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1 <br />ON MOTION by Commissioner Adams, SECONDED by Commissioner <br />Macht, the Board unanimously accepted the report. <br />7. B. TAX COLLECTOR, CONSTITUTIONAL OFFICERS FINANCIAL REPORT FOR FY <br />ENDING 09/30/02 <br />The Board reviewed a letter of October 31. <br />October 31, 2002 <br />Honorable Mrs. Ruth Stanbridge <br />Chairman, Board of County Commissioners <br />Indian River County <br />1840 25th Street <br />Vero Beach, Florida 32960 <br />Dear Chairman Stanbridge: <br />vew <br />-r <br />r-IARLES W SElMBLEE <br />Tax Collector <br />I am enclosing the 2002 Excess Fee Report of the Indian River County Tax <br />Collector's Office. <br />Total income for fees from all sources and investment income for 2002 was <br />$3,997,257, an increase of $219,315 over projected income, total expenditures were <br />$2,378,565, an increase of $161,371 over projected expenditures. This increase <br />included $160,814 related to the acquisition of our new computer system which was <br />not included in the projected expenditures. The excess fees were $1,618,692, an <br />increase over projected excess fees of $57,944. This breaks down to $1,417 077 being <br />returned to the Board of County Commissions up from our projected amount of <br />$1,357,851 and $201,615 being returned to the other taxing districts. <br />Comparable figures for 2001 include total income from all sources $3,914,554; total <br />expenditures were $2,112,565; producing excess fee of 51,801,989. <br />If you have any questions, please contact me. <br />Sincerely, <br />/ <br />• -. <br />tesi <br />ow (v <br />� G�G,'Iri <br />Charles W. Sembler jh <br />Tax Collector <br />NOVEMBER 12, 2002 <br />c <br />- err 47 <br />.".ed <br />P.O. <br />Box 1509 • VERo BEACH, FL 32961-1509 <br />Pxote (561) 567-8000 • }iv (561) 770-5009 <br />www .MyIndianRiverCounw. com <br />17 <br />r•1 <br />• <br />_�;1 v.)2- <br />