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Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2014 <br />• In the Impact Fees Fund, fund balance decreased $1.9 million. This was largely due to the $4.3 <br />million in transportation spending for major road construction and right-of-way purchases. <br />• Fund balance in the Optional Sales Tax Fund increased by $1.6 million due to capital <br />transportation grant reimbursements. <br />• Near completion of the CDBG Neighborhood Stabilization Program (nonmajor fund) resulted in <br />a $1.0 million decrease in expenditures. <br />Proprietary funds <br />Unrestricted net position at the end of the year amounted to $12.9 million in the Solid Waste Disposal <br />District (SWDD) Fund, ($1.8) million in the Golf Course Fund, $5.2 million in the County Building <br />Fund, and $72.2 million in the County Utilities Fund. Other factors concerning the finances of these <br />funds have already been addressed in the discussion of the County's business -type activities. <br />GENERAL FUND BUDGETARY HIGHLIGHTS <br />During the year there was a $6.8 million increase in operating appropriations between the original and <br />final amended budget. The main components of the increase are as follows: <br />• $3.2 million grants appropriations and prior year rollovers for the Senior Resource Association <br />(SRA) to provide County -wide public transportation. <br />• $0.8 million public safety vehicles and $0.3 million various operating accounts <br />• $0.4 million in various legal and consulting fees <br />• $0.2 million in local jobs grants and economic development studies <br />• $0.6 million renovations and computers at the three libraries, various parks, the shooting range <br />and the fairgrounds <br />• $0.3 million cost of living increases <br />Actual revenues were $4.5 million higher than the final budget for the following reasons: <br />• $1.0 million refund of prior period expenses <br />• $1.0 million increase in water sewer, electric, gas, and solid waste franchise fees <br />• $1.7 million additional funds received for SRA public transportation <br />• $0.5 million additional sales taxes and state revenue sharing <br />Actual expenditures were $2.7 million lower than anticipated for the following reasons: <br />• $0.5 million lower than expected Department of Juvenile Justice and Medicaid expenses <br />14 <br />