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INDIAN RIVER COUNTY, FLORIDA
<br />NOTES TO FINANCIAL STATEMENTS - CONTINUED
<br />Year Ended September 30, 1990
<br />3. Property Tax Revenues:
<br />Property tax revenues recognized for the 1989-90 fiscal year were levied in October,
<br />1989. Virtually all unpaid taxes are collected via the sale of tax certificates
<br />prior to fiscal year end, therefore, there were no material taxes receivable at
<br />fiscal year end.
<br />Key dates in the property tax cycle (latest date where appropriate) are as follows:
<br />Revenues for Fiscal Year
<br />Ending September 30, 1990
<br />January 1, 1989
<br />June 29, 1989
<br />October 31, 1989
<br />Date of lien
<br />Assessment roll certified
<br />Property taxes levied
<br />Beginning of fiscal year for
<br />which taxes have been levied
<br />Tax bills rendered
<br />Property taxes payable:
<br />Maximum discount
<br />Delinquent
<br />Tax certificates sold on
<br />unpaid property taxes
<br />4. Property, Plant and Equipment:
<br />A. General Fixed Assets - A summary of changes in the General Fixed Assets Account
<br />Group follows:
<br />October 1, 1989
<br />October 31, 1989
<br />November 30, 1989
<br />April 1, 1990
<br />June 6, 1990
<br />Balance at
<br />October 1,
<br />1989
<br />Additions
<br />Deletions
<br />Balance at
<br />Septem-
<br />ber 30,
<br />1990
<br />Land
<br />$15,879,630
<br />538,104
<br />2,169,584
<br />Buildings
<br />and
<br />Improvements
<br />Construction
<br />Equipment In Progress
<br />$17,193,206 $15,411,028
<br />542,370 1,525,449
<br />463,417
<br />Total
<br />Property,
<br />Plant and
<br />Equipment
<br />$ 1,264,653 $49,748,517
<br />14,377,494 16,983,417
<br />1,197,088 3,830,089
<br />S14.2464150 517,735.576 S16473,060 X514.445.059 S62,901,845
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