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

purposes of calculating the current levels of service, performance standards, and in
calculating future demand for capital facilities for each impact fee program area, the
weighted average seasonal population is used. Table I-3 provides actual fee comparisons
(single family residential land use) for each of the program areas being considered for
impact fees in IRC.
FUNDING SOURCE REVIEW
Review of Current Capital Funding Sources by Program Area
• The primary non-impact fee source of capital revenues for the eight impact fee
program areas under study has been and will continue to be the County’s Local
Option Sales Tax. This tax was recently extended through 2015.
• Table I-4 provides a summary of the actual capital expenditures for capacity
expansion projects during the last six years and the planned capital expenditures
for the next five years.
o Past sales tax capital facility expansion expenditures included:
1. expansion of five parks, an aquatic center, and a shooting range;
2. a new north county library and expansion of the main library facility;
3. three new fire stations and additional support vehicles; and
4. land purchases for government buildings, sheriff evidence center, jail
facility expansion, health department dental clinic, and touch screen
voting machines.
o Planned sales tax expenditures include:
1. a new County administration building;
2. two new fire/EMS stations;
3. a new branch library in west county; and
4. a west regional park, indoor south county complex, and north park ball
fields.
• Over 75 percent of the School Board budget is funded with the 2-mill tax
assessment ($137.9 million of $183.4 million).
o Approximately 27 percent of this budget is designated for expansion of the
school system.
• As discussed previously, the allocation of sales tax or other revenues to capital
facility expansion has a significant impact on the magnitude of the impact fee.
o As the use of sales tax or other revenue increases for capital facility
expansion within an impact fee program area, the impact fee for that
program area decreases.
o Conversely, as the use of sales tax or other revenue decreases for capital
facility expansion within an impact fee program area, the impact fee for
that program area increases.
Tindale-Oliver & Associates, Inc.
Indian River County
May 2005 I-11 Impact Fee Study