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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 />Net (Expense)/Revenue
<br />Governmental activities
<br />Business -type activities
<br />2007 2008 2009 2010
<br />$ (109,365,419)
<br />1,277,819
<br />Total primary government net expenses $ (108,087,600)
<br />$ (100,246,762) $ (120,211,156) $ (111,231,007)
<br />(2,798,612) (6,569,630) (6,821,258)
<br />$ (103,045,374) $ (126,780,786) $ (118,052,265)
<br />General Revenues and Other Changes in Net Position
<br />Governmental activities:
<br />Property taxes, levied for general purposes $ 92,592,309 $ 92,483,561 $ 87,265,989 $ 78,670,463
<br />Property taxes, levied for debt service 7,094,485 7,343,180 7,131,231 5,933,535
<br />Sales and use taxes 20,738,502 20,088,899 19,292,179 19,022,728
<br />Franchise fees 9,732,773 9,443,399 9,670,169 9,254,621
<br />State shared revenues 12,368,421 11,596,227 11,227,450 17,487,653
<br />Insurance recoveries - - - -
<br />Interest earnings 16,004,890 10,347,019 5,747,573 2,079,873
<br />Miscellaneous 1,583,343 2,170,033 2,018,901 2,061,415
<br />Transfers (106,295) 2,051,555 (7,452,905) (25,965)
<br />Total governmental activities 160,008,428 155,523,873 134,900,587 134,484,323
<br />Business -type activities:
<br />State shared revenues - - 417,500
<br />Interest earnings 9,209,517 5,553,239 3,685,805 1,173,512
<br />Miscellaneous 134,656 85,374 7,893 70,181
<br />Transfers 106,295 (2,051,555) 7,452,905 25,965
<br />Total business -type activities 9,450,468 3,587,058 11,564,103 1,269,658
<br />Total primary government
<br />Change in Net Position
<br />Governmental activities
<br />Business -type activities
<br />Total primary government change in net position
<br />$ 169,458,896 $ 159,110,931 $ 146,464,690 $ 135,753,981
<br />$ 50,643,009 $ 55,277,111 $ 14,689,431 $ 23,253,316
<br />10,728,287 788,446 4,994,473 (5,551,600)
<br />61,371,296 $ 56,065,557 $ 19,683,904 $ 17,701,716
<br />Notes:
<br />(A) Gain on sale of capital assets due to the privatization of the County landfill.
<br />(B) State Shared Revenues reclassified to operating grants and contributions.
<br />176
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