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BOARD OF COUNTY COMMISSIONERS <br />September 13, 2023 <br />Board of County Commissioners <br />Indian River County <br />1801 27`h Street <br />Vero Beach, FL 32960 <br />Dear Commissioners: <br />This letter updates the Budget Message with respect to budgetary changes occurring during and after <br />the July workshops. Listed below are the budget changes. <br />On July 11, 2023, the Board of County Commissioners approved and, on August 29, 2023, signed the <br />ordinance to levy an additional one cent of Tourist Tax effective October 1, 2023 and reallocating the <br />five cents as follows: <br />Workshop Budget Adjusted Budget <br />Coastal Engineering Fund 2 3/4 cents $11,472,890 $11,748,519 <br />Tourist Tax Fund 2 cents 1,678,781 2,006,400 <br />Jackie Robinson Training Complex Fund '/4 cent 491,625 400,000 <br />Optional Sales Tax 51,957,291 52,111,479 <br />The changes above will increase the total budget by $665,811 resulting in a total FY 2023/2024 budget <br />of $506,901,540. <br />An adjustment to the current year's Sebastian Community Redevelopment Area (CRA) payment has <br />resulted in the following changes: <br />Workshop rate Adjusted rate <br />General Fund Rolled -Back Rate 3.2039 3.2022 <br />Aggregate Rolled -Back Rate 5.5406 5.5389 <br />All other millage rates remain the same. <br />Sincerely, <br />i� <br />John A. Titkanich, Jr., AICP, ICMA-CM <br />County Administrator <br />