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Indian River County, Florida
<br />Changes in Fund Balances, Governmental Funds (Unaudited)
<br />Last Ten Fiscal Years
<br />(modified accrual basis of accounting)
<br />Expenditures
<br />Current:
<br />General government
<br />2008
<br />2009
<br />2010
<br />2011
<br />Revenues
<br />72,907,822
<br />74,813,164
<br />71,489,613
<br />70,432,615
<br />Taxes
<br />$ 130,158,069
<br />$ 113,689,399
<br />$ 103,626,726
<br />$ 94,718,550
<br />Permits, fees, and special assessments
<br />8,397,437
<br />12,433,598
<br />11,322,039
<br />11,189,393
<br />Intergovernmental
<br />54,252,074
<br />34,305,682
<br />37,687,574
<br />30,453,182
<br />Charges for services
<br />18,997,529
<br />16,852,653
<br />14,665,805
<br />15,030,329
<br />Judgments, fines and forfeits
<br />2,403,093
<br />1,792,517
<br />852,012
<br />936,995
<br />Interest
<br />15,777,318
<br />5,721,869
<br />2,061,385
<br />1,173,103
<br />Miscellaneous
<br />3,495,610
<br />2,489,532
<br />2,383,493
<br />4,175,614
<br />Total Revenues
<br />233,481,130
<br />187,285,250
<br />172,599,034
<br />157,677,166
<br />Expenditures
<br />Current:
<br />General government
<br />24,815,255
<br />22,566,113
<br />20,894,116
<br />19,271,196
<br />Public safety
<br />72,907,822
<br />74,813,164
<br />71,489,613
<br />70,432,615
<br />Physical environment
<br />34,324,331
<br />910,213
<br />1,131,173
<br />1,371,734
<br />Transportation
<br />49,503,680
<br />38,111,512
<br />27,497,907
<br />28,432,207
<br />Economic environment
<br />968,227
<br />653,547
<br />2,520,339
<br />2,099,698
<br />Human service
<br />13,862,463
<br />8,621,760
<br />7,267,406
<br />7,625,369
<br />Culture/recreation
<br />23,751,173
<br />15,450,688
<br />18,453,642
<br />14,706,194
<br />Court related
<br />6,649,724
<br />6,620,830
<br />6,214,831
<br />5,983,085
<br />Debt service:
<br />Principal
<br />4,870,876
<br />5,120,000
<br />5,315,000
<br />4,270,000
<br />Interest and fiscal charges
<br />3,255,767
<br />2,948,758
<br />2,758,138
<br />2,562,374
<br />Capital outlay
<br />42,489,997
<br />10,435,212
<br />7,487,068
<br />5,825,287
<br />Total Expenditures
<br />277,399,315
<br />186,251,797
<br />171,029,233
<br />162,579,759
<br />Excess of revenues over
<br />(under) expenditures
<br />(43,918,185)
<br />1,033,453
<br />1,569,801
<br />(4,902,593)
<br />Other Financing Sources (Uses)
<br />Issuance of refunding notes
<br />Payments from capital leases
<br />264,467
<br />-
<br />-
<br />-
<br />Transfers out
<br />(19,736,023)
<br />(14,366,145)
<br />(17,057,014)
<br />(8,918,267)
<br />Payments to refunded bond escrow agent
<br />-
<br />-
<br />-
<br />-
<br />Transfers in
<br />19,629,728
<br />14,309,733
<br />17,001,997
<br />8,862,969
<br />Total other financing sources (uses)
<br />158,172
<br />(56,412)
<br />(55,017)
<br />(55,298)
<br />Net change in fund balances
<br />$_(4 3,760,013)
<br />$ 977,041
<br />$ 1,514,784
<br />$ (4,957,891)
<br />Debt service as a percentage of
<br />noncapital expenditures
<br />4.8%
<br />5.4%
<br />5.6%
<br />5.0%
<br />(A) Early call of remaining General Obligation Bonds, Series 2001 of $3.6 million.
<br />(B) Payoff of portion of Spring Training Bonds, Series 2001 of $2.275 million.
<br />(C) Refunded all of General Obligation Bonds, Series 2006 with a fixed rate 7 -year note.
<br />(D) Completed widening of major north -south road.
<br />I:"
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