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2021-046A
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2021-046A
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Last modified
7/22/2021 1:37:31 PM
Creation date
7/22/2021 1:23:11 PM
Metadata
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Template:
Official Documents
Official Document Type
Report
Approved Date
04/06/2021
Control Number
2021-046A
Agenda Item Number
8.F.
Entity Name
Comprehensive Annual Financial Report
Subject
Fiscal year 2019-2020
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Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2020 <br />Expenses By Function (In 'lions) <br />Governmental Activities <br />Fiscal Years 2019 and <br />FY 2019 <br />FY 2020 <br />• The governmental activities expenses were $11.9 million higher in 2020 than in 2019. <br />This was mainly due to increases in public safety salaries and benefits and increases in <br />human services -related expenditures to provide coronavirus relief to community <br />agencies. <br />Business -type Activities <br />Business -type activities net position increased by $1.8 million. Key elements of this increase <br />are as follows: <br />• Overall program revenues decreased $4.5 million. This was mainly due to a $6.0 million <br />decrease in capital grants and contributions resulting from decreased developer capital <br />asset contributions. Charges for services increased $1.2 million <br />• Other revenues decreased $1.8 million due to decreased interest earnings. <br />12 <br />
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