Laserfiche WebLink
BOARD OF COUNTY COMMISSIONERS <br /> 1801 2r Street, Vero Beach, Florida 32960-3388 <br /> Office of Management&Budget <br /> Telephone: (772)226-1214 <br /> July 10, 2015 <br /> Board of County Commissioners <br /> Indian River County <br /> 1801 271h Street <br /> Vero Beach, FL 32960 <br /> Dear Commissioners: <br /> As required by Florida Statutes, transmitted with this message is the recommended budget for <br /> Fiscal Year 2015/2016 (FY 15/16). <br /> The proposed budget represents the general operating framework for providing all County services <br /> for the forthcoming year. As presented, it reflects the County Administrator's plan of implementing <br /> and funding the recommended service levels. The budget has been developed with a combination <br /> of guidelines provided by the Board of County Commissioners (BCC)throughout the year, critical <br /> input from all departments, Budget Department guidance,the Administrator's perception of needs, <br /> responses from the community, and the Constitutional Officers' budgets. <br /> "Recovery"and Moving Forward <br /> The County taxroll has begun to recover following a significant drop during the"Great Recession". <br /> For FY 15/16 the taxroll is increasing by approximately 7.1% from last year. This follows smaller <br /> increases over the last two years. During the downturn significant cuts were made to adjust for a <br /> 31%taxroll drop while avoiding millage rate increases. These measures resulted in a leaner, more <br /> efficient organization that is better prepared to provide services to the public at a reduced cost <br /> going forward. <br /> For FY 2014/15, the County embarked on a catch - up plan for needed capital equipment <br /> replacement. Staff is recommending a continuation of that plan with moderate increases in capital <br /> equipment funding for FY 2015/16. <br /> Fiscal Year 2015116 Budget Highlights <br /> The total proposed budget is$279,943,033, a decrease of$34,497,691 or 11.0%from the current <br /> year. It should be noted that this is an increase of 7.5% from the beginning budget of <br /> $260,379,973 for the current year. However, this is still 40.7% below the approved FY 2006/07 <br /> amount of $472,420,328. A detailed all - fund expense summary is contained in the exhibits <br /> following this message (pages 21 and 22). <br /> 3 <br />