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Indian River County, Florida Management's Discussion and Analysis For the Year Ended September 30, 2017 The total FY 2017/2018 adopted budged is $328,340,393, a decrease of $18,072,278 or 5.22% from the FY 2016/2017 mid -year amended budget, however, this is still 30.5% below the approved FY 2006/2007 amount of $472,420,328. For FY 2017/2018 the tax roll is increasing 7.6%. Overall, the countywide millage rate is increasing by 1.28%; this is reflective of the General Fund millage rate increasing by 0.0657 mills or 1.96%, offset by a 5.98% reduction in the Land Acquisition Bond millage. The M.S.T.U. Fund millage rate of 1.0733 remains the same as the current year. The Emergency Services District millage is increasing 2.80%, due primarily to the addition of a fire rescue station and replacement capital equipment. There are proposed changes in solid waste fees. Proposed residential assessment rates are increasing by $6.49 to $109.10 per Equivalent Residential Unit. Commercial rates are increasing by $2.12 to $37.67 per Waste Generation Unit (W.G.U.). The proposed readiness -to -use fee is $21.59 per W.G.U. an increase of $1.10 from last fiscal year. The rate increase is driven by a $770,000 increase in the cost to construct, update, and maintain closed landfill cells. There are no increases in water and sewer rates. The largest individual expense in the budget is personnel services. In total, 65.92 additional full-time (FT) positions are proposed for FY 2017/2018. BCC departments are increasing 32 full-time positions, while constitutional officers show a net increase of 33.92 positions. This results in an additional cost of $2,220,217 (BCC only). Seventeen of these positions are needed to staff the new fire station. Five positions are required to address development review and three positions are proposed to address single source dependencies in key operational units. REQUESTS FOR INFORMATION This financial report is designed to provide a general overview of the County's finances for all those with an interest in the government's finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to: Clerk of the Circuit Court and Comptroller Attention: Comptroller Division 1801 27th Street Vero Beach, FL 32960 IN