Financial feasibility means that sufficient revenues are currently available or will be available from committed funding sources for the first 3 years, or will be available from committed or planned funding sources for years 4 and 5, of a 5-year capital improvement schedule for financing capital improvements, such as ad valorem taxes, bonds, state and federal funds, tax revenues, impact fees, and developer contributions, which are adequate to fund the projected costs of the capital improvements identified in the comprehensive plan necessary to ensure that adopted level-of-service standards are achieved and maintained within the period covered by the 5-year schedule of capital improvements. The requirement that level-of-service standards be achieved and maintained shall not apply if the proportionate-share process set forth in s. 163.3180(12) and (16) is used.5
Financial feasibility means the ability of a project, once completed, to be maintained and operated for its useful life with funds either generated by the project itself or from an identifiable source of funds available for such purpose.
Financial feasibility means that sufficient
Examples of Financial feasibility in a sentence
Financial feasibility must be determined prior to the issuance of bonds.
Financial feasibility, including the ability of projects to fund depreciation costs or replacement reserves, and the availability of other federal, state, local, and private sources of funds (0-40 points).
Financial feasibility of the proposed activities by means of a realistic and reasonable budget.
Financial feasibility of the project and length of affordability are scoring factors.
Financial feasibility must be determined prior to the issuance or conversion of bonds.
More Definitions of Financial feasibility
Financial feasibility means that sufficient 688 revenues are currently available or will be available from 689 committed funding sources for the first 3 years, or will be
Financial feasibility. An assurance that sufficient revenues are currently available or will be available from committed funding sources for the first three (3) years, or will be available from committed or planned funding sources for years four (4) and five (5), of a five-year capital improvement schedule, and as further defined in Section 163.3164(32) Florida Statutes, as amended.
Financial feasibility means that sufficient revenues are currently available or will be available from committed funding sources for the first 3 years, or will be available from committed or planned funding sources for years 4 and 5, of a 5-year capital improvement schedule for financing capital improvements, such as ad valorem taxes, bonds, state and federal funds, tax revenues, impact fees, and developer contributions, which are adequate to fund the projected costs of the capital improvements identified in the comprehensive plan necessary to ensure that adopted level-of-service standards are achieved and maintained within the period covered by the 5-year schedule of capital improvements. A comprehensive plan shall be deemed financially feasible for transportation and school facilities through- out the planning period addressed by the capital improvements schedule if it can be demonstrated that the level-of-service standards will be achieved and maintained by the end of the planning period even if in a particular year such improvements are not concurrent as required by s. 163.3180.
Financial feasibility means the viability of a project after taking into consideration its total costs and projected revenues. ¶
Financial feasibility typically means that “revenues equal or exceed costs.” However, in the case of public transit, where public policies support operational subsidies, feasibility must be recast to evaluate the farebox recovery ratios that may be attainable given ridership forecasts.2 In the case of ferry services that may be operated by a public operator like WETA, the service routes are evaluated against WETA’s minimum feasibility standard of 40 percent farebox revenue recovery ratio within the first ten years of operation.3 The farebox revenue recovery ratio target is between 50 and 70 percent for mature services. While each service will require significant future capital investment, this financial feasibility assessment focuses on the operating costs of each of the proposed ferry lines.
Financial feasibility means sufficient revenues are currently available or will be available from committed or planned funding sources available for financing capital improvements, such as ad valorem taxes, bonds, state and federal funds, tax revenues, impact fees, and developer contributions, which are adequate to fund the projected costs of the capital improvements and as otherwise identified within this act necessary to ensure that adopted level-of-service standards are achieved and maintained within the 5-year schedule of capital improvements.
Financial feasibility means the ability to maintain pre-incorporation service levels with sufficient resources to provide a municipal level law enforcement.