07/15/2015 - Laserfiche WebLink

Home Browse Search

. BO t', s :OF C 4UNTY COMMISSI ff.NE r'S :. :1801 Z7th Street, Vero.Beach, Florida.32960-3388 . . ' Office of Management&Budget .Telephone; (772).226-1214.. . July 10; 2015 ‘,33.1 : : ORS Board:of County.Commissioners : - Indian River County : : :1601 27th Street Vero:Beach, FL:.32960. . . :: :. Dear-Commissioners: As required.by Florida:Statutes; transmitted:with this message is the-recommended budget for Fiscal Year 2015/20.16(FY:15/16). . `: : ':. Theproposed budget representsthe general operating framework for.providing all County services for the forthcoming year..As presented,:it reflects the County:Administrator's plan of implementing. and funding the recommended service.levels. The budget has,been'developed with a combination ' . of guidelines'provided bythe:Boardof CountyCommissioners(BCC)throughout the year, critical : .. input from all departments, Budget Department guidance,the Administrator's:perception of needs, responses from the community,:and:the Constitutional.Officers' budgets; : : : ' °R.ecovery"an( Moving Fonar l: :: : The County taxroll has begun to recover following a significant drop during.the"Great Recession".`: ::. For FY 15/16 the taxroll isincreasing by:approximately 71%from:last year." This follows smaller increases over the last two years: During the downturn significant cuts were made to adjust fora. 3104)taxroll.drop while avoiding'Tiillage:rate increases: These measures resulted in a leaner, more efficient organization that is better prepared to provide services to:the public.at a reduced.cost : going forward. : - For FY 2014/15, the County embarked on a catch up. plan for needed capital •equipment : replacement'. Staff is recommending :continuation of that pian with moderate increases:in capital equipment funding for FY 2015/16. Fiscal Year 2015/16 Budget Highlights :: • The total proposed budget is$279,943,033, a decrease of$34,497,691 or 11.0.%from the current,. : ; year. . .It should :be noted that: this is an increase :of 7.5% from :the beginning:budget of : : $260,379,973 forthe current year However, this is still 40.7% below:the:approved FY.2006/07 amount of $.472,420,328. A detailed all -.fund-expense summary:.is contained in the exhibits . following this message (pages 21 and 22).