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Indian River County, Florida <br /> Management 's Discussion and Analysis <br /> For the Year Ended September 30 , 2002 <br /> The following schedule provides a summary of the changes in net assets . Governmental Activities revenues ex- <br /> ceeded expenses by $24 . 1 million. Business-type Activities revenues exceeded expenses by $ 13 . 9 million. Total <br /> revenues increased $2 . 8 million from the previous year. Increases in property values and millage rates generated an <br /> increase in property taxes . The strong local economy plus population growth of the County contributed to in- <br /> Changes in Net Assets <br /> (in millions) <br /> Total <br /> Governmental Business-type Percent <br /> Activities Activities Total Change <br /> 2002 2001 2002 2001 2002 2001 <br /> Program revenues <br /> Charges for services $ 16 . 2 $ 16 . 1 $ 34 . 7 $ 33 . 3 $ 50 . 9 $ 49 . 4 3 . 0% <br /> Operating grants/contributions 5 . 4 5 . 1 - 0 . 1 5 . 4 5 . 2 3 . 8 % <br /> Capital grants/contributions 4 . 8 3 . 7 11 . 3 9 . 9 16 . 1 13 . 6 18 .4% <br /> General revenues <br /> Property taxes 57 . 0 52 .4 - - 57 . 0 52A 8 . 8 % <br /> Sales taxes 17 . 0 15 . 6 - - 17 . 0 15 . 6 9 . 0% <br /> Franchise fees 5 . 8 6 . 3 - - 5 . 8 6 . 3 (7 . 9)% <br /> State shared revenues 12 . 9 12 . 2 - - 12 . 9 12 . 2 5 . 7% <br /> Other 6 . 3 11 . 3 3 . 8 6 . 4 10 . 1 17 . 7 (42 . 9)% <br /> Total revenues 125 . 4 122 . 7 49 . 8 49 . 7 175 .2 172 . 4 1 . 6% <br /> Expenses <br /> General government 17 . 9 13 . 8 - - 17 . 9 13 . 8 29 . 7% <br /> Public safety 45 . 2 42 . 9 - - 45 . 2 42 . 9 5 . 4% <br /> Physical environment 1 . 6 2 . 1 - - 1 . 6 2 . 1 (23 . 8)% <br /> Transportation 14 . 9 13 . 5 - - 14 . 9 13 . 5 10 .4 % <br /> Economic environment 0 . 3 1 . 4 - - 0 . 3 1 .4 (78 . 6)% <br /> Human services 6 . 0 4 . 7 - - 6 . 0 4 . 7 27 . 7% <br /> Culture/recreation 8 . 2 10 . 6 - - 8 . 2 10 . 6 (22 . 7)% <br /> Court related 5 . 5 5 . 2 - - 5 . 5 5 . 2 5 . 8 % <br /> Interest on long-term debt 1 . 7 0 . 6 - - 1 . 7 0 . 6 183 , 3 % <br /> Water and sewer - - 23 . 2 22 . 5 23 . 2 22 . 5 3 , 1 % <br /> Solid waste - - 8 . 0 8 . 2 8 . 0 8 . 2 (2 .4)% <br /> Golf course - - 2 . 8 2 . 9 2 . 8 2 . 9 (3 . 5 )% <br /> Other - - 1 . 9 1 . 4 1 . 9 1 . 4 35 . 7% <br /> Total expenses 101 . 3 94 . 8 35 . 9 35 . 0 137 . 2 129 . 8 5 . 7% <br /> Increase in net assets before transfers 24 . 1 27 . 9 13 . 9 14 . 7 38 . 0 42 . 6 ( 10 . 8 )% <br /> Special item - grant to State 1 . 3 - - - ( 1 . 3 ) - 100% <br /> Transfers (0 . 1 ) (0 . 1 ) 0 . 1 0 . 1 - _ 0% <br /> Increase in net assets 22 . 7 27 . 8 14 . 0 14 . 8 36 . 7 42 . 6 ( 13 . 9)% <br /> 6 <br />