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Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2014 <br />80 <br />70 <br />60 <br />50 <br />40 <br />30 <br />20 <br />10 <br />0 <br />Expenditures By Function (In Millions) <br />Governmental Activities <br />Fiscal Years 2013 and 2014 <br />EOM <br />rn <br />❑ <br />c�e�Na,,e, �ec� a�`oo �ec� �• ``eh a``or `��ea 1 <br />c cy oc �` so 5e `ce ce ¢+Q <br />ca\�o�e QJ�\\ a�eo;\` �`a�hQo ``ec,�c o�ac �Jco e `oJ� �e�eh� <br />vete ray�o oos `�� �o <br />Q �5,o <br />D FY 2013 <br />D FY 2014 <br />• The governmental activities expenses were $4.0 million lower in 2014 than in 2013. Major <br />decreases included: $2.7 million in transportation expenses mainly due to the completion of road <br />projects such as 53rd Street and the 66th Avenue road construction project, $2.8 million in <br />culture and recreation due to the prior year write off of a portion of a beach restoration project <br />due to its asset impairment caused by Hurricane Sandy, and $1.4 million in economic <br />environment expenses related to the Neighborhood Stabilization grant programs. These <br />decreases were offset by a $2.4 million increase in general government expenses mainly due to <br />increased commissions to the Property Appraiser and Tax Collector related to the tax roll ($1.1 <br />million) and an increase in the overall allocated internal service funds loss ($0.5 million). Budget <br />reductions resulted in an overall net decrease of $0.5 million in public safety, physical <br />environment, human services, court related, and interest expenses. <br />Business -type Activities <br />Business -type activities net position decreased by $0.2 million. Key elements of this decrease are as <br />follows: <br />• Overall expenses were $2.7 million or 6% higher in 2014 than in 2013. The water and sewer <br />utilities expenses were $2.0 million or 3% higher in 2014 than in 2013 due an increase in <br />renewal and replacement costs. The solid waste expenses were $0.4 million or 4% higher in 2014 <br />than in 2013 due to increased engineering and depreciation costs. The golf course had $0.1 <br />million or 4% higher expenses in 2014 than in 2013 due to maintenance projects completed <br />during the fiscal year. The building department had $0.2 million or 13% higher expenses in 2014 <br />than in 2013 due to staffing increases. <br />12 <br />