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2018-075RA
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Last modified
12/29/2020 11:14:35 AM
Creation date
10/8/2018 2:13:00 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Report
Approved Date
04/17/2018
Control Number
2018-075RA
Agenda Item Number
9.C.
Entity Name
Indian River County 2017 CAFR
Subject
Comprehensive Annual Financial Report Fiscal Yer 2016-2017
Alternate Name
Certificate of Achievement Excellence in Financial Report
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100 <br />90 <br />80 <br />70 <br />60 <br />50 <br />40 <br />30 <br />20 <br />10 <br />0 <br />Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2017 <br />Revenues By Source (In Millions) <br />Governmental Activities <br />Fiscal Years 2016 and 2017 <br />Governmental Activities <br />• Overall program revenues increased $8.7 million. <br />■ FY 2016 <br />■ FY 2017 <br />1) Operating grants and contributions increased $7.5 million due to hurricane related grant <br />reimbursements and insurance recoveries. <br />2) Capital grants and contributions increased $0.8 million due to grant reimbursements for the <br />transit system and hub. <br />• Overall general revenues increased by $4.2 million mainly due to a combination of increased <br />property tax values and increases in the General and Emergency Services District funds millage <br />rates (increase of $5.5 million or 6.5%) which was offset by a decrease in other revenue ($2.3 <br />million) mainly due to receipt of a legal settlement and State joint road project reimbursement in <br />the prior fiscal year. <br />11 <br />
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