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Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2020 <br />140 <br />120 <br />100 <br />80 <br />60 - <br />40 <br />20- <br />0 - <br />Revenues By Source (In Millions) <br />Governmental Activities <br />Fiscal Years 2019 and 2020 <br />4. <br />5e <br />enc() a; �� a;�c <br />Orae a'�1�q, .„zo. <br />Qet 0 <br />O <br />J`")e <br />c�a <br />FY 2019 <br />• FY 2020 <br />Governmental Activities <br />• Overall program revenues increased $23.9 million due to increases in operating and <br />capital grants and contributions, mainly from the CARES Act funding provided to local <br />governments. <br />• Overall general revenues increased by $4.8 million due to higher property tax collections <br />as a result of increased property tax values and increased millage rates for the General <br />and M.S.T.U. funds (increase of $9.2 million or 8.7%) which was offset by a $3.4 million <br />decrease in other revenues ($3.3 million was in interest earnings) and a $0.9 million <br />decrease in sales taxes. These decreases were the result of declining economic <br />conditions caused by the coronavirus pandemic. <br />11 <br />