Indian River County Impact Fee Study Final Report - irccdd.com

Table VI-13
Library Materials and Equipment Cost
per Resident
Element
Cost
Library Materials Cost per Item (1) $44.14
Materials per Resident (2) 3.20
Library Materials Cost per Resident (3) $141.25
Computers - Unit Cost (4) $900
Computers per Resident (5) 0.0007
Computer Costs per Resident (6) $0.63
Other Library Equipment Cost per Item (7) $3,118
Other Library Equipment per Resident (8) 0.0002
Other Library Equipment Costs per Resident (9) $0.62
Total Materials and Equipment Cost per Resident (10)
(1) Source: Table VI-11
$142.50
(2) Source: Table VI-4
(3) Library materials cost per item (Item 1) multiplied by materials per resident
(Item 2).
(4) Source: Table VI-12
(5) Source: Table VI-4
(6) Unit cost of computers (Item 4) multiplied by the number of computers per
resident (Item 5).
(7) Source: Table VI-12
(8) Source: Table VI-4
(9) Other library equipment cost (Item 7) multiplied by other library equipment
per resident (Item 8).
(10) Sum of library materials, computer, and other library equipment costs per
resident (Items 3, 6, and 9)
Credit Component
In order to ensure that new residential development is not being overcharged for the
capital cost of new libraries, a credit is given for the additional revenues, other than
impact fees, that new development generates and that are used for capital library facility
expansion. This ensures that each new residential development pays the appropriately
calculated impact fee based on the type of land use, less any additional revenues included
as part of the impact fee credit. A credit for the library impact fee is not given for
revenues generated by new development that are used for capital replacement of existing
libraries or for maintenance or operation costs.
According to the IRC Annual Budget, revenue sources available for library capital
expenditures include:
Tindale-Oliver & Associates, Inc.
Indian River County
May 2005 VI-14 Impact Fee Study