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2012-051A
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2012-051A
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Last modified
5/13/2022 11:03:24 AM
Creation date
10/5/2015 9:13:02 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Report
Approved Date
03/20/2012
Control Number
2012-051A
Agenda Item Number
8.B.
Entity Name
CAFR Comprehensive Annual Financial Report
Subject
2010-2011 Fiscal Year
Archived Roll/Disk#
112-R-0001
Supplemental fields
SmeadsoftID
11082
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2. A new Transit Administration/Maintenance Facility is currently being constructed for the <br />County's public transportation coordinator, the Senior Resource Association. The 5,000 square <br />foot facility will be adjacent to the Supervisor of Elections Office on 43rd Avenue on County - <br />owned property. It will be the first "Florida Green Building Certification" building in the <br />County. The facility is designed to withstand hurricane force winds which is critical due to the <br />role of public transit during emergencies. It will have secured bus parking that complies with <br />Homeland Security guidelines. The project is federally funded by a $2 million pass-through <br />grant. <br />3. The South County Regional Park multi-purpose athletic field expansion project is necessary to <br />accommodate youth football and lacrosse programs and tournaments. The project consists of <br />improving current green space to construct three multi-purpose athletic fields surrounded by a <br />walking trail at a cost of approximately $1.5 million. Funding for design and construction will <br />be from Parks and Recreation impact fees. The general fund will initially fund operational costs, <br />however, once completed, a public private partnership may be more cost effective. <br />4. The Indian River County Shooting Range will undergo a $640,000 expansion that includes the <br />construction of a Sporting Clays Shotgun Course with 15 different shooting stations and a 12' <br />wide cart path along the course for access. Other improvements are three new combination skeet <br />and trap ranges with a new parking area. Also included would be lighting which would enable <br />the Shooting Range to expand its hours of operation. Increased operations costs will be funded <br />with increased revenues. <br />5. The Utilities Department is constructing the North Regional Reuse Storage and Repump Facility <br />which is designed to transfer reuse water from the mainland to the barrier island. Completion of <br />the reuse main is scheduled for 2011-2012 with a cost of approximately $2 million. <br />6. During FY 2011, the Utilities Department implemented a new utility billing software system <br />which allows customers to view statements, account history, request or change service and pay <br />their bills online. For those customers without access to a computer, a voice recognition system <br />was also implemented for phone payments. This software also increased efficiency by reducing <br />the bill processing cycle time from three days to one. With these more efficient business <br />processes in place, the timeliness and effectiveness of customer service is also more efficient. <br />Awards and Acknowledgements <br />The Government Finance Officers Association of the United States and Canada (GFOA) awarded a <br />Certificate of Achievement for Excellence in Financial Reporting to Indian River County for its <br />comprehensive annual financial report (CAFR) for the fiscal year ended September 30, 2010. This was <br />the 28th consecutive year that the County has received this prestigious award. In order to be awarded a <br />Certificate of Achievement, a government must publish an easily readable and efficiently organized <br />comprehensive annual financial report. This report must satisfy both generally accepted accounting <br />principles and applicable legal requirements. <br />A Certificate of Achievement is valid for a period of one year only. We believe that our current <br />comprehensive annual financial report continues to meet the Certificate of Achievement Program's <br />requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. <br />vi <br />
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