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HomeMy WebLinkAbout2016-082C x 1s I y� �S 4 a, trx'k 4 4�Y7RYYl`il`}1�Y`�i4'�( r �L(1, v t F 4q II ! f� f. 3t}T Y PPQ r rf I } rlwrl � Ali Yr� l1 II I o COMPT. Jeffrey R. Smith, y } I `�`�a�OUNTyC�� � "4 CPA, CGFO, CGMVIA 0 N A , Ionian River River Count y O t ~ Clerk of the Circuit C urt 9m�',t,;.'nen.e. ,,o�- ,,;,,,,',111.',011n-, , ) and•1.r,Ynptroll:er i ,SR C--'-' y 14 .., ' 'i To the Residents cif Indian River County: , �»? ,.r M ,, iti '� '' ' Iproud topresent you with the" CP `ty I t e Po ular Annual ,' `' ' � am ' s � ��R s' v � p �u'� ;^ "�+rl� r ai t: ' Financial Report (PAFR). The PAFR isintended provide readers with an `)' } easy to understand summary of Indian RiVer County's financial activities for ,'' '° ` , , , ' `' , " the fiscal year ended September 30, 2015 This report provides a brief analysis x a ,r} :.: Vit, ,, : V' i of where Countyrevenues come from and how those'dollars were managed and �. frFf w, ,, spent over the past fiscal year. , i'r„fE .,„I ' It is my responsibility as Clerk of the Circuit Court and County Comptroller to „ ,: safeguard our Count spublic:records and funds. As such, I serve as the ,„+� ,,, fixer'` n official watchdog of County funds, providing checks and balances , w, the ,' ”,_ ` ,,,,,,,-4,„. , '' ' ry County'budget, revenue, and spending. I remain committed to reviewing our ", ^.* f , ' "'" County's financials each year and reporting the information' through! our ,f.. r# �; ,' ;' Comprehensive Annual Financial Report (CAFR), 'and now through this +'; ' � PAFR: te',,; Should you desire more information not found in this report, you may wish to �, , , , r, r , review the CAFR, which can be found on our website at www.clerk: ndian "!� i ' '' rivet.orefenlfinance/. Awarded the Certificate of Achievement for '' ^ h t Excellence in Financial Reporting for the past 32 consecutive years from the '''',,,,.',,i'4„,"'' .. r i mz �; rte,`, ,' `'^ Government Finance Officers Association, the CAFR contains more detailed ^, `h �w } audited financial information. t; I hope you will find this report to be informative. It is my honor and privilege ,, to serve as your Clerk and Comptroller. Thank you for the trust you continue ` , J ;�% " to place inyour Countyand those who work to serveyou. r , € Sincerely, Jeffrey R. Smith, CPA, CGFO, CDMA " Indian River County Clerk of the Circuit Court and Comptroller . '�„, ��u�... . � �. a, a, a, a, a, a, a, a, a, �, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, ..;,,'�, .. � wla. �' `r �y��� � �� e � r. � � � " •i � "i® ! � �i..r�a; !� t ! A # z m �� Kc x i '� v,� � t Q ! � rk Y SR � k""�",�N. }F y n,,.l,,��' y � �> ��u�, . ;. ,.��u �``i .t, � i®" � t w $ '� � � }m �� ,w ! t a "�' e�„ ® a t � � 4 � � 4{ 1 tri ',, �� �.,�� 'qr�,�h i �'•�,•'�4 � �: c4 ul�� � .:� ^, .,� 4 d � E e p :,a 9 ,,i `� ° � � �� d t z. i r i ! i y t r � i uj �� 4 r�� t � � i1' ' �t„r.>� r 4 ! 1 7 $ {I � $ f a e, t p t t t.. f t t � f � � }zsr ����Si4. �y i f .r ;���r W, �� �t{. � } � vitas, `s t 3 is 3 �2�`�� t �, t� 2 { 3 9 tg� tj � (� Y �� J '{ $ +tt ji 8 �'��t �:4� � � tet! � � ! B I: J �(}c f { 4 pi 1 t i 44 t jt;�, }St ) ft r st't� �' Y}{71�it�t�� �` �� ! ! t! ® ! x� cl�s��j �{41��3�s� ��� ® � � � � r ��tjy/ s�� �� ! a 9 a s ”c!" a �s !" a t ��� ��� r s;��. �1�� ! ! t-t t t '• � t" •' a '! o t ® ° ® ® � a t 't a t ® i' t` ,.tau a "t f ® • a f s �. ,. � , ,q>,, . .�, r�S5 6�` x r s a,�..,,,F ,? rfir} ' 3 � � r „� ,� e a � e f F A r � i ,� r i f 'R / B 6 � P � � ! � `�%� }ays�sa�x� �z n�,.�u,�t� / 8 t B P f � �& [ P P 6 1 � 0 6 / e {as. a„ t Y r• b.- t' s ,. Indian River County was established on June 29, 1925 by an act of the Florida Legislature. 'Vero Beach is the Seat of the County f ' ; government. The current population of Indian River County is _ 4 143,326 and the median age in the County is 50.5. Indian Diver County is located on the central Atlantic Coast of Florida, approximately 100 miles southeast of Orlando and 135 miles north of Miami. The County is bordered by Brevard County to `t the north, St. Lucie County to the south, and Osceola and _..__...v ....T Okeechobee Counties to the west. ' There are approximately 100 miles of waterfront land in the county, including 23 miles of Atlantic beaches. The comfortable climate provides the basis for year-round enjoyment of the beaches, Indian River Lagoon, County parks, Sebastian Inlet State Park, and the Pelican Island } National Wildlife Refuge by both residents and tourists. Indian River County provides a full range of services including, but not limited to: construction and maintenance of roadways, W sidewalks and other infrastructure, fire rescue/emergency services, law enforcement, library services, traffic operations and control, parks and recreational services, human services, building inspections, licenses and permits, water/sewer utility services, and refuse collection and disposal. i The waterways in and around Indian River County are teeming with a large variety of unique aquatic animals including manatees, sea turtles, sharks, dolphins, and rays(shown at left). Photo courtesy oflndianRiverByAir.com 2 Indian River County is a non-charter county established under the Constitution and the Laws of the State of Florida. It is governed by a five member Board of County p Commissioners (Board) elected at large from the five districts within the County. A County Administrator is appointed by the Board and is responsible for implementing theF policies set forth by the Board. The Administrator is also charged with the fiscal control t�RT�p' of the resources of the County. A 11 LA Al TIC BREVAIZO COUNTY � � t{ 4 0CkA N WE 507 i i t t. cS � � 512 � c z � i �' t 4�2 Orchid 512��" 510 tn,ctrf=„?.t c Indian River Fellsmere - Shores ww,xi� 1 ,. � ww 512 47S ST i A% � xue .`V O BeaOh I x i 60 Map Legend Munioipai Boundaries Commissioner Districtsi lsrs sw DISTRICT 1 A1A +DISTRICT 2 'I DISTRICT 3 q j 1 DISTRICT 4 DISTRICT 5 OKEECHOBEE COUNTY 0 1 2 4 5T LUCIECOUNTY Miles' } I h Wesley S.Davis Joseph E.Fleseher Tim Zore Peter D.O'Bryan Bob Solari District 1 District 2 District 3 District 4 District 5 3 s k its ,r AN 1 ► ry L r Carl „ t 44an I7 WO C Nolte Leslie,l bsswit Swan Jed �th It 'WIC", 11040 Praperti 'A ser Supeitr of flections Clk of ourtd r z x, �c� ptrc�ll �, { t' � 44 t , In addition to the Board, there are five elected Constitutional Officers serving specific governmental functions: Sheriff, Tax Collector, Property Appraiser, Supervisor of Elections, and Clerk of the Circuit Court and Comptroller (Clerk). Although the funding for all Constitutional Offices is part of the County's General Fund, the Board does not have direct responsibility for their operations. Each office is run separately within each of its respective legal guidelines. The Clerk, Sheriff, and Supervisor of Elections submit proposed operating budgets to the Board prior to May 1 st. The Florida Department of Revenue receives budgets from the Property Appraiser prior to June 1 st and from the Tax Collector prior to August 1St. Once these budgets are approved, they are forwarded to the Board. The court- related function of the Clerk submits a budget to the Florida'Clerks of Court Operations Corporation (CCOC) prior to June 1st. These operating budgets include proposed expenditures and the sources to finance them as set forth in Section 28.36, Florida Statutes. Constitutional Officers, all departments controlled by the Board of County Commissioners, and outside State and local agencies submit their proposed budgets to the Office of Management and Budget for assistance, review and compilation. The County Administrator then reviews all the budgets of the County departments, state agencies and nonprofit organizations, and makes his budget recommendations to the Board of County Commissioners on or before July 15th of each year.: During September,public hearings are held pursuant to the Florida Statutes, in order for the Board to receive public input on the tentative budget. At the end of the last public hearing, the Board enacts ordinances to legally adopt (at the fund level) the budgets for all governmental fund types. i r Y # t Downtown Vero Beach Y Photo courtesy of r,rry{?{{�r(;'i;(ts{?}Sr Gary TllYn3Ylond 4 Established in 1838 by the Florida Constitution, the Clerk of Circuit Court and Comptroller (Clerk) is an elected official responsible for safeguarding public funds and protecting public records. The Clerk's Office performs 926 different constitutional and statutory functions and duties. This number does not include the responsibilities required of the Clerk by Court Rule and Administrative Order. In addition to being the County Comptroller, the Clerk is also the Clerk of the Circuit!Court, County Recorder, and Clerk to the Board of the County Commissioners (Board). As the County Comptroller, the Clerk acts as the County Treasurer, Auditor, and Finance Officer, providing 'a check and balance on the County's budget, revenue, and expenditures. Among other financial duties, the Clerk handles the investment of available county funds,!provides financial reporting to the Board, processes accounts payable and payroll, provides accounting services to all departments under the Board of County Commissioners, pre-audits all county expenditures before payment, conducts internal post-audits to determine if financial controls are sufficient, and is responsible for the collection and enforcement of Tourist Tax. As the Clerk of the Circuit Court, the Clerk is responsible for aiding in the judicial process and maintaining the integrity of the court records. Some of the Clerk's responsibilities include processing all Civil and Criminal cases in the county, preparing court dockets, attending hearings and trials, collecting fines and fees, jury management; maintaining custody of all evidence and exhibits entered by the court, maintaining the court registry, auditing guardianship reports and child support payments, issuing marriage licenses, and processing passport applications. As County Recorder, the Clerk is responsible for maintaining the County's Official Records. Some of the Clerk's duties as 'County Recorder include recording and indexing all deeds, mortgages, and other documents pertaining to real property in the county, recording and indexing all judgments, orders,'and other documents pertaining to court cases in the county, processing tax deed'applications' and conducting sales, recording plats of subdivisions, and collecting and disbursing documentary stamp taxes and intangible taxes. As Clerk to the Board of County Commissioners, the Clerk serves as the custodian of the Board's records. Among other duties, the Clerk attends meetings of the Board and other committees, produces, records, indexes, and distributes the official minutes' of these meetings, maintains'legal custody of the Official County Seal,; and !provides citizens a forum through'the Value Adjustment Board to address a t complaints when they believe the Property Appraiser overvalued their property or improperly denied an exemption. f fi The Barber Bridge r Photo courtesy MONof Lisa Ioppolo 5 wYA S' 1 t. t i X'• tl R,tt, ,i � tt . „� t,,.t,�s,t i��t� {. {, {�,}�t 17t ,,,f. ttt�f�}T}�4 f G��� ;,t � tt,� , ,'� �� „� t�"+�t��t• ��t t e,� tr�s���€ttt�i{�t#f��t�i?��,rte,qtr}��t2���lY�ssvtt�r;��s�t{its£it���jt�t��s�t��st��li�,�l�rt�i���r��t�,11,���.���������ttk���fitl�t����,����it„�����o�����,�? ���4��si��u��tr� �4�#��• ���, kr.,�,s: �} Listed are some ,major projects included in, the current Capital �pro,v e estimates the cost � 'i�prcivenmcmts and evlate �; tt<y,., kk t t,k kit ;t 1, at t i ;k}} it t t t�}iktt2 � j tt t ist", �t}tttt};tl�t; Intergenerational Recreati�ir ' eliy at z,�o�th{t County Regional Park: Construction is underway on the 40,000 square foot # intergenerational recreation facility at the S, County Regional Park.. It will be used fpt ;�tttr £�. community exhibits and events, Spurts g � •t 7 air programs for senior citizens, and have purpose gymnasium, various offices, ,and meetrn rooms, The estimated cast of 11 million will funded by impact fees and optional I one cent tax, 95th Street Beautification ProJject. This pproject , consists of the milling and resurfacing of 4-th tY street from 43rd Avenue to east of 24th Avenue. Construction of new five foot wide paved }° shoulders, curb and gutter, sidewalk S �� tk �'� �idtciNdt�`rst..�5p1 enhancements, pavement markings, and extensive landscape improvements are included in this 1 ' project. 'Funding of $1.9 million will b derived from gas tax and optional cine cent sales tax. t � t r 0th ,Ave' hhd Lith 'Street, Int "ection it<< Im-provene' : T %e- ii proverment will ixiclude the x = ligrnn nt of Oth Avenue-at 161h Street, the addition of'lef lanes t 0th Avenne, and the xtcncrn-cif.concrete bci 4 culverti in thendiap > er Frmacr Cnttdl District::Lateral " banal.:optional cone:gent sales fay-mill Ovide the;,; ; �k 1 1 mtllp fiandin a„,tk t"Y 1t tre et" W, hn+ � 't Aenn Intersection ���+� ld,:.Il►ffe ����fg ,�ay .Reso�r `ait� r�nn �' 1I Iri�% ►r�o� tniets�� Iinptovetnpts �v�tll cc�u rst,of the °�' yep' + un Ro + 1 The,r rlliiii ?recnstrntitiri cit a porton:`of 1st Street ��:.`with ttnproverents k t ld liel ghvy Consist of the addition cif left :turn ones i �pavemt,rctins�ction for a dltancf� t miles �n� 1st Street to=County Pond I �uurS "oot � � �� �' i " �t t j��t �'_t�� ,;moved ..shoulders, :asplla'lt surf.ce � l�aset t f t��� � � • ,� dant} ',"]r �} i d'. „�.�aferrals,�, t� gc� : avernertt � ��� ptt�lity � t � t�ol4t r� �t< t alp t7 k lid t�F�}tfded Y` a}, asent �tt,kn draiag }tmrcv��ents� til be ttt°�i�at,fes#�o did pv� shnldct' �r,fl` e it;S„tt t, {,. .tt,,,..,,.,, ,>i}.. ,,..,r�t,yRtfR} .,,,,•,, s,.•,,m,,,4,a :k� t�, ,ui ,,,, :; ,4n .� }t, 7({.,tt k } ,t, ,.;, t s..P t' ``, irjst j?fir t .s'}'. a, .a} rr, f, Pf {fs t {44tg>»z{fntfi TheoIlowin�7rt7 .� �major capital rc�'.�ets uv�re f .r e ,t s`}t{' 1 `.}�{fS}'€,�7'7 t���74f�� tr�4,;.� .,.7�iF�� ��,�tj �z}�; r F r:4t. �i��(• �t„#�t jr ?"� 1r rx��t• Ott �� rs��fir tf,� Q; 3d�t,,{ �t�Y` ,1 st, 1 ���}f�rtr,,l�t�t�{i. completed in fiscal year 201 5: f t Firs Rescue/EM t 1 !Yt 5 t p u 4 tw �+ t 8 f r t, r } � 3 { f ti d br tf 1 4 t 1 ` r � Pt i Indian River County is beginning to o e experience signs of improvement in the ME= economy. Total property tax values increased slightly from $12.8 billion in 2014 to $13.4 1. School District of Indian River County 2,113 3;79% billion in 2015. Construction activity also saw 2.Indian River Medical Center 1,753 3.14% a significant increase with 20% more building 3.Indian River County* 1,328 2.38% permits issued for additions and alterations in 2015 over 2014. The population of the 4.Pubhx Supermarkets 1,250 2.24°l° County has been steadily increasing, growing 5.Piper Aircraft Inc. " 650 1.17% to 143,326 in 2015. Unemployment has been 6 'Sebastian River Medical Center 569 1,02% decreasing, falling from 7.9% in 2014 to 7.2% in 2015. Historically, Indian River 7.John's Island ' 526 0.94°l° County's economy was made up of 8. City of Vero Beach 424 0':76% agriculture (citrus and cattle) and tourism. 9.visiting Nurse Association 399 0.72% Those industries have now been complemented with an increase in health care 10.Indian River Estates 350 0.63% and information technology firms, light Principal Employers'Total: 9,362 16.79% manufacturing, wholesale and retail trade, ;, �, � �� � '� � � and service sector jobs. The top three major �� � „ ifag employers in Indian River County, providing Source:Indian River County Chamber of Commerce. over 9% of the total number of fobs in the *This includes the Board of County Commissioners, Supervisor of Elections, Property Appraiser, County, are the School District of Indian Sheriff,Tax Collector,and Clerk of the Circuit Court and Comptroller. River County, Indian River Medical Center, and Indian River County Government. $59,419 $63,140 $57,107 $47,689 r, $54,045 „r $541448 $51041 $52,855 $48,378 ' ss ® ® ® 1 . ®� • ass s °s s 2006 2007 2008 2009 2010 2011 2012 2013. 2014 2015 Population Unemployment Rate Per Capita Personal Income (2015 Per Capita Personal Income information not available) 8 ------------------------- The Board of County Commissioners and ` other taxing entities each seta property tax i . � g P p Y rate called a "millage rate". This rate is 1.Florida Power Light $112,933,476 0.84% rate to calculate overall property taxes. A 2.Disney Vacation Devi*Inc. 77,340,700 0.58% "mill" is equal to $1 of tax for every $1,000 3.Windsor Properties 40,149;993 0,30% of assessed property value. The picture below illustrates how each dollar of the 4.John's Island Club Inc. 39,786,080 030% County-wide portion of the property tax bill 5.AdultCommunity Services Inc. 37,143;645 0.28% is broken down. The County-wide 6 AT&T 3,6,518,283 0.27% portion is paid by all property owners within the County boundaries. If you 7.Wells Fargo 28,977;860 0.22% own a home in Indian River County, the tax .Piper'Aircraft Inc. 23,356,342 0.17% bill you pay each year funds much more 9.MHC Village Green 22,358,570 0.17% than County Government. Depending on where you live, your tax bill may also 10.WalMart 21,562,877 0.16% include millage rates for taxes paid to cities, Principal Taxpayers'Total: $440,127,826 3.29% such as the City of Vero Beach, or a special taxing district, such as the Sebastian Inlet Taxing District. Source:Indian River County Property Appraiser Breakdown of the County-wide Portion How property taxes of a Property Tax Bill are calculated: Based on Taxable Value of$200,000 [Assessed Value of Total Taxes. $3,056.40 Property minus Exemption(s)] - - 1,000 x Total Millage Rate Total Property Tax � . "�Vt�ra °rare�)C, �.. �, .m � For illustrative purposes only. + Amounts shown in the example do g{ not include cities, unincorporated u` areas, or any applicable districts within. Amounts shown are also net to ° --- "° of applicable exemption amounts. l � �. � • alas ,G� ��- Note. The,residents of the Town of rIndian River Shores'are not levied a _ the Emergency Management `.. � Services District tax.- Indian River County Indian River Emergency Special Districts Land Acquisition School Board County Management 1.6002 mills: : Bond ' 7.9950 mills: 3.3375 mills: Services District* $320.04, 11% 0.3694 mills: $1,599.00,52% $667.50,22% 1.9799 mills: $73.88,2% $395.98, 13% 9 a r The Statement of Net Position presents information on all the County's assets, liabilities, and 'deferred inflows/ outflows of resources. The difference is reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the County its improving or deteriorating. In the case of the County, assets and deferred outflows of resources exceeded liabilities and deferred inflows by $960.1 million at the close of the fiscal year. The largest portionof the County's net position 'reflects its investment in capital'assets, such as land, buildings, infrastructure, intangibles, machinery, and equipment, less any related outstanding debt used to acquire those assets. These capital assets amount to $733.3 million, or 76% of the County's net position. $128.6 million, or 13%, represents resources that are subject to external restrictions on how they may be used. The remaining $98.2 million is unrestricted and may be used to meet the County's ongoing obligations to citizens and creditors. t r j t'1�-°3 1rlCrease � (D�crease E�ls5ets Current and other assets $342.3 $328.5 $13.8 Capital assets 790.4 798.0 (7.6) Total Assets 1,132.7 1,126.5 6.2 Deferred Outflows of Resources 14.5 2.2 12.6 Liabilities Other liabilities 15.5 16.7 (1.2) Lang-term liabilities 156.3 108.1 48.2. Total liabilities 171.8 124.8 47.4' Deferred Inflows of Resources 15.6 15.6 Net Position Net investment'in capital assets 733.3 726.4 6.9 Restricted 18,6 116.2 12;4 Unrestricted ;98:2 161.3 3.1 Total net position ; ;' 96fJx1 $1,003.9 fA38 (Chart in millions) The decrease in unrestricted net pt�sition and increase m deferred outflows of resources, long-term liabilities; and deferred inflows of resources was mainly due to the implementation of GASB Statement No. 68 which required the County to report its proportionate share of the net pension liability! 1 � The Statement of Activities presents information showing how the County'snet positionchanged during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change! occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods. 2015' 2014 Increase Percent (Decrease) Change RE ENUES Program revenues' Charges for services $70.6 $68.3 $2.3 3.4% Operating grants/contributions 24.9 22.2 2.7 12.2% Capital grants/contributions 20.3 12.5 7.8 62.4%' General revenues Property taxes 76.6 72.7 3.9 5.4% Sales taxes 23.5 21.9 1.6 7.3% Franchise fees 9.2 9.3 (0.1) -1.1% Other 3.5 3.4 0.1 2.9% Total revenues 228.6 210.3 18.3 8.7% EXPENSES General government 24.7 23.0 1.7 7.4% Public safety 66.4 66.9 0.5) -0.7% Physical environment 1,6 1.0 0.6 60.0% Transportation 26.0 23.6 ' 2.4 10.2% Economic environment .4 1.1 (0.7) -63.6% Human services 7.4 7.1 0.3 4.2% Culture/recreation 17;Q 16.6 0:4 2,4% Court related 63 6.4 0. 4.7% Interest and fiscal charges 1.0 1.9 (4.9) -47.4% Water and sewer 35.2 35.8 (0.6) -1.7 Solid waste t 1;7 10.8 ,9 8.3% Golf course 2.5 2.6 (0.1) -3.8% Building 16.7% Total expenses' 202.'7; 198.6 2.1% Increase(decrease)in net position 25.9 11.7 14.2 121.4% Net position-beginning 1,003.9 992.2 : 11.7 1.2% Restatement to implement GASB 68 (69:;7) - (09 7) - Net position-ending $960.1 $1;003.9 ($13.8) -4.4% (Chart in millions) Property Taxes $76,621;036 $72,715,877The revenue used to fund the County Intergovernmental 32 065,821 30,563,650 government comes from many sources. Overall, general revenues for the fiscal year Charges for Services 18,558,182 18,076,888 2015 increased from the prior fiscal year by Sales&Use Taxes 16,190,352 15,228,304 approximately $8.4 million. This increase is Permits,Fees,and Special Assessments 15,567,731 14,321,389', due mainly to increased property tax values. Gasoline Tax 3,672,972 3,294,709 The County's primary source of revenue is property taxes, amounting to $76.6 million, or Miscellaneous 2,470,553 3,221,548'' 45%, of Governmental Funds revenues in Tourist Tax 2,267,101 1,918,201, 2015. This is an increase of$3.9 million from Ether Tapes 1,418,617 1,428,254'.. fiscal year 2014. Judgments,Fines,Forfeits 897,860 1,004,374 Interest 894;705 463,274' vfr � 11f It fa k t k r r Gasoline Tax,2.1.5% Other Taxes, 0.83% Miscellaneous, 1.45% Judgments,Fines,Forfeits,0.53% Tourist Tax, 1.33% Interest, 0.52% 12 NONE Expenditures for fiscal year 2015 totaled Public Safety $71,703,248 $67,799,667' $164.8 million, which increased by $3.5 Transportation27,945,564 23,321,248 million over the previous year. By far, the largest expenditure of County funds is for General Government 22,957,111 20,681,570 Public Safety, increasing by $3.9 million this Culture and Recreation 15,719,709 11,627,286 year. Public safety activities include law Human Services 7,519,756 7,178,542 enforcement, correctional facilities, fire rescue, and emergency management. Capital C° Related 6'67T904 6,487,906 Outlay for fiscal year 2015 decreased by $11.3 Debt Service 5,446,070 5,684,616 million from the previous year following the Capital Outlay 5,309,597 16,560,941 completion of the 66th Avenue widening and Physical Environment' 1,055,021 781,306' the Osprey Marsh projects. Economic Environment 436,320 ' 1,106,886 111,1 �L lZiliza"',It 21 a i tl If 1 1 i fr Memorial Day Celebration Human Services,4.56% Capital Outlay,3.22% At Veterans Memorial Island Court Related,4.05% Physical Environment, 0.64% Photo courtesy of Gary Tummond Debt Service, 3.31% Economic Environment, 0.27% 13 » , t �t»rrt`,'t. 7`l �� z�ik�Y 1?P Vit..1 S .t Y..r} + t ?'•..ft r t sa'# s a $r i't t ��t}trf,ir+trrn7t�f3}y'�}tr,r 1t t S}.. tut trt}i rtz, ::tt t rra t t r General Fund is the chief operating fund of the �tr€ st;tilrt7 +�44FF?} try County. The ending fund balance as of September 30> Fund Balance Comparison 7}�,iYtf�r�£ftStt7{Fz��}�++7l�ttiu}��}St tyt{t 'st}jEt4€st4s} s}jrtisR+rt tY 2415 was $50.3 million. 2015 2014 �<t zyt s t �lt 7 #r is In 2010 the County implemented the Governmental Nonspendable $459,546 $1,134,846 p ft t Accounting Standards Board (GASB) Statement 54. Restricted 1;000,000 1,000,000 t t 1j ' The objective+ of Statement 54 is to provide clearer Committed 1,092,575 1,223,183 fund balance classifications that can be more Assigned - - consistently applied and by clarifying the existing Unassigned 47,727,109 48,320,836 governmental fund type definitions. Total $50,279,230 $51,678,865 The fund balance classifications used are: NO • N©nspendabl'e -Amounts that cannot be spent because they are not in spendable form, such as inventory,prepaid items, and advances to other funds. • Restricted- Use of these resources is based on constraints imposed by external parties,such as � - creditors, grantors, contributors, or laws and regulations. • Committed -Amounts that can only be spent by approval by a County ordinance by the Board of County Commissioners. • Assigned - Amounts are designated for specific purposes by the Board of County Commissioners via budget amendments and do not meet the criteriaof restricted'or committed classifications. • Unassigned - Amounts in the general fund that do not meet' any 'other fund balance classifications. r,�ts Fund Balance Trend $52.9 5.6 56 56 $54.3 � " 9 $51.7 50 �s+m�mmc' rs�?,{}£ tji+ritil7sjt�r7t »r}s�rsl�l i7ttF, no-s�ssy4 7 0.3 �rsa�»r�r:»�,„>�m� 1 s rfltt}wY t}sr� tl{t'7}2ttt 3t i rz 7k7 4 r t}�4(rrF#' r�mc trr�nst ., 45.3 rr+?f lys tt4# s{{fi4 2{ isrft, t #yy'twr{tFrr� €t{I£jy�4i�tss;}, ,;,7,(.»t}j s tF Sri t4�,tt<t�` tS,�,U}fi, {3.ist rW;y,#ttr 7 1 yytliP�fS r4#ry�S,7,ts�7fr lft�'7!#h� :tit }»r �,tr}rt sls o}I, '4.�,t�.tit,:rr ,r�t,+.l rt rs�tkr)r7 .:1=alt x4 to rift}�{{ti f,{rtt}t�,}#,rt}} ..tfjrij rP�Irt}, : .# }y,..z3 :,Iy4 1.,rsSa{z, tt t{{.{(} :: t..,.:tt ;i<ft }tt{r{ri�r,» {t r„e43} tr s {�r»rl t itst}'p. .J:,.sl?r t}?t. tt t t:1..z•�,,t r7 ,ztij=: t:4ttz�r.tss �zltt rt a;riz2l;tt tS} t<vyt £i�rrstrr5 ttt3r}r ��t�..,r ;=,€»2t5r,rt i.;,t{tr¢rT : +i}��tytrr>+ t,}}i(.tr;ir :..rlr ict t ,;,rsF,J,� {#S j.?}It�, Ytttll.,�! :it(f?}rft,,#r {t}rstttt (tr,tf S Ir i�5fllntttl h,t,y,l`•.'• '. f t4tr�pr+r7 £f t,F r�,„zr4�rr�t},} }S}r#»<. ;. t {� t�# .,ia{t=+�41it+,rl 1 rrlsl i rr•-.{t{£tFY#ft j..tri 1�it= £r: rf� »n„t„f ,,t ft�.Sy#.tf t`S{Stj 1..sr : i€tett lifi�fj7t? ,. �i;}�{ytt .ttS+;+t}1FU; r}.�ttti,llit (dtrf rrr tE, tl{k t ;rtyt+t,t#=tl f, til t��rt + r�3stt�ttt�< y;{£u�Et}<=£f, }ytr sfi.tttrtl Sit{311.=», ,t{r�=.»},=tt tt�}t 3trlJ}s ,r}rs 4,z^+S{kts,� ,t{rS.r 7 y�i,== }t(.{t,r{ltr+ �yy»rtt} {»'Sr}tla� cy liw,r tttt{ttfrt}rt t,.#yrri�£t�t a}k}r7,nrlt<r ,,}.},st�t,�a t�tl��77 {.t��.4w, ,:t.,{ta,s{{{: r}�ftt.ktt, t•#r:2tt,t,k3 sJr srt tJ.itJs :.. tt #,,+s .{,lTt: it};��, c,tyy{,}f 7t t »»tr= sltt4l}»�r, �t..f ijr27 },4 t�#t}IsI trf�fs}\,{l,t S�1#}?r#f-.}jj `t�t{!r#}t .,�t•t�r»<{,+,+� -,{ztt�l�Yfzti �tl>t1�5}rtf fi tY7ytfR� 2006 2007 2008, 2009 2010 2011 2012 2013 2014 2015 Budgeted Amounts Actual Variance with Amounts Final Budget Original Final Positive(Negative) Revenues Taxes $51,504,439 $51,504,439 $52,293,726 $789,287 Permits,fees and special assessments 8,774,200 8,774,200 9,401,418 627,218 Intergovernmental 11,527,062 17,195,229 15,112,212 (2;083,017) Charges for services 11,803,503 11,337,227 11,800,763 463,536 Judgments,fines and forfeits 322,525 322,525 452,930 130,405 Interest 1,81,902s 181,902 321,515 139,613 Miscellaneous 727,896 1,005,113 1,282,177 277,064 Total revenues 84,841,527> 90,320,635 90,664,741 344,106 Expenditures General government 18,759,938 21,631,755 20,596,696 1,035,(1$9 Public safety 41,501,356 41,843,633 40,610,717 1,232,916 Physical environment253,717 ' 267,099 249,263 17,836 Transportation 1,021,4816,894,934 4,837,336 2,057, 98 Economic environment 421,679 445 42.6,790 Human services 3,652,937 i{°' ,.` �tx � t� r;t 3,535,915 Culture/recreation 8 391 055 +' ��j,zts 8 461.822 5 3 tc>fs f� t �1 rss 7St y i, tlt ly 4tti t yts 5 $ t Court related 5,816,241 6,080,880 Total expenditures 79,818,404 89,9081821 84,799,419 5,109402, 7)t rrFy. Excess of revenues over(under)expenditures 5,023,123 -,411,814 ', 5,865,322 553108 t t Other Financing Sources(Uses) Transfers in 860,315' kr.{,`# 1,467,494 Transfers out (8,232,532) (8,732,451) 81 Total other financing sources(uses) (7,32,217) ;'y ,'t4 ,1Ir (7,204,957) {.r. (116,021) �S Net change in fund balances (2,349,094) (6,737,122) (1,399,635) $5,337,487 Fund balances at beginning of year 2,349,094 6,737,122 51,678,865 Fund balances at end of year $ - $ r $50,279,230{ tfSf rth'st?t 1 f s#tt t{t4rY`°��1x��itti��t�Y This chart shows the original and final amended budget for the General Fund for the fiscal year 2015. There was a $10.1 million increase in operating appropriations. This included $5.8 million in grants appropriations and prior year rollovers for the Senior Resource Association (SRA) to provide County- wide public transportation, $0.5 million in FEMA de-obligated projects, $1.4 million for All Aboard Florida'and Florida'Municipal Power Agency legal and professional 'services, $0,8 million for roof repairs at various County buildings, and $0.3'million in cost of living increases. Actual expenditures for the fiscal year 2015 were $5.1 million lower than anticipated. This included $2.0 million in SRA grant costs not yet expended, $1.0 million lower than expected Sheriff expenses, $0.4 million in unspent salary and benefits expenditures, and$0.5 million in unspent capital and maintenance costs. , The County's investment in capital assets for its governmental and business-type activities on September 30, 2015 amounts to $790.4 million, net of accumulated depreciation. This investment in capital assets includes land, p right-of-way, buildings and improvements, A intangibles, equipment, infrastructure, and construction in progress. There was an overall decrease of about 1% in the County's investment in capital assets for fiscal year 2015 over the previous year. Completed capital asset projects during the Right-of-way, 7.26% Equipment, 2.08% Fiscal year 2015 include: Construction in Progress, 6.60% Intangibles, 0.56% • 66th Avenue improvements - $23 million • Osprey Marsh project- $6.7 million • Oslo Road/43Ta-58th Avenue road project - $4.1 million Continuing capital asset projects during the • The R/O Plants lime slurry injection .project - $2.7 million fiscal year 2015 include: o Fire Rescue/EMS Station #13 - $2.2 • Sector 3 Beach restoration- $3.4 million million • South County Intergenerational Facility - ' • Courthouse security upgrade - $4.3 million $2.4 million • Egret Marsh rake 'upgrade project - $0.2 million t��S�{it�lt7iNtts} fRsta��£rf#i£Ctt,��t2i�StfiFss�t��tStt7t£t}tsl�tll£s�l. ytttrxi}}itlr}s c t,.iis f 4 E 1 ;. 0 , t £ Erd.an RNor County intergenerational Recreation Venter Construction of the South County Intergenerational Facility. Photo courtesy of Laura McIver At the end of fiscal year 2015, the County 2015 2014 had $59.1 million in outstanding long-term General Obligation Debt debt. Of this amount, $23.6 million is debt Limited General Oblig. Bonds, Series 2006 $3.5 $26.6 backed by the full faith and credit of the - - - government. Limited General Oblig.Note, Series 2015 20.1 -' Revenue Bonds/Notes The County advance refunded $19.1 million of Limited General Obligation Bonds, Series Spring Training Facility, Series 2001 7.2 7.7 2006 which resulted in a savings of $1.2 Water and Sewer Ref. Rev., Series 2005 16.3 million and saved approximately $217,000 Water and Sewer Rev. Note Series 2015 7.2 - in annual debt service payments. The bonds - - - - - - were refunded by a 1.66% Limited General Water and Sewer Ref. Rev., Series 2009 21.7 23.1 Obligation Refunding Note, Series 2015. Total $59.1: $73.7 The Board also approved paying off the outstanding balance on the Water and Sewer (Chau in millions) Revenue Refunding Bonds, Series 2005. Half of the outstanding principal, or $7.1 million, was refunded from available utility reserves and the remaining half was refunded by a 1.65% Water and Sewer Revenue Refunding Note, Series 2015. The cash funding of $7.1 million in principal results in a reduction of approximately $1.2 million in annual debt service payment and an estimated net savings of $1.1 million over the remaining life of the bonds. In January 2015, Fitch Rating Service affirmed the County's "AAA" rating for the Water and Sewer Revenue Refunding Bonds, Series 2009. The chart below shows the amount of debt per capita within the County. The Debt Per Capita has been steadily decreasing over the last 10 fiscal years. Debt Per Capita $1,071 £i $981 $910£ sfsf }1ztft ;�li, lrst, $862 3 7 { {;��c{StttSjt}t4 $8 p18 p 'f4i i2j�Si3�S�1� i'f�Itlstlli isssi�£ii i�u �£��sifiili�h{t>;�, tis Ttii+4 u#rrstl� t7 r iti��t71�t slits�+tttzit� tl{il{tttl� $756 �ittjirSs{lint ii{i1t t ,, lssillstis�tlils�f �Szt�ir�+tt�ifz£r} }�{4��4�+1�{f ti�tuu#��S�t���� t,r�tt;i£�t{�1# t �y�4'rt, it til�is' lt�ij�r{ jsis}� �£?4ti4{ifs ti£st s�{i{trot}�5�� n sts slffy��St1}ts jti}fx��s�j�jitEi£tI t�s `ss�a�trss' r`�£(i3}`lkssyfV �{i�7(r}il�{ t�2�£ii�ffssssitt'�{1 $666 £ is£?f i �t(r7(s lff t}}silf tti�it fl{}4�f£ }4Ii i?tt I{i �t f�r$S�f£fy£{t. £jt}��y�s4Sf`f}t7 'x£1£2�f`t4t`�i�Fls 4t�fflx;fJs€rfry}ih �11s'�r�£tt sift (ist�IiJ{3ss��S}t l{ �f�s ifsst�f{y�;£2 f4 trs tUiS ; �.i?tS#fan tSy ssf�s{s itf� v}srt5#stl}tt�h, s44trs�i 2: t;hs,Ig sstsil tti; ��tz�`�j}t1�}i}tf;. {sft�t fs}iS s{tttj£ti��tF�iis}S�} f`itt,�I�ti£filiiit?S5, 7ji}sft�rf��tf}�Fx }�s��t��s��iia�� i�tl���f�f�{£y��{��fY �€�#j�?;��jlstrt� a��1i13£�a�}���aJfat $58 1 {S rlit�tit�i t'£+i €?°s�s zsl4`fa�r7 Ittsg4ti��}s� rI v £�j sl t t�4}£ta�tt`}#¢ sniff�t�j��zsj; I�f �1£7 t}stti!t (11 { #rt � �fSs 1"lI1'x $523 i£It£4t#t£i, ,'snitr.i�)ant} �}�rf�£;tsrr} £}�tii5�ts��y }:1�t�3itit{it s,tstiis5s��; ys;iicil�3sr ,4r 1��t tt�, st��slis/t t�rb�+ifth tj,ssisits� r`,iptssrar7{tts int�)t' {itfti l s tr r,, i flv. ttffrtt�finft(t,� =,1i f�lsl{3;;js�i. tr.t�£{�i`,yr�ti3 tl tit.�4ffti}� '3�itit�y�t`s'{ ct i(,jtstiiiii£(rl ani 1�3f i0., {afSa<}s��tti�t£�{ t ialn((fi f`••:it�,�. ';<��ik51 77f j�(7,, sb£`tt#n4ts�ifst�l� f-7s1Jf 47t} i ter �,�i i� �tt 22$�yy 3 t�77 � i s �it, }� �1"t5:�f; �tSis�l�i��7�,cl jtt�f,�tii,ti� 4}����i�i�ti�t�, .4?ts�sls�{tt}}77t, i1�€I£+fft��•�3 ti�a r �t a1,t�,ttz:tiir ������ifi }� jf i�intts�t 5a�{IstS}t'fj}7, n{,t}'�k�1",t,,�fs, lit 41sf�t{��t Ft;3�,tr.afitrs �.s�a}��<�Sps n�2i,{1,ft^4,,1tr1, J s,{f,,tta(,{<tts, i#J 4 S�tt7�j $412 4,r,islriitf,, tiit�lnl}tiy l,�t t,4risr��„{, i,�t.tft,,�ii���ytf ��,�s£(fsr�s�.�}. t3g�}rEif�itt:{ ittt?r,�l).��4 k{{�.��rrft3t{ f24,iis���i ;iso{i£�titri:ti= r�4iSs1{yI, =tt,�tt=},;J;,;,t s;itii,t�)s3 „turf*�5�.�.g;1S �Ir} ti?tsst°3� rls#q�i��ps{ ft�s{fr•���yti, S�ss�f� rt' st��ttfiss��nr >3tcr,,,,,'�f£i,4,� ets�ir{t�tA,3dt, f.j�t�(#=#ifsri �iir,,,�1ttitr, �z rft7tt„t tit�a tr,} trtt,£,,.fsttl..�;p t.ilt,t� .,a c. si)t tI t}f..tF;t� ti 1£sr��tik, tztFt� �„i s ti�,,Tt, i �iti>is„r,t, lsiifi irrs�> {f tdt;r `fr<t: tlrstl�s t��s�#rrs�,itr,. >,;;}r}it �j�lf, s�ftsi{tir ��.�tnt�i2>.0 }ar�tll.�<tt 1t£f�i.,, ,,.,S,,tft }t rzi)st4 :lett fn„���ti$,f, 4estF,4�.tt��St 1ltfisety.tf 4„rfs7�4}t`�la' i- �afnd:r tjt13,£�,�1<t �tttiiit<„7tt t.0 ,t,,ir,,, fiat ��lz o 4, i l� t,t�.,,y ts�£Iffi 4 ftrft�,<;ut l}titttit's�sri� 's,;}73}4ttt1� f,,, rtt�r„ t�ijt,,r�.t,;rt� s{t�£s4ttts( iftttisr�t�t ��,}3?,l�,,,,, {t�11,21r�rsu lf}nsts 3;;t,rl,ti�t, ilii tit.,,, Sttt+..+„ 1ltt�f,lts;, tts r:1 ,aa,�ttt�tSisfit 1 Pert �',=�tlZltl},.�1 £{s,u�if.,s<,;.t ir.tttsu ti.£�ryr�st.�;�. #131 £1a„ fttifsrt,ftl�., ttstt isitii{£<} tsili .1{sn„ i,r�ttw1��,,1 s,�r{iik}i�, k.1<1s,,,n„i,I,t,� i,„#�,i,�S 1li:isttiF. vtri�iat,,,lt� ift ss�l s� .;n}lsi rit� t.to sya;1�� ,,,.��t�s,.t,i,.,i i� �ith,i�isrtti�isf�ra tl7tlar t `t<,rr.y,ssr;y.£,� „ti�,a,r;,�.t 3�mtt ctt Ttw tt£t,f3'�5tt�{`.,, t tiv)s 1n :'s.�2ft�litt,t �.fii1i475{�;,� ,£{ � lt} 3q.;.i iii l,l,k,t ,rzm�i�ra+r���+, t:�,.;tt,:i(��,k� {? �i}.�•tii.. t�.{t Ji4}t ,);i.cd yi4alk(, .td t�t h' £;�;� ft !e�$ lu}:}?ri:�• +t1.2sI�.1lr r-tss,,3l���t�i.� lhft,i2��, ao�s stt�sr �4sifttll�rs: ,4lztisst�fstt (}s~•S,i`51�4!{l.S� .s{£ci`tn1.}i 4.�ftizti} 7 .i l,t{t{t.t;}S ss;4.1� �4t t.,�,�s+tf..I<.;r}, i{,t}�i11} ;;+t•.����.....;” ,Zf{ta,tr, filrt.i3 i<�{� }tt�t��tz�,rt},? jsf{ii..i�7 'es tfi.tt P,.k #9��sr„3t £,t4£tni4�min �s,„7,£t.slt sf)..tt.Yj ,ts{a�„rtt��<'sltrf t7�str.ltf��}t isr�}r£rit,ti, t;rt�,itlr; t illft�li�. ,,,.,tfiti�.fiii�, t s1�f t�£�5ti .t.z,��t tt't. S.t�>�•1�„Yy,r#z, ..st}{l r � ,<,r,>F�I�i ifisz t}� S st�}t�t.ls, r�l.itt.lts 5::5�fS,af�i�}t: ��ii 4i tts, tnrt t,S1=„ it}tt@ii�s. f�ttt'fttf2t.� k.�itSE}�rr..<s'� t�ittf�{7,{� rs;;r{,i Lr„f,�.. .r<S�.iti<)t itit�S� i�;° �tr�tl?{t£I�. 4ii�f4t�tts�i �ti4tl7ir�itta;{ 1af�fstl�t «iy Iii tt{t{tr� tr>,.�},i;�,<t�ti.t� :s+3 s.t{ti ,1 r.ttr s}�{}si}si.i .Sa7t rF}} fi,.<>i stStty,n, ..4t t`t a�t, a�ssi tsti�f'. lf 9m 'WMR$£31i1� £.tr ,�,, jra>m zii {}{f ssttfitltsd�Ela ttf�itii;`r,Yl�s?,i h 4slsi�it sa4ir itt�ila}t }jtsials #}tf#tY�?£tj� ii,S;#�p a,u �ti3 �£�;i �,{,tI}f z,t {ttaltr;{' yfilxiln�#r 1�ut1`<<itsr,lfis,Jr .tsi �tstfti 1 Is£tstli,;t.,tt3 :124i14sr,;•tt t i € t�tifct t�slf, tt}tFr11.,'I.i£ cjjz��t,r£rils'ls', z t��5 ai ,,�;9{i��itlfj s�sl7, ;i /t#, r,.,a ��� s4t)s ;it i lli�t�,. sst t S j r is{ti t'{ryk2s�s;; �nls��#tfl ilf (t� �1`t ��„r1 �Irl`••••,,f�t{�4t ti;t�its ��1 �tf£t�sfs� rife t 4rstasl t `:fit�ti4�t�ti� �.,r�:,=r 2006 2007 2008 2009 2010 2011 2012 2013. 2014 2015 17 i In accordance with the Florida Statutes, the County adopted investment policies which guides the investment of County funds. These policies establish investment objectives, maturity and liquidity requirements, portfolio composition, { risk and diversification requirements, and authorized investments. The primary objectives of investment activities are to preserve capital and maintain sufficient liquidity to meet anticipated cash flow needs. � , t The Clerk invests the surplus funds in accordance with the policy guidelines and earned $1.7 million in interest income in fiscal year 2015. As of September 30, 2015, the County's investment portfolio was invested in the categories listed in the chart below. The fair market value of the investments was $289 million and the weighted average maturity was 0.71 years. Fellsmere water tower Photo courtesy oflndianRiverByAir.com U.S.Treasuries $104,150,113 36.05% t U.S.Agencies 87,477,535 30.26% lot Money Market 68,766,619 23.79% Certificates of Deposit(CD) 16,593,038 5.74% Florida Local Government 11,984,722 4.15%' Investment Trust Fund(FLGIT) Other Market Rate Investments 26,3444 ,01% '{5 � �' ) g ! J���� CDs, 5.74% ' FLGIT,4.15% �fOther,0.01% Investment Balances -In Millions as of September 30 $443.3 $379.0 $301.6 $279.7 $292.9 $300.3 $285.7 $284.4 $284.3 $289.0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 18 County Elected Officials Federal Elected Officials State Elected Officials Clerk of the Circuit Court and United States Senator Governor County Comptroller Bill Nelson Rich Scott' Jeffrey R.Smith .billnelson.se ate®,gov afl ov-eo www.clerk.indian®riv� 1-888-671-4091 850-488-7146 Indian River County Courthouse 2000161h Ave. United States Senator Lieutenant Governor Vero Beach,FL 32960 Marco Rubio Carlos Lopez-Cuntera 772-770-5185 ww�v.ru io.senate. ov Effff ov.co 1-866-630-7106 850-488-7146 Board of County Commissioners Wesley S.Davis—District I United States Representative Attorney General Joseph E.Fleseher—District 2 District 8 Pam Bondi Tim Zorc—District 3 Bill Poseywww.myfloridalegal.com Peter D.'O'Bryan—District 4 www. ose .house. oy 1-866-966-7226 Bob Solari—District 5 772-226-1701 w.ireggy. ,,com Chief Financial Officer Indian River County; Jeff Atwater Administration Building A ,��° www.mvfloridacfo.com 1801 27h St. r}`' 1-877-693-5236 Vero Beach,FL 32960 772-226-1490 . '; Commissioner of Agriculture Adapt Putnam Property Appraiser rrak www.freshfromflorida.co David CNoltei 1-800-435-7352 jy ire a.qr Indian River County State Attorney Administratiori,Building B -' 19th Judicial Circuit 1800 27K St.' y' Bruce Colton Vcroi Beach,FL 32960 772-567-8000,;ext. 1469 ffyM saol .or 772-226-3300 $7s^ Tax Collector Public Defender Carole Jean Jordan 1� Judicial Circuit www.irctax.com Diamond R bitty i Indian River County' w.pd9 ori Administration Building B �- ; 772-770-5080 1800 27�h St. Vero Beach,FL 32960 .` 772-226-1338 y,,� State Senate ' 'District 16 { Thad Altman Supervisor of Elections www.tlsenate. ov/senators s1 772-571-6115 Leslie Rossway Swan www.voteindianriver.com ,d State Senate—District 32 4375 43 Ave. Vero Beach,FL 32967 Joe Negron 772-226-3440 www.flsenate.Lyov/senators/s32 772-219-1665 Sheriff Deryl Loar House of Representatives District 54 www.ireshcriffor� 4055 41"Ave. Debbie Mayfield Vero Beach FL 32960 wwv<mvfloridahouse. o _ 772-569-6700 772-778-5077 " r r w� �A. Liabilities Debts and obligations of the County. ?: V�. �I�� t f 1 st,r t 1.a Long-term Liabilities Includes such items as bonds, notes, compensated absences, and other County obligations. Net Investment in Capital Assets Represents amounts invested in capital assets less accumulated depreciation and any outstanding debt used to acquire these assets. Net Position Net worth of the County calculated as the difference between total assetsplus deferred outflows of Assets resources, less liabilities and deferred inflows of What is owned by the County. Includes such items as resources. pooled cash and investments, receivables, inventories, deposits with others, and prepaid items. Operating Grants/Contributions State, federal, other government and private Capital Assets contributions to fund specific programs. Includes such items as County land, construction in progress, equipment, infrastructure and buildings, and Per Capita improvements net of depreciation. Amount per County resident. Capital Grants/Contributions Program Revenues State, federal, other government and private Term used in the statement of activities, which includes contributions to fund capital projects. charges for services, operating grants, and capital grants. Fund Balance The difference between assets plus deferred outflows of Refunding resources, less liabilities and deferred inflows of New bonds or notes issued to retire previously issued resources reported in the balance sheet of a bonds on their maturity or callable date. governmental fund. Restricted General Revenues Funds set aside for a specific purpose due to legal or All of the revenues that are not required to be reported external requirements. as program revenues in the government-wide statement of activities. General revenues include property taxes, Unrestricted sales and use taxes, state-shared revenues, as well as Funds available for the County to use for operations. other County—levied taxes, investment income, rents, and the sale of surplus property. Skydiver over Indian River County. Photo courtesy of IndianRiverByA ir.com 20 For more information about the Indian River County Clerk of the Circuit Court and Comptroller, visit the Clerk's website at w .cler ®i ` i ®riveror To search Court Records: b!W-.—//Dublic.indian-river.org To search Official Records: ht ://dri.indian-riveno For Foreclosure Auctions: www.indian-river.realforeclose.com For Tax Deed Auctions: www.indiai,i-river.realtaxdeed.com To Apply for a Marriage License: ltee//diair� i�r�-ri�cr.€�r / �rrieki�asl To Make Court Payments: inianrivereo fix.ccs To Enroll in Property Fraud Alert: ori.indian-river.org/frau alert Alligator in the St. Sebastian Preserve. 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