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Indian River County, Florida
<br />Changes in Net Position (Unaudited)
<br />Last Ten Fiscal Years
<br />(accrual basis of accounting)
<br />2005 2006 2007 2008
<br />Net (Expense)/Revenue
<br />Governmental activities $ (45,018,031) $ (66,680,080) $ (109,365,419) $ (100,246,762)
<br />Business -type activities 40,743,658 (A) 25,633,506 1,277,819 (2,798,612)
<br />Total primary government net expenses $ (4,274,373) $ (41,046,574) $ (108,087,600) $ (103,045,374)
<br />General Revenues and Other Changes in Net Position
<br />Governmental activities:
<br />Property taxes, levied for Fneral purposes $ 71,698,850 $ 82,448,807 (B) $ 92,592,309 $ 92,483,561
<br />Property taxes, levied for debt service 2,480,497 2,465,462 7,094,485 7,343,180
<br />Sales and use taxes 21,892,558 21,855,885 20,738,502 20,088,899
<br />Franchise fees 7,941,020 9,318,394 9,732,773 9,443,399
<br />State shared revenues 14,022,896 13,043,670 12,368,421 11,596,227
<br />Insurance recoveries 3,666,960 1,104,116
<br />Interest earnings 4,414,772 12,163,993 16,004,890 10,347,019
<br />Miscellaneous 1,235,708 2,089,540 1,583,343 2,170,033
<br />Transfers (193,365) 5,060,846(C) (106,295) 2,051,555
<br />Total governmental activities
<br />127,189,896 149,550, 713 160,008,428 155,523,873
<br />Business -type activities:
<br />State shared revenues - - -
<br />lnterest earnings 2,861,308 6,335,240 9,209,517 5,553,239
<br />Miscellaneous 52,671 42,554 134,656 85,374
<br />Transfers 193,365 (5,060,846) (C) 106,295 (2,051,555)
<br />Total business -type activities
<br />3,107,344 1,316,948 9,450,468 3,587,058
<br />Total primary government $ 130,297,240 $ 150,867,661 $ 169,458,896 $ 159,110,931
<br />Change in Net Position
<br />Governmental activities $ 82,171,865 $ 82,870,633 $ 50,643,009 $ 55,277,111
<br />Business -type activities 43,851,002 26,950,454 10,728,287 788,446
<br />Total primary government change in net position $ 126,022,867 $ 109,821,087 $ 61,371,296 $ 56,065,557
<br />Notes:
<br />(A) Growth in water and sewer services due to expansion of County population.
<br />(B) Taxable values increased by $2 billion.
<br />(C) Transfers for proportionate share of new County administration building.
<br />(D) Gain on sale of capital assets due to the privatization of the County landfill.
<br />(E) State Shared Revenues reclassified to operating grants and contributions.
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