Supporting Documents (Data and Analysis) - Satellite Beach
Supporting Documents (Data and Analysis) - Satellite Beach
Supporting Documents (Data and Analysis) - Satellite Beach
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City’s Ability to Finance Capital Assets Plan<br />
Funding Sources<br />
The City of <strong>Satellite</strong> <strong>Beach</strong> considered all potential sources of funding for its Capital Assets Plan. Options<br />
included impact fees, user fees, franchise fees, special assessments, utility taxes, ad valorem taxes,<br />
stormwater utility assessments, <strong>and</strong> grants. The last four sources were selected by the City. Except for<br />
grants, there are no county, state, or federal funds available. With about 2 percent (2%) of the City’s l<strong>and</strong><br />
area remaining for development, impact fees were not a viable option. Additional user fees have been<br />
implemented at the <strong>Satellite</strong> <strong>Beach</strong> Sports <strong>and</strong> Recreation Park, David R. Schechter Recreation Center <strong>and</strong><br />
Pelican <strong>Beach</strong> Pavilions.<br />
Debt<br />
The City is currently debt-free <strong>and</strong> has no outst<strong>and</strong>ing bond issues. The Capital Assets Planning<br />
Committee recommended that, except for the purchase of real property, the City not engage in leasepurchase<br />
or other financing arrangements which would incur interest.<br />
Capital Improvements Element<br />
<strong>Data</strong> <strong>and</strong> <strong>Analysis</strong> 8-4