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Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2007 <br />Proprietary funds <br />Unrestricted net assets in the solid waste disposal district at the end of the year amounted to $21.7 <br />million, for the golf course ($0.6) million, and for the County utilities $21.4 million. <br />Other factors concerning the finances of these funds have already been addressed in the discussion of the <br />County's business -type activities. <br />General Fund Budgetary Highlights <br />During the year there was a $4.7 million increase in appropriations between the original and final <br />amended budget. Following are the main components of the increase: <br />• $1,699,684 supplemental appropriation to the Community Transportation Coordinator to provide <br />countywide public transportation. <br />• $1,522,349 supplemental appropriation to various departments for damages to facilities and <br />equipment from the three major hurricanes that affected Indian River County in 2004 and 2005. <br />• $612,200 supplemental appropriation to the Tax Collector's office. <br />• $195,750 supplemental appropriation to purchase a new generator for the Sheriff's <br />Administration Building. <br />• $115,349 supplemental appropriation for various vehicles and equipment items that needed to be <br />replaced. <br />Actual revenues exceeded budget for the following reasons: <br />• Taxes and franchise fee revenues exceeded the total budget amount. <br />• Rising interest rates resulted in increased interest earnings. <br />Actual expenditures were lower than anticipated for. the following reasons: <br />• Various budgeted capital improvements expenditures were deferred until next fiscal year. <br />• Positions budgeted but not filled. <br />• Operating expenditures were less than budgeted. <br />The General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances — Budget and <br />Actual is shown on page 25. <br />10 <br />