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2017-047
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2017-047
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Last modified
4/12/2017 1:45:26 PM
Creation date
4/12/2017 1:27:56 PM
Metadata
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Template:
Official Documents
Official Document Type
Report
Approved Date
04/11/2017
Control Number
2017-047
Agenda Item Number
8.B.
Entity Name
Indian River County
Subject
Comprehensive Annual Financial Report
Fiscal Year 2015-2016
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Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2016 <br />90 <br />80 <br />70 <br />60 <br />50 <br />40 <br />30 <br />20 <br />10 <br />0 <br />Revenues By Source (In Millions) <br />Governmental Activities <br />Fiscal Years 2015 and 2016 <br />FY 2015 <br />■ FY 2016 <br />Charges for Operating Capital Property Sales and use Franchise <br />services grants/contribgrants/contrib taxes taxes Fees <br />Governmental Activities <br />• Overall program revenues decreased $4.0 million. <br />Other <br />1) Charges for services increased $2.0 million due to increased ambulance service billing <br />collections as well as an increase in impact fee collections. <br />2) Capital grants and contributions decreased $5.7 million due to the prior year reimbursement <br />from Department of Environmental Protection for a beach restoration project. <br />• Overall general revenues increased by $12.7 million mainly due to increased property tax values <br />and tax rates (increase of $8.1 million or 10.5%) and an increase in other revenue ($3.6 million) <br />mainly due to receipt of a legal settlement related to the County administration building roofs <br />($1.2 million) and reimbursement from the State for a prior year joint road project ($1.2 million). <br />
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