this REP worksheet will help SWDD to be
better prepared to meet future budget requirements, make appropriate rate -setting and operational
decisions, and be proactive in maintaining healthy and sustainable funding sources.
Finally, the model provides for input and output data to be displayed such as:
Inputs:
•
Revenue Growth
•
Rate Changes
•
Expense Growth
•
Unit Growth
•
Tonnage Growth
•
Tip Fees Changes
•
Capital Improvement Projects
Outputs:
•
Assessment Rates
•
Fund Balance
Assumptions
Fund revenues were grouped into the following categories:
• Service Assessment: Total collection assessment revenue.
• Landfill Assessment: Total landfill assessment revenue.
• FEMA Grants: Funds provided by FEMA in reimbursement for emergency costs.
• Landfill Tip Fees: Tip fee revenue from all types.
• Recycle Sales: Revenue sharing from recyclables processing.
• Interest: Revenue due to investment interest.
• Other Base Revenue: All other revenue sources.
Expenditures were assigned to one of the two following programs as reported by the County:
• Landfill Operations:
o Operational Costs for the management, maintenance, and upkeep of the Indian River
County Solid Waste Complex (Landfill).
o Franchise Subscription Collection Services Management.
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• Convenience Center and Recycling:
o Convenience Center Management and Maintenance.
o Countywide Recycling and Waste Diversion Programs.
Expenditures were grouped within each Program into the following categories:
• Personal Services:
o Salaries: Personnel salaries and wages.
o Retirement: Retirement benefit contributions and costs.
o Insurance: Personnel benefit insurance costs.
o Worker's Comp: Worker's Compensation benefit costs.
o Benefits: All other personnel benefit costs.
• Operating Expenses:
o Contracted Services: All services contracted to a vendor.
o Depreciation: Depreciation allocations of assets.
o Debt Charges: Payments on existing debt proceeds to the fund.
o Fuel: Fuel for vehicles and equipment.
o Landfill Closure: Expenses associated with the maintenance of closed landfills and cells.
o Liability Insurance: Costs associated with liability insurance for SWDD.
o Property Insurance: Costs associated with property insurance for SWDD.
o Janitorial: Building cleaning and maintenance costs.
o Postage: Postal and mail costs.
o Publications: Expenses associated with the purchase and use of published materials.
o Food: Any costs associated with the purchasing of food. (No expenses shown in model)
o Utilities: Costs associated with necessary utilities at the Landfill.
o Vehicle Maintenance: Maintenance costs for the upkeep of vehicles and equipment.
o Vehicle Service: Allowances allocated for vehicles in the SWDD budget.
o Other: Miscellaneous operating expenses not associated with another category.
• Interfund Transfers: Transfers to other County funds for administrative or maintenance
requirements.
• Capital Outlay: Capital costs associated with annual capital purchases or Capital Improvement
Program projects.
1W
The methodology for developing the REP is summarized within this section. The REP worksheet links
assumptions together to project anticipated changes in revenue and/or expenses and the resulting
effect on the SWDD fund. The growth projections listed below were all applied to FY 2021 actual
revenue, expenses, unit counts, and tonnages. In the following bullets, various assumptions are defined
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and/or sourced and the interrelationship in the model identified.
• Revenue Growth Projections:
Growth Projections associated with revenues were assigned to the primary categories as
detailed above in the assumptions. A growth projection was not directly applied to the Service
Assessment as this was calculated based on unit counts and Waste Generation Units (WGUs)
(with an adjustment factor based on historical calculated to actual revenue). A growth
projection was also not directly assigned to the Landfill Tipping Fees as this was calculated based
on tonnages and tip fees (with an adjustment factor based on historical calculated to actual
revenue).
o Landfill Assessment: This was projected at a rate of 5% per year based upon applicable
growth and historical trends.
o FEMA Grants: This was projected at a rate of 0% due to the unpredictability of this
revenue.
o Recycle Sales: This was projected at a rate of 2% based upon historical trends and
review with County staff.
o Interest: This was projected at a rate of 6% based upon historical trends and review with
County staff.
o Other Base Revenue: This was projected at a rate of 0% due to the unpredictability of
this revenue.
• Expenditure Growth Projections:
Growth projections associated with expenditures were assigned to the primary categories as
detailed above in the assumptions. A growth projection was not applied to Capital Outlay as this
was directly applied through capital project planned expenditures. These expenditure growth
projections were based on County internal growth projections for long term financial planning.
o Personal Services: This was projected to increase at a rate of 5% per year.
o Operating Expenses: This was projected to increase at a rate of 3% per year.
o Interfund Transfers: This was projected to increase at a rate of 2% per year.
• Applicable Unit Growth Projections:
These growth projections estimate the planned growth of residential and commercial units
within the County. As such, they directly impact assessment revenue rates based upon the
applicable WGUs that impact revenue lines. The categories listed below align with major
categories associated with the "SWDD Roll" and the use codes associated with properties in the
County. These assumptions are made using historical trends and were reviewed and agreed to
by County staff.
o Single Family: This was projected to increase at a rate of 0.1% per year.
o Multi -Family: This was projected to increase at a rate of 0.5% per year.
o Condominiums: This was projected to increase at a rate of 3% per year.
o Other Residential: This was projected to remain the same each year going forward.
o Office: This was projected to decrease at a rate of 0.1% per year.
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o Retail: This was projected to remain the same each year going forward.
o Food Service: This was projected to remain the same each year going forward.
o Industrial: This was projected to remain the same each year going forward.
o Other Commercial: This was projected to remain the same each year going forward.
• Tonnage Projections:
Tonnage projections impact revenues from tipping fees based upon their tonnage growth,
independently from changes in the tip fee itself. These are broken down into four major
categories based upon historical trends, and all other tonnage categories not listed in this series
are represented as having no projected growth based upon those trends. These categories
include Garbage, Sludge, Construction & Demolition Debris (C&D), and Yard Waste.
o Garbage (waste code GCH): This was projected to increase at a rate of 1% per year.
o Sludge (waste codes VB-UTS and UTS): This was projected to increase at a rate of 1% per
year.
o C&D (waste codes WCD, C&D, DIR): This was projected to increase at a rate of 1% per
year.
o Yard Waste (waste codes CHP and LCD): This was projected to increase at a rate of 1%
per year.
• Fund Balance Policy
o The County's current fund balance target for the SWDD fund is that a minimum of 35%
total expenditures (including capital investment projects and transfers) be maintained
as unrestricted funds. For the purposes of this study, the 35% minimum was used.
Capital Expenditure Impacts
REPS are necessary to appropriately plan for fund balance sufficiency and targets in future years. As
such, major expenditures were analyzed for projected impacts to the solid waste funding sources.
Capital expenses are a considerable factor in analyzing the funding structure for this program. In the
operation of a major landfill, major planned expenditures for large value items such as the closure or
maintenance of existing cells and the construction and opening of new cells is essential to guarantee
financial solvency for future needs. KCI utilized existing Capital Improvement Plans and projected long
term needs supplied by SWDD to develop future capital outlay projections (Tables 1 and 2).
Table 1: Projected Capital Expenditures — FY 2024 — FY 2028
FY 2024 FY 2025 FY 2026 FY 2027 FY 2028
Cell Xonstruction $7,700,000
Design, Permit & $2,000,000
Construct LFG
Expansion of Cell II of
Segment 3
Design, Permit &
Construct LFG
Expansion of Cell III of
$2,000,000
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Segment 3
Blue Cypress Transfer
Station
New South Exit Gate & $480,000
Road Improvements
Yard Waste Road
Extension &
Improvements
Improvements for C&D $1,020,000
Operations
Dedicated right turn $1,625,000
lane along 74th Ave
SW, Auto Entry Main
Gate, License Plate
Cameras
2"d CROM Tank with
Double Wall
$420,000
$270,000
$1,800,000
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Table 2: Projected Capital Expenditures — FY 2029 — FY 2033
Cell 4 Design &
Construction
New Admin Building
New Recycling
Processing Facility &
Equipment
$1,350,000 $9,900,000
$625,000
$10,400,000
The projects listed in FY 2030, FY 2031, and FY 2032 (Cell 4, Admin Building, and New Recycling
Processing Facility) are the most impactful on long term financial planning. Currently the financial
projections for the first five years, regardless of generation or tipping fee rate changes, meet fund
balance minimum requirements, however the next five years require pre -planning for revenue
sufficiency to cover and maintain fund balance.
RESULTS
KCI utilized the methodologies and data provided above to develop a multi-year projected financial
program that analyzed revenues versus planned expenditures over a five-year and a ten-year period.
These projections were then further revised into five separate scenarios to gauge impacts of two
primary factors: the implementation of proposed new WGU rates from the generation analysis
performed in 2022 and the increase of various tipping fees to be in line with market levels, especially of
neighboring counties and solid waste districts.
This analysis was broken down into the following:
1. Baseline (No Changes): This scenario did not implement new recommended WGU rates and did
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not apply any changes to tipping fee rates for either a five- or ten-year period.
2. Scenario 1: This scenario only applied the new recommended WGU rates to the revenue
projections for the five- and ten-year periods.
3. Scenario 2: This scenario only applied increases to tipping fees based upon review by SWDD to
the five- and ten-year periods, and then increased them by an estimated CPI increase of 3% in
outer years.
4. Scenario 3: This scenario applied both recommended WGU rates and proposed tipping fee
changes from Scenario 2 to the five- and ten-year periods.
5. Scenario 4: This scenario applied a differential implementation of recommended WGU rates to
be applied over a three-year period. This would include a revision to the WGU's of 50 percent of
the proposed change in FY 2024 and the remaining 50% of the change in FY 2027. This scenario
also implemented the new proposed tipping fees as presented in Scenarios 2 and 3 with a 3%
increase per year in tipping fee rates through the ten-year period.
All scenarios were identical in projected capital expenditures and associated projected revenues and
expenditures in all other aspects.
Assessment Rate Increases:
All scenarios include a 5% Assessment rate projected increase annually. Table 3 represents the
proposed rate increase percentages and their impact on the Assessment rates:
Table 3: Projected Assessment Rates
Assessment Base Rate $57.95 $60.85 $63.89 $67.08 $70.44
($/WGU)
Assessment Recycling Rate $38.84 $40.78 $42.82 $44.96 $47.21
($/WGU)
Total Residential Rate ($/HH) $147.49 $154.86 $162.61 $170.74 $179.27
Assessment Base Rate $73.96 $77.66 $81.54 $85.62 $89.90
($/WGU)
Assessment Recycling Rate $49.57 $52.05 $54.65 $57.38 $60.25
($/WGU)
Total Residential Rate ($/HH) $188.24 $197.65 $207.53 $217.91 $228.80
Proposed Tip Fee Increases:
In 2020, KCI performed a tip fee comparison survey for SWDD to review their tipping fees versus other
comparable or geographically close disposal service providers and counties. This survey showcased that
in most instances, SWDD provided some of the lowest tip fees of all those compared. Using this survey,
the project team developed a proposed tip fee schedule that would then bring these fees into line with
market rates, especially those that are neighbors of the County. This will assist in managing flow control
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for the Landfill by limiting outside of county users bringing their materials to the Landfill for disposal due
to their lower pricing.
KCI used these proposed tip fees to document financial impacts over the ten-year period to determine if
these would benefit the SWDD fund. Some of these tip fees, as noted, are integrated into the rate
model, with the respective proposed tip fee changes included in Scenarios 2 and 3.
Table 4: New Proposed Tipping Fee Rates in Scenarios 2 and 3
Mixed Garbage and C&D GCH $/ton $32.50 $34.13 $1.63 5%
C&D Debris
WCD
$/ton
$31.80
$44.52
$12.72
40%
C&D
$/ton
$30.00
$42.00
$12.00
40%
DIR
$/ton
$3.00
$3.15
$0.15
5%
Asphalt
ASP
$/ton
$31.80
$44.52
$12.72
40%
Pallets
PAL
$/ton
$31.80
$44.52
$12.72
40%
Clean Concrete
CCD,
$/ton
$3.00
$15.00
$12.00
400%
SCC
Land Clearing Debris
LCD
$/ton
$22.00
$42.00
$20.00
91%
CHP
$/ton
$18.00
$38.00
$20.00
111%
Yard Trash
YDT
$/ton
$0.00
$0.00
$0.00
$0.00
FDOT Yard Trash
FDOT
$/ton
$24.48
$42.00
$17.52
72%
Garbage in Yard Trash
AGAR
Each
$25.00
$25.00
$0.00
$0.00
Contaminated Land Clearing Debris
LCN
$/ton
$55.00
$55.00
$0.00
$0.00
Contaminated Yard Trash
YDC
$/ton
$55.00
$55.00
$0.00
$0.00
Contaminated C&D
CDL
$/ton
$55.00
$55.00
$0.00
$0.00
Contaminated Soil
CCS
$/ton
$55.00
$55.00
$0.00
$0.00
Contaminated Soil -Alternative Cover
CCS -AC
$/ton
$5.00
$20.00
$15.00
300%
Charity Projects - C&D
CPC
$/ton
$31.80
$44.52
$12.72
40%
Charity Projects - Garbage
CPG
$/ton
$32.50
$34.13
$1.63
5%
Dewatered Sludge
UTS
$/ton
$15.00
$40.00
$25.00
167%
Septage/Grease/Grit
SGG
$/ton
$15.00
$40.00
$25.00
167%
Dewatered Sludge
VB-UTS
$/ton
$24.23
$49.23
$25.00
103%
Animal Disposal -Small
ANS
each
$5.00
$5.00
$0.00
$0.00
Animal Disposal - Large
ANL
each
$50.00
$50.00
$0.00
$0.00
Out of County MSW ,x
OCG
$/ton
$60.00
$70.00
$10.00
17%
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Asbestos
ASB
$/ton
$140.00
$140.00
$0.00
$0.00
Tires - Auto
TAS*,
$/ton
$95.00
$150.00
$55.00
58%
TAU*,
each
$2.00
Remove
Remove
Remove
TDO*
Tires -Truck
TTR,
$/ton
$100.00
$300.00
$200.00
200%
TTS,
each
$5.00
Remove
Remove
Remove
TMS*
Tires - Heavy Equip.
THE,
$/ton
$130.00
$300.00
$170.00
131%
THS
each
$20.00
Remove
Remove
Remove
Treated Ties/Poles
TTP
$/ton
$32.53
$45.00
$12.47
38%
Special Waste Handling
SWH
each
$50.00
$70.00
$20.00
40%
Vehicle Weight Tare/Gross
VWS
each
$3.00
$10.00
$7.00
233%
Uncovered Load
UL
each
$25.00
$100.00
$75.00
300%
Scrap Metal / White Goods
RSM
each
$0.00
$0.00
$0.00
$0.00
Boats
BOT
$/ton
$32.50
$45.00
$12.50
38%
Mobile Home Trailers
MHT
$/ton
$31.80
$45.00
$13.20
42%
Red Tide Debris
REDTIDE
$/ton
$32.50
$45.00
$12.50
38%
Electronics - Residents
REW
each
$0.00
$0.00
$0.00
$0.00
Electronics - Businesses
BEW
$/ton
$0.00
$60.00
$60.00
NEW
Household Hazardous Waste
HHW
each
$0.00
$0.00
$0.00
$0.00
*The first six (6) Residential Tires will continue to be accepted at no charge at the IRC Landfill and at all five (5) Customer
Convenience Centers (CCC's). No heavy tires will be accepted at the CCC's. No Tractor or Agricultural Tires will be accepted at
the CCC's or the IRC Landfill as SWDD does not have a proper means of disposal.
The rate comparison table from 2020 has been updated by SWDD staff for the purposes of this rate
study and is included as Attachment A.
Long Range Financial Projection Scenarios
KCI has developed the following charts to represent the findings of each of the five scenarios listed
above. These charts represent the total projected revenues and expenditures of each scenario as well
as the projected fund balance percentage remaining.
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Baseline:
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The Baseline model is built to represent no changes from normal, aside from a steady increase to the base Assessment rate of 5% per year going
forward. No WGU changes or tipping fee rate changes were applied to the fund over the length of this model. The following graph represents
projected revenues, expenditures, and fund balance percentages from this model. A breakdown of the financial modeling for this ten-year
period is included as Attachment B.
Figure 1: Baseline 10 -Year Financial Projection
$45,000,000
$40,000,000
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
Revenues
I� Expeditures
Fund Balance %
160%
140%
120%
100%
80%
60%
40%
20%
0%
As shown above, the lowest the fund balance reached in the ten-year period is in FY 2032 at 26% this is predominantly due to large capital
expenditures being planned for during that and the preceding years. This is below the recommended fund balance of 35%.
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Scenario 1:
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Scenario 1 is built to assess the impacts of the new WGU rates on the overall fund. As noted in the Generation Study technical memorandum,
these rates are lower based upon new data representing lower generation of waste by most types of properties, and some that are higher.
These lower overall generation rates then apply to the same Assessment charges listed above and show an impact of lower revenues throughout
the ten-year period. A breakdown of the financial modeling for this ten-year period is included as Attachment C.
Figure 2: Scenario 1 10 -Year Financial Projection
$45,000,000
$40,000,000
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
Revenues
Expeditures
Fund Balance %
4:ma i,
FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 FY 2032 FY 2033
$20,872,508 $21,829,344 $22,836,933 $23,898,152 $25,016,045 $26,193,841 $27,434,964 $28,743,044 $30,121,930 $31,575,704
$36,004,168 $26,311,387 $26,695,927 $25,383,508 $26,164,872 $26,970,789 $29,152,053 $38,559,485 $40,568,936 $30,456,281
134% 108% 86% 76% 68% 62% 53% 17% -19% -14%
160%
140%
120%
100%
80%
60%
40%
20%
0%
—20%
—40%
This projection shows that if the new recommended WGU rates are applied, the fund will go below the recommended fund balance minimum
percentage of 35% in FY 2031, and will be negative in the following years. This is again due to capital expenditures projected to impact the fund
in that and previous years.
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Scenario Z
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Scenario 2 is built to represent the fund if only tipping fees were increased, and no changes were implemented in WGU rates. A 3% projected
CPI increase to these tipping fees each year going forward was also included. This scenario applies the tipping fee changes as outlined in Table 4.
A breakdown of the financial modeling for this ten-year period is included as Attachment D.
Figure 3: Scenario 2 10 -Year Financial Projection
$45,000,000
$40,000,000
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
Revenues
Expeditures
Fund Balance %
140%
120%
100%
80%
60%
40%
20%
0%
In this scenario, revenues increase due to the tipping fee changes and the fund does not fall below the 35% fund balance target in the ten-year
period.
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n
x
e,
,
FY 2024
FY 2025
FY 2026
FY 2027
FY 2028
FY 2029
FY 2030
FY 2031
FY 2032
FY 2033
$23,693,937
$24,877,442
$26,123,094
$27,434,328
$28,814,779
$30,268,296
$31,798,953
$33,411,069
$35,109,217
$36,898,241
$36,004,168
$26,311,387
$26,695,927
$25,383,508
$26,164,872
$26,970,789
$29,152,053
$38,559,485
$40,568,936
$30,456,281
130`Yo
118%
111%
113%
117%
122%
124%
103%
82%
96%
140%
120%
100%
80%
60%
40%
20%
0%
In this scenario, revenues increase due to the tipping fee changes and the fund does not fall below the 35% fund balance target in the ten-year
period.
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Scenario 1
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Scenario 3 is built to represent both implementation of the recommended WGU changes as well as increases to the previously listed tipping fees
in Table 4. This scenario also included the projected CPI increase of 3% to the tipping fees each year in the ten-year period. A breakdown of the
financial modeling for this ten-year period is included as Attachment E.
Figure 4: Scenario 3 10 Year Financial Projection
$45,000,000
$40,000,000
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
Revenues
I� Expeditures
Fund Balance %
FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 FY 2032 FY 2033
$22,460,908 $23,574,239 $24,745,556 $25,978,033 $27,275,030 $28,640,102 $30,077,010 $31,589,736 $33,182,498 $34,859,759
$36,004,168 $26,311,387 $26,695,927 $25,383,508 $26,164,872 $26,970,789 $29,152,053 $38,559,485 $40,568,936 $30,456,281
132% 114% 101% 98% 98% 99% 97% 71% 45% 55%
160%
140%
120%
100%
80%
60%
40%
20%
0%
In this scenario the impacts of increasing the tipping fees positively impacts the reductions in revenue due to the WGU rate changes and the
fund does not go below the minimum fund balance threshold of 35% in the ten-year period.
14620 N. NEBRASKA AVE BLDG D I TAMPA, FL 133613 1813,971.8333 1 KESCONSULT.COM
IndianRiverCounty/2022-Rate Study/Final_RateStudy_TM
2022 Rate Study Technical Memorandum 103/24/23 1 Page 14 of 21
Scenario 4:
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Scenario 4 is built to provide another option for implementation of the recommended WGU rates. This scenario also includes implementation of
the new recommended tipping fee rates along with a base 3% per year CPI increase to tipping fees from their current rates. If the County chose
to implement the new WGU rates over a three-year period, in which they would revise the rates to 50% of the new projected change in FY 2024
and the remainder of the change in FY 2027, the following financial impact over the ten-year period would occur. A breakdown of the financial
modeling for this ten-year period is included as Attachment F.
Figure 5: Scenario 410 Year Financial Projection
$45,000,000
$40,000,000
$35,000,000
$30,000,000 — — — — —
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
Revenues
Expeditures
Fund Balance %
n ,
FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 FY" 2032 FY 2033
$23,077,422 $24,225,840 $25,434,325 $25,978,033 $27,275,030 $28,640,102 $30,077,010 $31,589,736 $33,182,498 $34,859,759
$36,004,168 $26,311,387 $26,695,927 $25,383,508 $26,164,872 $26,970,789 $29,152,053 $38,559,485 $40,568,936 $30,456,281
131% 116% 106% 106% 105% 106% 104% 77% 51% 61%
140%
120%
100%
80%
60%
40%
20%
0%
Similar to Scenario 3, in this scenario the impacts of increasing the tipping fees positively impacts the reductions in revenue due to the WGU rate
changes and the fund does not go below the minimum fund balance threshold of 35% in the ten-year period.
14620 N. NEBRASKA AVE BLDG D I ,�P,/ rA, FL 1336 i:' 1813.971.8333 1 KESCONSULT.COM
Indian RiverCounty/2022-Rate Study/Final_RateStudy_TM
kessler consulting inc.
2022 Rate Study Technical Memorandum 103/24/23 1 Page 15 of 21 innovative waste solutions
CONCLUSIONS AND NEXT STEPS
The SWDD fund is in good shape for the coming five years no matter how SWDD chooses to implement
potential revisions to their revenue structure. This provides SWDD some ease in determining the
appropriate way to cover costs for the future and to plan for future capital investment needs. It also
provides options for SWDD to consider that would not have immediate disparaging effect if
implemented and could be reviewed for impacts for the coming years to verify projections.
As noted in the Generation Study technical memorandum, KCI has determined that the previous WGU
rates that were in place are not accurate with current generation data based upon their age and
changes in waste generation trends over the past two decades. Along with this information, an analysis
occurred to determine if the proposed generation rates fell into line with actual tonnage data provided
by the Landfill. Since this data appeared more accurate than previous WGU information, it is
recommended that these new rates be implemented.
As this rate study has shown, however, these new WGUs will reduce associated assessment revenue
each year going forward, requiring SWDD to revise their revenue methodologies to cover similar
expense requirements and new capital costs in the future. To do this, tipping fee rates have been
evaluated for revision and increase for particular types to bring these more into line with neighboring
counties and market levels. The results of which show positive revenue impacts and effective fund
balance coverage for the future.
It should be noted that future projections get increasingly less accurate each year going forward due to
the unpredictability of markets, the economy, growth, and many other factors that impact the
projections included in this study. As such, the fact that all scenarios reviewed meet financial
requirements in the next five-year period is a positive note, with the County or SWDD having the ability
to impact the ten-year projections with multiple variables in the future.
Using the information gathered in this study, KCI (with SWDD leadership's input and guidance)
recommends that Scenario 3 or Scenario 4 be strongly considered for implementation with regular
review of the SWDD fund's financial standing to verify projection accuracy. This will implement more
accurate, defensible generation rates for County residents and businesses while also implementing new
tipping fees to meet market requirements and to further benefit flow control.
Finally, it is recommended that these funding scenarios be reviewed upon completion of the current
franchise collection procurement process to integrate new collection costs into the model and to update
rate changes or impacts accordingly.
14620 N. NEBRASKA AVE BLDG D I TAMPA, FL I obi 1 ;13.971.$3_ 1 KESCONSULT.COM
IndianRiverCounty/2022-Rate Study/ Fin al_RateStudy_TM
2022 Rate Study Technical Memorandum 103/24/23 ( Page 16 of 21
ATTACHMENT A - RATE COMPARISON TABLE
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County
C&D
Clean
Land Yard Trash
Contain.
D-atered
Animal Animal
Out of
Asbestos
Tires-
Tires-
Tires -
Special
Vehicle
Uncovered
propane
Scrap
goats
Mobile
Electronics
HHW
Debris
Concrete
Clearing
Soil
Sludge
Disposal- Disposal-
County
Auto
Truck
Heavy
Waste
Weight
Load
Tanks
Metal
Home
Debris
Small Large
M5W
Equip.
Handling
Tare/Gross
/White
Trailers
Goods
$/ton
$/ton
$/ton
$/ton
$/ton
S/ton
as noted as noted
$hon
$/ton
as noted
as noted
as noted
as noted
$ each
as noted
as noted
as noted
as noted
as noted
as noted
as noted
Indian
$31.80
$300
$2200
$000
$55.00
$15.00
$5 each $50 each
$60.00
$140.00
$95/1on
$100/ton
$130/1on
$50.00
$300
$25 each
no charge
no charge
$32.50/ton
$31.80/1on
Free-
Free -residents
elver
$2 each
$5 each
$20 each
residents
only
only
St, Lucie
$32.00
$45.00
Not
$49.00
$49/ton
$70.00
Nat
$105/tan
$300/ton
$70/ton
$10.00
No charge
$2.50 each
$2.50/bad
$30 each
$30 each
Free-
Free - residents
accepted
accepted
$2 each
residents
only
only
Brevard
$32.61
$0.00
$41.86
$41-$82
$25.00
$34.98/ton
Not
$100.00
$161.68/ton
$41/1on
No charge
No charge
Collected
Free
Free
Not
Free
Free -residents
accepted
as HHW
Accepted
only
Martin
$42.00
$7-$21
$2433
Not
Not
S60/ton
Same
Not
$130/ton
$30W-
Not
$5.00
2. rate
Will
$21-
S42/ton
$42/ton
Free-
Free - residents
accepted
accepted
rates as in
accepted
S4 each
$30each
accepted
as HHW
$38.60/ton
residents
onry
County
only
Highlands
$25.00
$0.00
$25.00
$45.00
See nate
$75/ton
Not
$150.00
$110/ton
$110/ton
$110/ton
$50-150
$500
$50 each
$0-20
$20.00
$45/ton
$200-
$45/1on
Free for
accepted
$7.50 each
$15 each
pe-ol
each
$450 each
resident,
53/gal - comm
paint
palm
$60.00
$60.00
$35.00
$150.00
$100.00
$30.00each
$137.00
$150.00
$100.00
$190.00
$190.00
$150.00
No charge
$10.00
NNW
$10.00
$52/ton
$9000
Free
free
Sexh
Volusla
$28.00
$2300
n/a
Not
$34/ton
2x rate,
$200.00
$17200
$288.00
$28800
2. rate,
$5.00
2x-
n/a
n/a
n/a
n/a
Free-
Free - residents
accepted
minimum
mninn-
minimum
-idents
only
only
Manatee
$61.00
$61.00
$40.00
$61.00
$61.00
$40/ton
3x rate
$61.00
$111
$86.00
$86.00
2x ate
$1.50
2x rate
Collected
$40/ton
$40/ton
561/1..
Free-
Free -residents
mixed
as HHW
residents
only
loads
only
Sarasota
$56.38
$41.37
Not
$75.00
$57.56/ton
Not
$57.56-
$158.6/ton
See note
$500
No charge
$57.56/ton
$57.56/ton
$57.56/ton
$57.56/ton
Free-
Free - residents
accepted
accepted
$75
$2 each
resident,
only
only
Citrus
$120.00
n
$22.50
$90-0
$90.00
$90.00
$90.00
183or$3
183 or $3
$288.00
$90.00
$5.00
$10.00
$60.00
60•
$60/ton
$60/ton
$60/ton-
Tvs
$0/ton-
other
ChoHotte
$37.60
$37.60
$37.60
Not
$37.60/ton
$75.20
$104.45
$120.12
$120.12
$120.12
$50/event
$5.00
No charge
Collected
$3760
$37.60
$37.60
Free-
Free -residents
accepted
as HHW
resident,
only
only
14620 N. NEBRASKA AVE BLDG D I TAMPA, FL 133613 1 813.972,8333 1 KESCONSULT.COM
n:dv I, -toy
2022 Rate Study Technical Memorandum 103/24/23 1 Page 17 of 21
ATTACHMENT B - SUMMARY OF BASELINE FINANCIAL PROJECTION
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14620 N. NEBRASKA AVE BLDG D I TAMPA, FL ( 33613 1813.971.8333 1 KESCONSULT.COM
Indian RiverCounty/2022-Rate Study/Final_RateStudy_TM
FY24
Projected
FY25
Projected
FY26
Projected
FY27
Projected
FY28
Projected
FY29
Projected
FY30
Projected
FY31
Projected
FY32
Projected
FY33
Projected
StaMng Fund Balance
$43,189,471
$29,290,840
$26,111,999
$23,630,544
$23,601,483
$23,992,404
$24,843,650
$24,848,505
$16,1153,397
$8,333,110
Revenue
Service Assessment
$17,943,029
$18,907,870
$19,926,153
$21,000,958
$22,135,551
$23,333,396
$24,598,167
$25,933,765
$27,344,327
$28,834,247
Landfill Assessment
$296,258
$311,071
$326,625
$342,956
$360,104
$378,109
$397,014
$416,865
$437,708
$459,594
FEMA Grants
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Landfill Ti Fees
$3,052,237
$3,082,759
$3,113,597
$3,144,723
$3,176,170
$3,207,932
$3,240,011
$3,272,411
$3,305,135
$3,338,187
Recycle Sales
$728,267
$742,832
$757,689
$772,842
$788,299
$804,065
$820,147
$836,550
$853,280
$870,346
Other Base Revenue
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
Interest
$37,808
$40,076
$42,481
$45,030
$47,732
$50,596
$53,631
$56,849
$60,260
$63,876
TOTAL FUND REVENUES
$22,105,537
$23,132,547
$24,214,472
$25,354,447
$26,555,794
$27,822,035
$29,156,908
$30,564,378
$32,048,649
$33,614,187
Expenditures
Personal Services
$1,028,709
$1,080,145
$1,134,152
$1,190,860
$1,250,403
$1,312,923
$1,378,569
$1,447,497
$1,519,872
$1,595,866
Operating Expenses
$21,777,475
$22,430,799
$23,103,723
$23,796,834
$24,510,739
$25,246,062
$26,003,444
$26,783,547
$27,587,053
$28,414,665
Subtotal Operating Expenditures
$22,806,184
$2-%510,944
$24,237,875
$24,997,694
$25,761,142
$26,558
$27,382,012
$28,231
$29,106,925
$30,010,531
Capital Improvements
$12,825,000
$2,420,000
$2,070,
$0
$0
$0
$1,350,000
$9,900,000
$11,025,000
$0
Subtotal Capital Improme nts
$12,825,000
$2,420,000
$21070
$0
$0
$0
$1,350,000
$9,900,000
$12,02S,000
$0
Grants and Aids
$0
$0
$0
$0
$0
$0
$0
$0
$0
Interfund Transfer
$372,984
$380,
$388,053
$395,814
$403,730
$411,8051
$420,041
$428,442
$437,011
$445,751
Debt Service
$0
$
$
$0
$0
$0
$0
Subtotal Other Expenditures
$372,984
$380,444
$388,053
$395,814
$403,
$411,805
$420,041
$428,
$437,011
$445,751
TOTAL FUND EXPENDITURES
$36,004,168
$26,311,388
$26,695,928
$25,383,508
$26,164,8
$26,970,789
$29,152,053
$38,559,486
$40,568,936
$30,456,281
REVENUES LESS EXPENDITURES 1
$390,921
$851,246
$4,855
.7,995,108)
$3,157,906
Ending Fund Balance
$29,290,840
$26,111,999
$23,630,544
$23,601,483
$23,992,404
$24,843,650
$24,848,505
$16,853,397
$8,333,110
$11,491,016
Fund Balance as percent
of Revenue
133%
113%
98%
93%
90% 1
89%
85% 1
55% 1
26% 1
34%
14620 N. NEBRASKA AVE BLDG D I TAMPA, FL ( 33613 1813.971.8333 1 KESCONSULT.COM
Indian RiverCounty/2022-Rate Study/Final_RateStudy_TM
2022 Rate Study Technical Memorandum 103/24/23 1 Page 18 of 21
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ATTACHMENT C - SUMMARY OF SCENARIO 1 PROJECTION - IMPLEMENTATION OF NEW WGUs
14o2u iv. NL6RASKA AVE BLDG D I TAMPA, FL 133613 1813.971.8333 1 KESCONSULT.COM
IndianRiverCounty/2022-Rate Study/Final_RateStudy_TM
FY24
Projected
FY25
Projected
FY26
Projected
FY27
Projected
FY28
Projected
FY29
Projected
FY30
Projected
FY31
Projected
FY32
Projected
FY33
Projected
Starting Fund Balance
$43,189,471
$28,057,811
$23,575,768
$19,716,774
$18,231,418
$17,082,591
$16,305,643
$14,588,554
$4,772,113
($5,674,893)
Revenue
Service Assessment
$16,710,000
$17,604,667
$18,548,615
$19,544,663
$20,595,802
$21,705,202
$22,876,224
$24,112,432
$25,417,608
$26,795,765
Landfill Assessment
$296,258
$311,071
$326,625
$342,956
$360,104
$378,109
$397,014
$416,865
$437,708
$459,594
FEMA Grants
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Landfill rip Fees
$3,052,237
$3,082,759
$3,113,587
$3,144,723
$3,176,170
$3,207,932
$3,240,011
$3,272,411
$3,305,135
$3,338,187
Recycle Sales
$728,267
$742,832
$757,689
$772,842
$788,299
$804,065
$820,147
$836,550
$853,280
$870,346
Other Base Revenue
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
Interest
$37,808
W,076
$42,481
$45,030
$47,732
$50,596
$53,631
$56,849
$60,260
$63,876
TOTAL FUND REVENUES
$20,872,508
$21,829,344
$22,836,934
$23,898,152
$25,016,005
$26,193,842
$27,434,965
$28,743,045
$30,121,930
$33,575,705
Expenditures
Personal Services
$1,028,709
$1,080,145
$1,134,152
$1,190,860
$1,250,403
$1,312,923
$1,378,569
$1,447,497
$1,519,872
$1,595,866
Operating Expenses
$21,777,475
$22,430,799
$23,103,723
$23,796,834
$24,510,739
$25,246,062
$26,003,444
$26,783,547
$27,587,053
$28,414,665
Subtotal Operadng Expenditures
$22,-184
$23,510,944
$20.237,875
$24,997,694
$25,761,142
$26,558
$27,382,012
$28,231
$29,106,925
$90,010,531
Capital Improvements
$12,825,000
$2,420,000
$2,070,000
$0
$0
$0
$1,350,000
$9,900,000
$11,025,000
$0
Subtotal Capital Improvments
$12,825,000
$2,420,000
$Z070,000
$0
$0
$0
$1,350
$9,90D,000
$11,025,000
$0
Grants and Aids
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Interfund Transfer
$372,984
$380,444
$388,053
$395,814
$403,730
$411,805
$420,041
$428,442
$437,011
$445,751
Debt Service
$0
$
$0
$0
$0
$0
$0
$0
$0
Subtotal Other Expenditures
$372,984
$380,444
$388,053
$395,814
$408,
$411,805
$420,041
$428,442
$437,011
$445,75
TOTAL FUND EXPENDITURES
$36,004,168
$26,311,388
$26,695,928
$25,383,
$26,164,872
$26,970,789
$29,152,053
$38,559,486
$40,515B,936
$30,456,281
REVENUES LESS EXPENDITURES
i515,131,:iC+Oj
($4,482,044)
($3,858,994)X356.
$ 148,
$776,948
($1,717,088)
($9,816,441)
($10,447,006)
$1,119,423
Ending Fund Balance
$28,057,811
$23,575,768
$19,716,774
$18,233,418
17,06;591
$16,305643
$10.588,554
$4,772,113
($5,674,893)
($4,555,469)
Fund Balance as percent of Revenue
134%
108%
86%
76%
68%
62%
53%
17%
-19%
14%
14o2u iv. NL6RASKA AVE BLDG D I TAMPA, FL 133613 1813.971.8333 1 KESCONSULT.COM
IndianRiverCounty/2022-Rate Study/Final_RateStudy_TM
2022 Rate Study Technical Memorandum 1 03/24/23 1 Page 19 of 21
ATTACHMENT D - SUMMARY OF SCENARIO 2 PROJECTION - INCREASES TO TIPPING FEES
kessler consulting inc.
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14620 N. NEBRASKA AVE BLDG D I TAMPA, FL 133613 1813.971.8333 1 KESCONSULT.COM
IndianRiverCounty/2022-Rate Study/Final_RateStudy_TM
FY24
Projected
FY25
Projected
FY26
Projected
FY27
Projected
FY28
Projected
FY29
Projected
FY30
Projected
FY31
Projected
FY32
Projected
FY33
Projected
Starting Fund Balance
$43,189,471
$30,879,240
$29,445,295
$28,872,462
$30,923,282
$33,573,190
$36,870,696
$39,517,597
$34,369,181
$28,909,462
Revenue
Service Assessment
$17,943,029
$18,907,870
$19,926,153
$21,000,958
$22,135,551
$23,333,396
$24,598,167
$25,933,765
$27,344,327
$28,834,247
Landfill Assessment
$296,258
$311,071
$326,625
$342,956
$360,104
$378,109
$397,014
$416,865
$437,708
$459,594
FEMA Grants
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Landfill Ti Fees
$4,640,637
$4,827,655
$5,022,209
$5,224,604
$5,435,156
$5,654,193
$5,882,057
$6,119,103
$6,365,703
$6,622,241
Recycle Sales
$728,267
$742,832
$757,689
$772,842
$788,299
$804,065
$820,147
$836,550
$853,280
$870,346
Other Base Revenue
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
Interest
$37,808
$40,076
$42,481
$45,030
$47,732
$50,596
$53,631
$56,849
$%260
$63,876
TOTAL FUND REVENUES
$23,693,937
$24,877,442
$26,123,09S
$27,434,329
$28,814,780
$30,268,296
$31,798,954
$33,411,070
$35,109,217
$36,898,242
Expenditures
Personal Services
$1,028,709
$1,080,145
$1,134,152
$1,190,860
$1,250,403
$1,312,923
$1,378,569
$1,447,497
$1,519,872
$1,595,866
Operating Expenses
$21,777,475
$22,430,799
$23,103,723
$23,796,834
$24,510,739
$25,246,062
$26,003,444
$26,783,547
$27,587,053
$28,414,665
Subtotal Operating Expenditures
$22,806,184
$23,510,944
$24,237,875
$24,987,694
$2S,761,142
$26,558,984
$27,382,012
$28,231,044
$29,106,925
$30,010,531
Capital Improvements
$12,825,000
$2,420,000
$2,070,000
$0
$0
$0
$1,350,000
$9,900,000
$11,025,000
$0
Subtotal Capital Improvments
$12,825,000
$2,420,000
$2,070,000
$0
$0
$0
$1,350,000
$9,900,
$11,025,000
$0
Grants and Aids
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Interfund Transfer
$372,984
$380,444
$388,053
$395,814
$403,730
$411,805
$420,041
$428,442
$437,011
$445,751
Debt Service
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Subtotal Other Expenditures
$372,984
$380,444
$388,053
$395,814
$403,730
$411,805
$420,041
$428,442
$437,011
$445,751
TOTAL FUND EXPENDITURES
$36,004,168
$26,311,388
$26,695,928
$25,383,508
$26,164,872
$26,970,789
$29,152,053
$38,559,486
$40,568,936
$30,456,281
REVENUES LESS EXPENDITURES
,;1
$2,050,821
$2,649,907
$3,297,507
$2,646,901
$6,441,960
Ending Fund Balance
$30,879,240
$29,445,295
$28,872,462
$30,923,282 I
$33,573,190
$36,870,696
$39,517,597
$34,369,181
$28,909,462
$35,351,422
Fund Balance as percent of Revenue
130%
118%
111%
113% 1
117%
122%
124%
103%
82%
96%
14620 N. NEBRASKA AVE BLDG D I TAMPA, FL 133613 1813.971.8333 1 KESCONSULT.COM
IndianRiverCounty/2022-Rate Study/Final_RateStudy_TM
2022 Rate Study Technical Memorandum 03/24/23 1 Page 20 of 21
kessler consulting inc._..
innovative waste solutions
ATTACHMENT E - SUMMARY OF SCENARIO 3 PROJECTION - IMPLEMENT NEW WGUs and INCREASE TIPPING FEES
14620 N. NEBRASKA AVE BLDG D I TAMPA, FL 133613 1813.971.8333 1 KESCONSULT.COM
IndianRiverCounty/2022-Rate Study/Final_RateStudy_TM
FY24
Projected
FY25
Projected
FY26
Projected
FY27
Projected
FY28
Projected
FY29
Projected
FY30
Projected
FY31
Projected
FY32
Projected
FY33
Projected
Starting Fund Balance
$43,189,471
$29,646,211
$26,909,063
$24,958,692
$25,553,217
$26,663,376
$28,332,689
$29,257,646
$22,287,897
$14,901,459
Revenue
Service Assessment
$16,710,000
$17,604,667
$18,548,615
$19,544,663
$20,595,802
$21,705,202
$22,876,224
$24,112,432
$25,417,608
$26,795,765
Landfill Assessment
$296,258
$311,071
$326,625
$342,956
$360,104
$378,109
$397,014
$416,865
$437,708
$459,594
FEMA Grants
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Landfill Tip Fees
$4,640,637
$4,827,655
$5,022,209
$5,224,604
$5,435,156
$5,654,193
$5,882,057
$6,119,103
$6,365,703
$6,622,241
Recycle Sales
$728,267
$742,832
$757,689
$772,842
$788,299
$804,065
$820,147
$836,550
$853,280
$870,346
Other Base Revenue
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
Interest
$37,808
$40,076
$42,481
$45,030
$47,732
$50,596
$53,631
$56,849
$60,260
$63,876
TOTAL FUND REVENUES
$22,460,908
$23,574,239
$2A,745,556
$25,978,034
$27,275,031
$28,640,103
$30,077,010
$31,589,737
$33,18Z498
$34,859,759
Expenditures
Personal Services
$1,028,709
$1,080,145
$1,134,152
$1,190,860
$1,250,403
$1,312,923
$1,378,569
$1,447,497
$1,519,872
$1,595,866
Operating Expenses
$21,777,475
$22,430,799
$23,103,723
$23,796,834
$24,510,739
$25,246,062
$26,003,444
$26,783,547
$27,587,053
$28,414,665
Subtotal Operating Expenditures
$ZZSD6,184
$23,510,944
$24,237,875
$24,987,694
$25,761,142
$26,558
$27,382,012
$28,231.044
$29,106,925
$30,010,531
Capital Improvements
$12,825,000
$2,420,000
$2,070,000
$0
$0
$0
$1,350,000
$9,900,000
$11,025,000
$0
Subtotal Capital Improvments
$12,825,000
$2,420,0W
$Z070,000
$0
$0
$0
$1,350,
$91900,
$1110251
Grants and Aids
$0
$0
$0
$0
$0
$0
$0
$0
$0
Interfund Transfer
$372,984
$380,444
$388,053
$395,814
$403,730
$411,805
$420,041
$428,442
$437,011
$445,751
Debt Service
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Subtotal Other Expenditures
$372,984
$380,444
$388,053
$395,814
$403,730
$411,805
$420,041
$428,442
$437,011
$445,751
TOTAL FUND EXPENDITURES
$36,004,168
$26,311,388
$26,695,928
$25,383,508
$26,164,872
$26,970,789
$29,152,053
$38,559,486
$40,568,936
$30,456,281
REVENUES LESS EXPENDITURES
j13,543,260)
$
$594,526
$1,110,159
$1,669,313
$924,957
$4,403,478
Ending Fund Balance
$29,646,211
$26,909,063
$24,958,692
$25,553,217
$26,663,376
$28,332,689
$29,257,646
$22,287,897
$14,901,459
$19,304,937
Fund Balance as percent of Revenue
1325.
114%
101%
98%
98%
99%
979%
71%
45%
55%
14620 N. NEBRASKA AVE BLDG D I TAMPA, FL 133613 1813.971.8333 1 KESCONSULT.COM
IndianRiverCounty/2022-Rate Study/Final_RateStudy_TM
2022 Rate Study Technical Memorandum 103/24/23 1 Page 21 of 21
kessler consulting inc.
innovative waste solutions
ATTACHMENT F - SUMMARY OF SCENARIO 4 PROJECTION - SPLIT IMPLEMENTATION OF WGU CHANGES OVER THREE YEARS
14620 N. NEBRASKA AVE B'._' ; D I TAMPA, FL 133613 1813.971.8333 1 KESCONSULT.COM
IndianRiverCounty/2022-Rate Study/Final_RateStudyJM
FY24
Projected
FY25
Projected
FY26
Projected
FY27
Projected
FY28
Projected
FY29
Projected
FY30
Projected
FY31
Projected
FY32
Projected
FY33
Projected
Starting Fund Balance
$43,189,471
$30,262,726
$28,177,179
$26,915,577
$27,510,102
$28,620,261
$30,289,574
$31,214,531
$24,244,782
$16,858,344
Revenue
Service Assessment
$17,326,515
$18,256,268
$19,237,384
$19,544,663
$20,595,802
$21,705,202
$22,876,224
$24,112,432
$25,417,608
$26,795,765
Landfill Assessment
$296,258
$311,071
$326,625
$342,956
$360,104
$378,109
$397,014
$416,865
$437,708
$459,594
FEMA Grants
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Landfill Tip Fees
$4,640,637
$4,827,655
$5,022,209
$5,224,604
$5,435,156
$5,654,193
$5,882,057
$6,119,103
$6,365,703
$6,622,241
Recycle Sales
$728,267
$742,832
$757,689
$772,842
$788,299
$804,065
$820,147
$836,550
$853,280
$870,346
Other Base Revenue
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
$47,938
Interest
$37,808
$40,076
$42,481
$45,030
$47,732
$50,596
$53,631
$56,849
$60,260
$63,876
TOTAL FUND REVENUES
$23,077,423
$24,225,841
$25,434,325
$25,978,034
$27,275,031
$28,640,103
$30,077,010
$31,589,737
$33,182
$34,859,759
Expenditures
Personal Services
$1,028,709
$1,080,145
$1,134,152
$1,190,860
$1,250,403
$1,312,923
$1,378,569
$1,447,497
$1,519,872
$1,595,866
Operating Expenses
$21,777,475
$22,430,799
$23,103,723
$23,796,834
$24,510,739
$25,246,062
$26,003,444
$26,783,547
$27,587,053
$28,414,665
Subtotal Operating Expenditures
$22,806,184
$23,510,944
$24,237,875
$24,987,694
$25,761,142
$26,558,984
$27,382,012
$28,231,044
$29,106,925
$30,010,531
Capital Improvements
$12,825,000
$2,420,000
$2,070,000
$0
$0
$0
$1,350,000
$9,900,000
$11,025,000
$0
Subtotal Capital Improvments
$12,825,000
$2,420,000
$2,070,
$0
$0
$1,350,000
$9,900,000
$11,025,000
$0
Grants and Aids
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Interfund Transfer
$372,984
$380,444
$388,053
$395,814
$403,730
$411,805
$420,041
$428,442
$437,011
$445,751
Debt Service
$0
$0
$0
$0
$0
$0
$D
Subtotal Other Expenditures
$372,984
$380,444
$388,053
$395,814
$403,730
$411,805
$420,041
$428,402
$437,011
$445,751
TOTAL FUND EXPENDITURES
$36,004,168
$26,311
$26,695,928
$25,383,508
$26,164,872
$26,970,789
$29,152,053
$38,559,486
$40,568,936
$30,456,281
REVENUES LESS EXPENDITURES
�,, 7 7
($2,085,547]
$594,526
$1,110,159
$1,669,313
$924,957
$4,403,478
Ending Fund Balance
$30,262,726 1
$28,177,179
$26,915,577
$27,510,102
$28,620,261
$30,289,574
$31,214,531
$24,244,782
$16,858,344
$21,261,822
Fund Balance as percent of Revenue
131% 1
116%
106%
106%
105%
106%
104%
77%
51%
61%
14620 N. NEBRASKA AVE B'._' ; D I TAMPA, FL 133613 1813.971.8333 1 KESCONSULT.COM
IndianRiverCounty/2022-Rate Study/Final_RateStudyJM