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Indian River County, Florida <br /> Management's Discussion and Analysis <br /> For the Year Ended September 30, 2015 <br /> Business-type Activities <br /> Business-type activities net position increased by $8.6 million. Key elements of this increase are as <br /> follows: <br /> • Overall program revenues increased $6.0 million <br /> 1) Charges for services increased by $2.4 million or 5%. A gradual improvement in the local <br /> economy has attributed to the following increases over 2014 revenues: water and sewer <br /> charges increased by $0.5 million or 2%, solid waste revenues increased $1.2 million or <br /> 1.2%, and the building revenues increased by $0.5 million or 22%. <br /> 2) Capital grants and contributions were $3.6 million higher in 2015 than in 2014,. an overall <br /> increase of 72%. This was mainly due to grant reimbursements for the Osprey Marsh <br /> project and previously deobligated FEMA grant funds for the Rockridge Sewer Project. <br /> • Overall expenses were $0.5 million or 1% higher in 2015 than in 2014. The water and sewer <br /> utilities expenses were $0.6 million or 2% lower in 2015 than in 2014 due to the recording of <br /> pension expense and a decrease in renewal and replacement costs. The solid waste expenses <br /> were $0.9 million or 8% higher in 2015 than in 2014 due to increased engineering and <br /> depreciation costs. The golf course had$0.1 million or 4% lower expenses in 2015 than in 2014 <br /> due to decreased depreciation costs. The building department had $0.3 million or 17% higher <br /> expenses in 2015 than in 2014 due to staffing increases. <br /> • Business-type activities expenses were credited $0.3 million for their related share of overall <br /> pension expense as calculated by the Florida Retirement System. The reduction in expense was <br /> allocated to the following activities: water and sewer $0.2 million, solid waste $0.02 million, golf <br /> course $0.02 million, and building $0.04 million. <br /> 1.3 <br />