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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 />The County -wide millage rate is decreasing slightly. This is due to a 5.19% decrease in the General <br />Land Acquisition Bond millage. The General and Municipal Service Taxing Unit Funds millage rates <br />remain the same as the FY 2015/2016. The Emergency Services District millage is increasing 2.0% due <br />primarily to the addition of fire rescue station #15, along with capital replacements. There are no rate <br />increases in the Solid Waste Disposal District assessment, or in water and sewer utility rates. <br />The single greatest individual expense in the budget is Personnel Services. In total, 32.72 additional <br />full-time positions are proposed for FY 2016/2017. BCC departments are increasing 31 full-time <br />positions, while Constitutional Officers show a net increase of 1.72 positions. This results in an <br />additional cost of $2,107,955 (BCC only). Ten of these positions are needed to staff the new fire station. <br />Several other positions support new recreation facilities such as the IG Facility and the Shooting Range. <br />REQUESTS FOR INFORMATION <br />This financial report is designed to provide a general overview of the County's finances for all those <br />with an interest in the government's finances. Questions concerning any of the information provided in <br />this report or requests for additional financial information should be addressed to: <br />Clerk of the Circuit Court and Comptroller <br />Attention: Finance Department <br />1801 27th Street <br />Vero Beach, FL 32960 <br />18 <br />
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