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

Existing Deficiencies
As discussed previously, the budgeted improvements over the next five years will bring
the LOS to 4.50 beds per 1,000 residents, which will be adopted as the standard.
Therefore, there is no existing deficiency.
Net Correctional Facilities Impact Cost
The net impact fee per functional resident is the difference between the total impact cost
per functional resident and the total credit per functional resident. Table III-12 presents
the calculation of the net correctional facilities impact cost per functional resident.
Table III-12
Net Impact Cost
Impact Cost / Credit Element
Figure
Impact Cost
Facility Cost per Functional Resident (1) $277.87
Impact Credit
Total Revenue Credit (2) ($168.70)
Net Impact Cost
Net Impact Cost per Functional Resident $109.17
(1) Source: Table III-8
(2) Source: Table III-11
The first section of Table III-12 shows the total impact cost per functional resident as
$278. The second section shows a revenue credit for the correctional facilities impact fee
of $169 per functional resident.
The net impact cost per functional resident (third section of the table) is the difference
between the total impact cost per functional resident and the total revenue credit. This
results in a net impact cost per functional resident of $109.
Tindale-Oliver & Associates, Inc.
Indian River County
May 2005 III-12 Impact Fee Study