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Indian River County, Florida Management’s Discussion and Analysis For the Year Ended September 30, 2019 18 A major issue affecting both governments and corporations alike is the threat from cybersecurity breaches and ransomware attacks. There have been numerous attacks on local governments, as well as other entities, across the entire nation in recent years. These types of cybersecurity attacks are becoming increasingly prevalent among government agencies and therefore the need to protect against them has become a top priority. The proposed budget recommends the addition of an IT Director to oversee the Information Technology Department to help boost our cybersecurity readiness. This position will also oversee the GIS Division and Telecommunications, which currently are housed in separate departments. The approved budget for FY 2019/2020 is $367,725,135, a decrease of $31,295,303 or 7.8% from the prior year. For FY 2019/2020 the tax roll is increasing 7.0% countywide. The largest individual expense in the budget is Personnel Services. In total, 40 additional full-time (FT) positions are proposed for FY 2019/2020; Board of County Commissioners (BCC) departments reflect a net increase of 37 full-time positions, while Constitutional Officers reflect a net increase of 3 full-time positions. This results in an additional cost of $2,594,142 in BCC departments. There are changes in the proposed millage rates for fiscal year 2019/2020. Overall, the countywide millage rate is increasing by 1.64%; this is reflective of the General Fund millage rate increase of 2.5%, offset by a 9.2% reduction in the Land Acquisition Bond millage. The M.S.T.U. Fund millage rate of 1.1506 is an increase of 7.2% over the current year, and is the first millage increase in 16 years. The Emergency Services District millage is remaining flat at 2.3655. Within the Solid Waste Fund, proposed residential assessment rates are increasing by $4.05 or 3.5% to $120.90 per Equivalent Residential Unit. Commercial rates are increasing by $1.50 or 3.7% to $42.00 per Waste Generation Unit (W.G.U). The proposed readiness-to-use fee is $24.69 per W.G.U., an increase of $0.09 from last fiscal year. 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