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Financial Highlights-2012 vs 2011 <br /> • General Fund <br /> • Decrease in fund balance due to$3M transfer to pay off 2001 <br /> General Obligation Bonds (w/o transfer result would be $577K <br /> overall gain) <br /> • Overall tax revenue down by 6.88% from FY2011 <br /> • Special Revenue Funds <br /> • Overall tax revenue down by 6.08% from FY2011 <br /> • Interest income down <br /> • Expenditures increased due to Indian River Transit building, E-911 <br /> system improvements, and impact fee refunds <br /> Ar MR-4117W <br /> Financial Highlights Continued <br /> • Capital Projects Funds <br /> • Increase in fund balance for future stormwater, road, and <br /> recreational projects. <br /> • Enterprise Funds <br /> • Interest income decrease <br /> • Operating expense increase due to landfill engineering costs, <br /> utility line maintenance projects <br /> • Demolition of two utility package plants resulted in non- <br /> operating expense increase <br />