2010-252A (07) - Laserfiche WebLink

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Comprehensive Plan Capital Improvements Element 2007/08 and 2008/09, human services expenditures decreased by 31.68%. Since FY 2003/04, human services expenditures have increased by 19.79%. Human services represented 3.60% of all county expenses in FY 2008/09. Culture/Recreation All costs associated with providing and maintaining cultural and recreational facilities and activities for the benefit of citizens and visitors fit into this category. County libraries, parks, recreation operations, and the golf course are included here. As shown in table 6.5, the county spent $19,624,278 on these services in FY 2008/09. Between fiscal years 2007/08 and 2008/09, cultural/recreation expenditures decreased by 18.49%. Since FY 2003/04, cultural/recreation expenditures have increased by 10.07%. Culture/recreation expenses represented 8.20% of all county expenses in FY 2008/09. Court Related All costs of operating the judicial branch of Indian River County Government are classified here. This category includes the County Court, Circuit Court, State Attorney's Office and Public Defender. As shown in table 6.5, expenditures from this category totaled $6,620,830 in FY 2008/09. Between fiscal years 2007/08 and 2008/09, Court Related expenditures decreased by 4.61 %. Beginning in FY 1997/1998, the State of Florida mandated that the county begin recording Court Related costs as a separate expenditure item. Court Related costs represented 2.77% of all county expenses in FY 2008/09. Debt Service Debt service consists of interest and payments made by the county on its debt. This figure includes principal retirement, interest and other miscellaneous debt service. As table 6.5 indicates, total county debt service expenditures were $8,068,758 in FY 2008/09. Between fiscal years 2007/08 and 2008/09, debt service expenditures increased by 2.48%. Since FY 2003/04, debt service expenditures have increased by 116.46%. Debt service expenses represented 3.37% of all county expenses in FY 2008/09. Existing Outstanding Debt At the end of FY 2009/10, Indian River County's outstanding debt, comprised of revenue bonds and general obligation bonds, stood at $108,815,000. This is shown in table 6.6. In 1993, the county took advantage of lower interest rates and refunded any debt that had reasonable future economic savings. Enterprise Funds support 48.73% of the overall debt (Utility Dept 45.81 %; and Golf Course 2.92%), leaving $55,790,000 in bonds paid from general governmental funds. In November 2001, Indian River County issued the remaining $11,000,000 of the $26,000,000 Environmentally Sensitive Land Community Development Department Indian River County Adopted November 2, 2010, Ordinance 2010-024 22