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INDIAN RIVER COUNTY, FLORIDA <br />NOTES TO FINANCIAL STATEMENTS - CONTINUED <br />Year Ended September 30, 1988 <br />3. Property Tax Revenuess <br />Property tax revenues recognized for the 1987-88 fiscal year were levied in October, <br />1987. Virtually all unpaid taxes are collected via the sale of tax certificates <br />prior to fiscal year and, therefore, there were no material taxes receivable at <br />fiscal year and. <br />Key dates in the property tax cycle (latest date where appropriate) are as follows: <br />Revenues for Fiscal Year <br />Ending September 30, 1988 <br />Assessment roll certified June 26, 1987 <br />Property taxes levied October 12, 1987 <br />Data of lien October 12, 1987 <br />Beginning of fiscal year for <br />which taxes have been levied October 1, 1987 <br />Tax bills rendered November 1, 1987 <br />Property taxes payable: <br />Maximum discount November 30, 1987 <br />Delinquent April 1, 1988 <br />Tax certificates sold on <br />unpaid property taxes June 1, 1988 <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 />Total <br />Buildings Property, <br />and Construction Plant and <br />Land Improvements Equipment In Progress Equipment <br />Balance at <br />October 1, <br />1987 $12,512,128 $12,536,079 $11,077,629 $ 5,225,713 $41,351,549 <br />Additions 473,282 4,854,322 2,769,982 1,180,491 9,278,077 <br />Deletions 347,750 - 920,394 5,438,138 6,706,282 <br />Balance at <br />Septem- <br />ber 30, <br />1988 S12.6� 631,660 $17,390,401 512.927 7 S 968,066 $43.923,344 <br />23. <br />