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Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2016 <br />GENERAL FUND BUDGETARY HIGHLIGHTS <br />During the year there was an S8.3 million increase in operating appropriations between the original and <br />final amended budget. The main components of the increase are as follows: <br />• $5.2 million grants appropriations and prior year rollovers for the Senior Resource Association <br />(SRA) to provide County -wide public transportation <br />• $0.3 million for All Aboard Florida, FMPA and other legal and professional services <br />• $0.4 million in building and equipment maintenance including replacement air conditioning and <br />chiller units for County buildings <br />• $0.3 million cost of living increases <br />Actual expenditures were $3.8 million lower than anticipated for the following reasons: <br />• $1.3 million in SRA grant costs not yet expended <br />• $0.4 million lower than expected Sheriff expenses <br />• $0.3 million in unspent salary and benefits expenditures <br />• $0.5 million in unspent legal, professional and other contractual services <br />The General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances — Budget and <br />Actual is shown on page 31. <br />CAPITAL ASSETS AND DEBT ADMINISTRATION <br />Capital Assets <br />The County's investment in capital assets for its governmental and business -type activities as of <br />September 30, 2016, amounts to $789.7 million (net of accumulated depreciation). This investment in <br />capital assets includes land, right-of-way, buildings and improvements, intangibles, equipment, <br />infrastructure and construction in progress. The overall decrease in the County's investment in capital <br />assets for the current fiscal year was less than 1%. <br />15 <br />