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

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fees is given only for revenue used towards the capital expansion of school facilities, and not for maintenance or operation costs. The following state and local sources of revenues will be considered in developing impact fee credits. • Public Education Capital Outlay; • State Capital Outlay and Debt Service; • State “Classroom for Kids”; and • Local revenues generated for taxes paid on vacant land. State Revenue Credit for Expansion of Student Stations The Florida State Constitution authorizes two sources of revenue for school districts: Public Education Capital Outlay (PECO) and Capital Outlay and Debt Service (CO&DS). Revenues from PECO are generated through a 2.5 percent tax imposed on the gross receipts of sellers of electricity, natural or manufactured gas, and telecommunication services in the State. Revenues generated from this tax are used to fund capital renovation and expansion projects for public education facilities. CO&DS revenues are generated from the licensing of motor vehicles and motor homes and are also used for capital renovation and expansion projects for public education facilities. CO&DS revenues are distributed annually among school districts and community college districts based on a constitutional formula. 3 In addition to the PECO and CO&DS revenues, the School District also uses “Classroom for Kids” revenues for expansion projects. According to the IRC School District, PECO, CO&DS, and “Classroom for Kids” revenues are used only for capital expansion expenditures, and not for renovation expenditures. Therefore, these revenues are included in the State credit calculation in Table IX-4. Based on budgeted revenues for these three sources that will be available over the next five years, the total projected state revenues available for the expansion of student stations is nearly $10.2 million. Thus, the annual PECO, CO&DS, and “Classroom for Kids” funds are divided by the 1,804 planned student stations that, according to the IRC School District, are expected to be constructed over the next five years. Table IX-4 indicates a state revenue credit per student of $5,652. 3 State of Florida, Local Government Information Handbook, September 2000. Tindale-Oliver & Associates, Inc. Indian River County May 2005 IX-10 Impact Fee Study
Table IX-4 State Revenue Credit Calculation Step Figure Total State Revenues (1) $10,196,596 Planned Student Stations (2) 1,804 State Revenue Per Student (3) $5,652.22 (1) Source: IRC School District’s Capital Outlay Five-Year Plan Revenue Forecast, adopted September 7, 2004. (2) Source: IRC School District staff, based on the Capital Outlay Five-Year Plan Revenue Forecast, adopted September 7, 2004. (3) State revenue per student is calculated by dividing the total expected state revenue (Item 1) by the total number of planned student stations (Item 2). 2-Mill Revenue Credit for Expansion of Student Stations The School District has the authority to levy up to 2-mills of ad valorem tax to generate revenue for education. Revenues generated by the 2-mill tax are used for both capital renovation and capital expansion. According to the School District’s Capital Outlay Five-Year Plan Revenue Forecast, it is projected that there will be nearly $138 million in revenues generated by the 2-mill tax over the next five years, 27.3 percent of which will be used to fund capital expansion projects. Using this information, the 2-mill credit is determined by taking the percentage of average annual five-year 2-mill revenues for capital expansion, which is $7.5 million, and dividing that amount by the five-year average annual number of student stations for the next five years of 16,266. This results in an annual 2-mill revenue of $463 per student. The present value of this annual revenue per student is based on a capitalization rate of 5 percent over a capitalization period of 25 years. This results in a present value credit of $6,527 per student, as illustrated in Table IX-5. (This space intentionally left blank) Tindale-Oliver & Associates, Inc. Indian River County May 2005 IX-11 Impact Fee Study
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Credit Component...................
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Tables Proposed Parks and Recreatio
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Table VI-5 Comparison of IRC Curren
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Maps Map III-1 Correctional Facilit
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Appendix A Appendix B Appendix C Ap
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o A non-charter county may adopt co
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• Most communities make the effec
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• Reasonable administrative costs
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• The BCC may establish a policy
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Table I-2 Current and Recommended S
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Table I-4 Historical and Projected
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Table II-1 IRC Population Estimates
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Table II-4 Unincorporated County Ar
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Table II-8 Unincorporated County Ar
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Residential Functional Population I
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Table II-10 11-Hour/5-Day General F
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Table II-12 Countywide Excluding In
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Table II-14 Countywide Functional P
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Table II-16 Functional Residents fo
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Table II-19 Assumptions for Nonresi
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Table III-1 Land & Buildings Invent
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Tindale-Oliver & Associates, Inc. I
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Table III-3 Level of Service Compar
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Table III-6 Equipment Cost Equipmen
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Table III-9 Historical Capital Expe
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Existing Deficiencies As discussed
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Table III-13 (continued) Impact Fee
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Table III-15 Annual Impact Fee Reve
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• The SWDD also operates five cus
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Demand Component Based on the LOS s
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Table IV-4 Proposed Capital Expendi
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As mentioned previously, future cap
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Table IV-7 Historical Revenue Sourc
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The following table provides a summ
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Existing Deficiencies As presented
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Table IV-13 Proposed Solid Waste Im
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Estimated Revenues As presented in
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Table V-1 Summary of Public Buildin
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Services provided by County-owned a
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Table V-6 Public Building Replaceme
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Table V-8 summarizes the capital ex
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The vacant land value as a percenta
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Table V-12 Proposed Public Building
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Table V-13 2025 Demand and Cost For
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guideline in planning future infras
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In addition to the available materi
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Table VI-5 compares the County’s
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Table VI-8 Building Unit Costs (1)
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Library Materials and Equipment The
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Table VI-13 Library Materials and E
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It should be noted that it is the C
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Table VI-17 Total Credit per Reside
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Table VI-19 Persons per Housing Uni
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(1) Source: Section II, Table II-1
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Page 130 and 131: Table VII-1 Land & Buildings Invent
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Page 134 and 135: Table VII-3 Capital Equipment Repla
Page 136 and 137: Table VII-5 Current Level of Servic
Page 138 and 139: Table VII-7 Station Equipment Costs
Page 140 and 141: Table VII-10 Six-Year Historical Ca
Page 142 and 143: Table VII-12 Percent of Past Proper
Page 144 and 145: Table VII-14 Proposed Fire/EMS Impa
Page 146 and 147: Table VII-15 2025 Demand and Cost F
Page 148 and 149: guideline in planning future infras
Page 150 and 151: Table VIII-1 Land and Building Inve
Page 154 and 155: unincorporated county area. The cur
Page 156 and 157: Table VIII-6 Equipment Cost Equipme
Page 158 and 159: Table VIII-8 Historical Capital Exp
Page 160 and 161: Table VIII-10 Vacant Land Value Per
Page 162 and 163: Table VIII-12 Net Impact Cost Impac
Page 164 and 165: Table VIII-13 (continued) Proposed
Page 166 and 167: Table VIII-15 Annual Impact Fee Rev
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Page 174 and 175: Cost Component Cost per Student Sta
Page 176 and 177: Total Impact Cost per Student Stati
Page 180 and 181: Table IX-5 2-Mill Revenue Credit Ca
Page 182 and 183: Table IX-7 Net Impact Cost per Stud
Page 184 and 185: Table IX-10 2025 Demand and Cost Fo
Page 186 and 187: As presented in Table IX-10, the pr
Page 191: Table X-1 (Continued) Parks & Recre
Page 196 and 197: Table X-2 Parks & Recreation Facili
Page 198 and 199: was calculated using historical exp
Page 200 and 201: Table X-7 Regional Parks Equipment/
Page 202 and 203: Table X-9 Programmed Capital Costs
Page 204 and 205: Table X-11 Historical Capital Expen
Page 206 and 207: Table X-13 Vacant Land Value Percen
Page 208 and 209: Table X-15 Net Impact Cost per Resi
Page 210 and 211: Table X-18 2025 Demand and Cost For
Page 212 and 213: For impact fee purposes, revenue pr
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Page 216 and 217: Table A-3 24-Hour Baseline - Uninco
Page 218 and 219: Table A-7 24-Hour Functional Popula
Page 220 and 221: The resulting percentages from Tabl
Page 222 and 223: Table A-14 IRC Weighted Average Sea
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Table C-1 Proposed Solid Waste Impa
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Table D-2 IRC School District Inven
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Table F-2 Inventory of Available Im
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Table F-2 Inventory of Available Im
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Table F-3-2 Comparison of Standards
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County SF per Capita Table F-3-4 Co
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Table G-2 Solid Waste - Residential
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Table G-4 Library Facilities - Resi
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Table G-6 Law Enforcement - Residen
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Table G-8 Park and Recreation Facil
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Presentation Overview 1 2 3 4 5 6 B
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Background • BCC initiated study
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Decision Points Decision Points Enc
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Basic Impact Fee Formula Impact Fee
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Distribution of Impact Fees Transpo
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2 Legal Requirements
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Impact Fee vs. Tax • An impact fe
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Authority in IRC • Non-charter co
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Defendable Methodology • Study th
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Revenue Credits • Ensure proporti
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Administration • Must be easy to
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Effective Date • May be effective
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Applicability • Creates a measura
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Decision Point Will each city enter
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Imposition & Collection • As earl
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Use of Impact Fee Revenue • Must
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Decision Point The consultant recom
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Decision Points The consultant reco
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4 LOS Standards
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Impact Fee Comparisons • Single F
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5 Funding Sources (see Table 4)
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Decision Point Does the BCC want to
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Next Steps • Finalize Data Collec
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Indian River County Impact Fee Study Final Report - irccdd.com

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