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

Table VII-9
Impact Cost per Functional Resident
Component
Cost
Number of Stations (1) 13
Building Replacement Cost per Station (2) $1,522,060
Equipment Cost per Station (3) $1,028,947
Total Cost per Station $2,551,007
LOS (1) (Stations/1,000 Functional Residents) 0.100
Total Impact Cost per Functional Resident
(1) Source: Table VII-4
$255.10
(2) Source: Table VII-6
(3) Source: Table VII-7
Credit Component
To avoid overcharging development for the Fire/EMS impact fee, a review of the capital
financing program for Fire/EMS services was completed. The purpose of this review was
to determine any potential revenue credits generated by new development that could be
used for capital facilities, land, and equipment expansion of the Fire/EMS program.
Revenue credits are then applied against the cost per functional resident so that new
development is not charged twice for capital expansion projects.
Revenue Sources for Capital Expenditures
An analysis of the historical and future Fire/EMS capital expenditures for the eleven-year
period from FY 1998/99 to FY 2008/09 was completed and reviewed with the IRC
Fire/EMS Department.
The IRC Fire/EMS Department has three different sources for capital expenditures:
• general fund;
• emergency services district; and
• local option sales tax
Table VII-10 summarizes the capital expenditures over the last six fiscal years. This
table also specifies whether the capital expenditure was a replacement or expansion of the
existing Fire/EMS capital inventory. As presented in Table VII-10, 29 percent of the
Fire/EMS capital expenditures were for capital expansion projects and 5 percent of the
capital expansion projects were funded through general fund revenues.
Tindale-Oliver & Associates, Inc.
Indian River County
May 2005 VII-11 Impact Fee Study