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HomeMy WebLinkAbout2025-086Annual Financial Report for Indian River, 2024 JIMMY PATRONIS CHIEF FINANCIAL OFFICER STATE OF FLORIDA Florida Department of Financial Services ANNUAL FINANCIAL REPORT FISCAL YEAR 2023-2024 SUBMITTING ENTITY: Indian River SUBMITTING ENTITY TYPE: County ENTITY DEPENDENCY. Independent AFR RECEIVED DATE: unresolved: @afr.receiveddate AUDIT RECEIVED DATE: 3/19/2025 Location Information 1801 27th Street Vero Beach,FL 32960 Phone Number: (772) 226-1219 AUDIT INFORMATION Rehmann Firm Location Information 5070 North Highway AIA,Suite 250 Vero Beach,FL 32963 Phone number:(772) 234-8484 Contact Information Raeanne Cone Phone Number:(772) 226-1219 LONG-TERM DEBT $31,779,396 3/31/2025 2:08:25 PM Page 1 of 18 Annual Financial Report for Indian River, 2024 CERTIFICATION Chief Financial Officer K /Wptro, Have you experienced a Financial Emergency in this year? Title: Clerk of the Circuit Court & Co Name: Ryan L. Butler ❑ Yes ® No Chairman/Elected Official •;`,�y ce�.ye you complied with Section 218.503(2), F.S.? Title: Chairman Board of Coun Commis 'oners Name: Joseph E. Flescher •* ❑ Yes ❑ No *c APPRO ED AS TO FORM :o � AND LEGAL SUFFICIENCY `'�ER coin By— NIFE SHULER OUNTY ATTORNEY Attest: Ryan L. Butler, Clerk of Circuit Court and Comptroller Br• �PUtY Clerk 3/31/2025 2:08:25 PM Page 2 of 18 Annual Financial Report for Indian River, 2024 3/31/2025 2:08:25 PM Page 3 of 18 Governmental Funds Balance Sheet r. General �. , Special Debt Revenue Service Capital Projects Total Permanent Assets 101.000 - Cash In Bank $109,977,611 $166,486,456 $674,848 $108,802,763 $385,941,678 115.100 -Accounts Receivable $3,283,489 $6,035,750 $10,405 $9,329,644 121.000 -Assessments Receivable $122,183 $122,183 131.000 - Due From Other Funds $5,938,500 $514,754 $6,453,254 133.000 - Due From Other Governmental Units $3,525,514 $13,764,261 $5,603,094 $22,892,869 135.000 -Interest And Dividends Receivable $755,335 $1,080,723 $4,827 $745,097 $2,585,982 141.000 - Inventories - Materials And Supplies $366,099 $155,192 $521,291 155.000 - Prepaid Items $303,059 $304,101 $607,160 Total $124,149,607 $188,463,420 $679,675 $115,161,359 $428,454,061 Liabilities 202.000 - Accounts Payable $8,587,940 $7,665,489 $5,047,669 $21,301,098 207.000 - Due To Other Funds $674,321 $5,941,120 $6,615,441 208.000 - Due To Other Governmental Units $2,629,815 $1,375,996 $27,916 $4,033,727 220.000 - Deposits $4,240,400 $989,642 $5,230,042 223.000 - Deferred Revenue $632,977 $8,944,125 $9,577,102 Total $16,765,453 $24,916,372 $0 $5,075,585 $46,757,410 Deferred Inflows 290.000 - Deferred Inflow of Resources $2,718,946 $17,609,252 $2,139 $1,586,880 $21,917,217 Total $2,718,946 $17,609,252 $2,139 $1,586,880 $21,917,217 Fund Balances 280.000 - Fund Balance - Nonspendable $669,158 $459,293 $1,128,451 281.000 - Fund Balance - Restricted $748,645 $132,823,694 $677,536 $108,498,894 $2429748,769 282.000 - Fund Balance - Committed $702,800 $3,243,881 $3,946,681 283.000 - Fund Balance - Assigned $19,004,286 $19,004,286 284.000 - Fund Balance - Unassigned $102,544,605 $-9,593,358 $92,951,247 Total $104,665,208 1$145,937,796 1$677,S36 $108,498,894 $359,779,434 3/31/2025 2:08:25 PM Page 3 of 18 Annual Financial Report for Indian River, 2024 3/31/2025 2:08:25 PM Page 4 of 18 Governmental Funds Revenues x. Total Special Debt Capital General Revenue Service Projects Permanent 311.000 - Ad Valorem Taxes $107,455,061 $49,748,227 $157,203,288 312.130 - Tourist Development Taxes $4,676,725 $4,676,725 312.300 - County Ninth -Cent Voted Fuel Tax $192,241 $192,241 312.410 - (1 To 6 Cents Local Option Fuel Tax) $3,713,205 $3,713,205 312.630 - Local Government Infrastructure Surtax $28,074,542 $28,074,542 315.100 - State Communications Services Tax $1,088,588 $1,088,588 316.000 - Local Business Tax (Formerly Local Occupational License Tax - 321.000) $167,137 $167,137 322.000 - Building Permits (Building Permit Fees) $445,053 $445,053 323.100 - Franchise Fee - Electricity $8,894,201 $8,894,201 323.300 - Franchise Fee - Water $2,336,490 $2,336,490 323.400 - Franchise Fee - Gas $194,089 $194,089 323.700 - Franchise Fee - Solid Waste $794,197 $794,197 324.110 - Impact Fees - Residential - Public Safety Residential Buildings $576,797 $576,797 Flat Fees 324.120 - Impact Fees - Commercial - Public Safety Office Buildings $8,686 $8,686 Tiered Scale Based on Square Footage Retail Buildings $25,257 $25,257 Tiered Scale Based on Square Footage Institutional Civic Buildings $-117 $-117 Tiered Scale Based on Square Footage Industrial Buildings $25,979 $25,979 Tiered Scale Based on Square Footage 324.310 - Impact Fees - Residential - Transportation Residential Buildings $8,203,415 $8,203,415 Flat Fees 324.320 - Impact Fees - Commercial - Transportation Office Buildings $207,858 $207,858 Tiered Scale Based on Square Footage Retail Buildings $299,143 $299,143 Tiered Scale Based on Square Footage Institutional Civic Buildings $-3,917 $ 3,917 Tiered Scale Based on Square Footage Industrial Buildings $370,316 $370,316 Tiered Scale Based on Square Footage 324.610 - Impact Fees - Residential - Culture/Recreation Residential Buildings $899,354 $899,354 Flat Fees 324.910 - Impact Fees - Residential - Other Residential Buildings $819,892 $819,892 Flat Fees 324.920 - Impact Fees - Commercial - Other Office Buildings $8,009 $8,009 Tiered Scale Based on Square Footage Retail Buildings $18,612 $18,612 Tiered Scale Based on Square Footage Institutional Civic Buildings $-214 $ 214 Tiered Scale Based on Square Footage 3/31/2025 2:08:25 PM Page 4 of 18 Annual Financial Report for Indian River, 2024 Governmental Funds Revenues General Special Debt Revenue Service 0 Capital Projects Permanent Total Industrial Buildings Tiered Scale Based on Square Footage $18,747 $18,747 325.100 - Special Assessments - Capital Improvement $245,818 $245,818 325.200 - Special Assessments - Charges For Public Services $273,626 $273,626 329.500 - Other Permits, Fees And Special Assessments $34,881 $550,570 $585,451 331.200 - Federal Grant - Public Safety $80,056 $350,930 $430,986 331.420 - Federal Grant - Mass Transit $5,059,970 $777,367 $854,427 $6,691,764 331.490 - Federal Grant - Other Transportation $8,724,268 $8,7249268 331.500 - Federal Grant - Economic Environment $250,619 $1,436 $2529055 331.510 - Federal Grant ARPA Funds $8,022,356 $8,022,356 331.620 - Federal Grant - Public Assistance $1,148,824 $1,148,824 331.690 - Federal Grant - Other Human Services $60,716 $3,499,258 $3,559,974 331.700 - Federal Grant - Culture/Recreation $4,239,550 $348,500 $4,588,050 333.000 - Federal Payments In Lieu Of Taxes $35,134 $35,134 334.100 - State Grant - General Government $402,120 $402,120 334.200 - State Grant - Public Safety $138,918 $136,021 $274,939 334.390 - State Grant - Other Physical Environment $118,457 $118,457 334.420 - State Grant - Mass Transit $1,549,456 $845,357 $2,394,813 334.490 - State Grant - Other Transportation $1,710,156 $1,710,156 334.690 - State Grant - Other Human Services $1,002,913 $1,002,913 334.700 - State Grant - Culture/Recreation $60,962 $64,600 $125,562 335.121 - County Revenue Sharing Program - Proceeds $5,835,531 $5,835,531 335.130 - State Revenue Sharing - Insurance License Tax (AKA Insurance Agents County Licenses) $57,234 $57,234 335.140 - State Revenue Sharing - Mobile Home Licenses $101,442 $101,442 335.150 - State Revenue Sharing -Alcoholic Beverage Licenses $72,741 $72,741 335.160 - State Revenue Sharing - Distribution Males And Use Taxes To Counties (Formerly: Pan -Mutual Tax Distribution) $446,500 $446,500 335.180 - State Revenue Sharing - Local Government Half -Cent Sales Tax Program $13,766,052 $13,766,052 335.190 - State Revenue Sharing - Other General Government $21,754 $478,250 $500,004 335.210 - State Revenue Sharing - Firefighter Supplemental Compensation $72,595 $72,595 335.220 - State Revenue Sharing - Enhanced 911 Fee (Previously: Wireless 911 Board Distributions) $1,015,358 $1,015,358 335.430 - State Revenue Sharing - Constitutional Fuel Tax (2Cent Fuel Tax) $1,924,099 $1,924,099 335.440 - State Revenue Sharing - County Fuel Tax (Kent Fuel Tax) $839,652 $839,652 335.450 - State Revenue Sharing - Fuel Tax Refunds And Credits $168,702 $168,702 335.610 - State Revenue Sharing - Health Or Hospitals $1,000 $1,000 335.700 - State Revenue Sharing - Culture/Recreation $65,405 $65,405 337.200 - Local Government Unit Grant - Public Safety $34,974 $34,974 337.300 - Local Government Unit Grant - Physical Environment $1,167 $1,167 337.700 - Local Government Unit Grant - Culture/Recreation $75,000 $161,932 $236,932 341.100 - Service Charge - Recording Fees $705,666 $679,386 $19385,052 341.300 - Administrative Service Fees $444 $444 341.520 - Fees Remitted To County From Sheriff $1,988,725 $199889725 341.550 - Fees Remitted To County From Supervisor Of Elections $3,906 $3,906 341.900 - Other General Government Charges And Fees $3,811,946 $3,811,946 342.200-S ice Charge - Fire Protection $784,653 $784,653 342.300 - Service Charge - Housing For Prisoners $102,749 $387,427 $490,176 342.600 - Service Charge - Ambulance Fees $6,976,481 $69976,481 3/31/2025 2:08:25 PM Page 5 of 18 Annual Financial Report for Indian River, 2024 Governmental Funds Revenues r General �; Special Revenue Debt Capital Service Projects 0 Total Permanent 343.700 - Service Charge - Conservation And Resource Management $2,000 $2,000 344.900 - Service Charge - Other Transportation Charges $47,646 $47,646 346.900 - Service Charge - Other Human Services Charges $113,375 $113,375 347.200 - Service Charge - Parks And Recreation $1,456,623 $1,456,623 347.500 - Service Charge - Special Recreation Facilities $579,648 $579,648 348.120 - County Court Criminal - Service Charges $8,621 $8,621 348.130 - County Court Criminal - Court Costs $109,398 $109,398 348.140 - County Court Criminal - Non -Local Fines And Forfeitures $4,491 $4,491 348.210 - Circuit Court Criminal - Filing Fees $52,660 $52,660 348.220 - Circuit Court Criminal - Service Charges $1,570 $1,570 348.230 - Circuit Court Criminal - Court Costs $149,460 $149,460 348.310 - County Court Civil - Filing Fees $626,716 $626,716 348.320 - County Court Civil - Service Charges $11,106 $11,106 348.410 - Circuit Court Civil - Filing Fees $354,355 $354,355 348.420 - Circuit Court Civil - Service Charges $209,221 $209,221 348.520 - Traffic Court - Service Charges $125,898 $35,278 $161,176 348.530 - Traffic Court - Court Costs $363,492 $363,492 348.610 - Juvenile Court - Filing Fees $860 $860 348.620 - Juvenile Court - Service Charges $8,373 $8,373 348.630 - Juvenile Court - Court Costs $7,710 $7,710 348.710 - Probate Court - Filing Fees $252,830 $252,830 348.720 - Probate Court - Service Charges $17,153 $17,153 348.921 - Court Innovations/Local Requirements $95,564 $95,564 348.923 - Law Library $31,855 $31,855 348.930 - State Court Facility Surcharge ($30) $46,664 $134,700 $181,364 348.931 - Traffic Surcharge $52,886 $52,886 349.000 - Other Charges For Services $25,985 $101,920 $1279905 351.100 - Judgments And Fines - As Decided By County Court Criminal $378,591 $378,591 351.200 - Judgments And Fines - As Decided By Circuit Court Criminal $261,644 $261,644 351.300 - Judgments And Fines - As Decided By County Court Civil $18,411 $18,411 351.500 - Judgments And Fines - As Decided By Traffic Court $453,235 $453,235 351.700 - Intergovernmental Radio Communication Program $94,134 $94,134 351.800 - 10% Of Fines To Public Records Modernization Fund $163,224 $163,224 352.000 - Fines - Library $11,520 $11,520 354.000 - Fines - Local Ordinance Violation $350,352 $404,056 $7549408 358.200 - Sale Of Contraband Property Seized By Law Enforcement Include Proceeds From Assets Seized By Law Enforcement Agencies $38,235 $38,235 361.100 - Interest $7,721,489 $8,609,669 $37,412 $5,772,222 $22,140,792 362.000 - Rents And Royalties $404,892 $44,484 $449,376 364.000 - Disposition Of Fixed Assets $84,372 $38,832 $123,204 366.000 - Contributions And Donations From Private Sources $171,520 $160,572 $332,092 367.000 - Licenses $147,160 $147,160 369.300 - Settlements $99,852 $1,681 $101,533 369.350 - Settlements - Opioid Settlement Trust Fund $305,751 $305,751 369.900 - Other Miscellaneous Revenues $4,530,447 $1,737,000 $694,895 $6,962,342 381.000 - Inter -Fund Group Transfers In $3,044,033 $21,048,156 $24,092,189 383.100 - Lease Proceeds $5,634,997 $46,978 $5,681,975 3/31/2025 2:08:25 PM Page 6 of 18 Annual Financial Report for Indian River, 2024 Governmental Funds Revenues . Special Debt Capital General Revenue Service Projects Total Permanent 384.000 -Debt Proceeds $24,999,451 $24,999,451 Total $184,031,869 5163,946,550 5515,662 544,468,854 5392,962,935 3/31/2025 2:08:25 PM Page 7 of 18 Annual Financial Report for Indian River, 2024 3/31/2025 2:08:25 PM Page 8 of 18 Governmental Funds Expenditures General Special Debt Revenue Service 9 Capital Projects Permanent Total 511.00 - Legislative 10 - Personnel Services $1,086,984 $1,086,984 30- Operating Expenditures/Expenses $323,886 $323,886 512.00 - Executive 10 - Personnel Services $1,111,826 $1,111,826 30 - Operating Expenditures/Expenses $111,078 $111,078 513.00 - Financial And Administrative 10 - Personnel Services $8,426,632 $8,426,632 30 - Operating Expenditures/Expenses $3,640,812 $3,880,672 $7,521,484 60 - Capital Outlay $68,960 $68,960 70 - Debt Service $394,637 $394,637 514.00 - Legal Counsel 10 - Personnel Services $911,555 $911,555 30 - Operating Expenditurea/Expenses $168,249 $168,249 515.00 - Comprehensive Planning 10- Personnel Services $1,629,141 $462,362 $2,091,503 30 - Operating Expenditures/Expenses $819,417 $435,190 $1,254,607 60 - Capital Outlay $14,274 $14,274 70 - Debt Service $2,973 $2,973 80 - Grants And Aids $121,190 $121,190 517.00 - Debt Service Payments 70 - Debt Service $168,370 $478,250 $646,620 519.00 - Other General Governmental Services 10- Personnel Services $7,458,674 $514,824 $7,973,498 30 - Operating Expenditures/Expenses $5,050,221 $373,562 $5,423,783 60 -Capital Outlay $191,199 $111,804 $4,023,373 $4,326,376 70 - Debt Service $57,875 $64,296 $122,171 80 - Grants And Aids $285,453 $285,453 521.00 - Law Enforcement 10 - Personnel Services $37,566,525 $4,796,760 $42,363,285 30 - Operating Expenditures/Expenses $8,938,635 $8,938,635 60 - Capital Outlay $6,452,566 $6,452,566 70 - Debt Service $1,896,467 $1,896,467 522.00 - Fire Control 10 - Personnel Services $44,749,045 544,749,045 30- Operating Expenditures/Expenses $7,974,738 $7,9749738 60 - Capital Outlay $2,883,976 $1,986,877 $4,870,853 70 - Debt Service $69,855 $69,855 80 - Grants And Aids $12,108 $12,108 523.00 - Detention And/Or Correction 10- Personnel Services $16,583,171 $16,583,171 30 - Operating Expenditures/Expenses $4,703,048 $4,703,048 60 - Capital Outlay $657,172 $657,172 524.00 - Protective Inspections 10 - Personnel Services $589,175 $589,175 30 - Operating Expenditures/Expenses $126,579 $126,579 3/31/2025 2:08:25 PM Page 8 of 18 Annual Financial Report for Indian River, 2024 3/31/2025 2:08:25 PM Page 9 of 18 Governmental Funds Expenditures r.. General Special Revenue Debt Capital Service Projects Permanent Total 60 - Capital Outlay $28,454 $28,454 70 - Debt Service $1,259 $1,259 525.00 - Emergency And Disaster Relief Services 10 - Personnel Services $781,228 $197,889 $979,117 30 --Operating Expenditures/Expenses $156,145 $415,779 $571,924 60 - Capital Outlay $42,443 $42,443 70 - Debt Service $20,660 $20,660 527.00 - Medical Examiners 30 - Operating Expenditures/Expenses $800,582 $239,349 $1,039,931 529.00 - Other Public Safety 30 - Operating Expenditures/Expenses $9,113 $9,113 534.00 - Garbage/Solid Waste Control Services 30 - Operating Expenditures/Expenses $160,357 $160,357 536.00 - Water/Sewer Combination Services 30 - Operating Expenditures/Expenses $3,371 $3,371 60 - Capital Outlay $1,948,139 $1,948,139 537.00 - Conservation And Resource Management 10 - Personnel Services $740,943 $740,943 30 --Operating Expenditures/Expenses $110,855 $83,599 $194,454 60 - Capital Outlay $45,663 $60,790 $106,453 538.00 - Flood Control/Stormwater Management 10 - Personnel Services $771,324 $771,324 30- Operating Expenditures/Expenses $322,377 $322,377 60 - Capital Outlay $15,317 $15,317 539.00 - Other Physical Environment 60 - Capital Outlay $671,006 $671,006 541.00 - Road And Street Facilities 30 - Operating Expenditures/Expenses $10,641 $10,731,378 $10,742,019 60 - Capital Outlay $1,852,705 $7,768,868 $21,065,512 $30,687,085 80 - Grants And Aids $7,226,586 $20,148 $7,246,734 10 - Personnel Services $10,237,872 $10,237,872 70 - Debt Service $424 $424 552.00 - Industry Development 80 - Grants And Aids $204,826 $204,826 553.00 - Veteran's Services 10 - Personnel Services $256,022 $256,022 30 - Operating Expenditures/Expenses $43,917 $43,917 80 - Grants And Aids $99,170 $999170 562.00 - Health Services 10 - Personnel Services $732,720 $732,720 30- Operating Expenditures/Expenses $106,095 $106,095 60 - Capital Outlay $99,634 $99,634 80 - Grants And Aids $556,725 $556,725 563.00 - Mental Health Services 80 - Grants And Aids 1 $381,126 $381,126 564.00 - Public Assistance Services 10 - Personnel Services 1 $130,420 $317,054 $447,474 3/31/2025 2:08:25 PM Page 9 of 18 Annual Financial Report for Indian River, 2024 3/31/2025 2:08:25 PM Page 10 of 18 Governmental Funds Expenditures General Special Revenue 0 Debt Capital Service Projects Permanent Total 30 - Operating Expenditures/Expeases $1,560,625 $4,352,254 $5,912,879 80 - Grants And Aids $260,956 $6,960 $267,916 70 - Debt Service $1,168 $1,168 569.00 - Other Human Services 10 - Personnel Services $142,832 $185,240 $328,072 30 - Operating Expenditures/Expenses $12,466 $90,814 $103,280 60 - Capital Outlay $18,852 $18,852 70 - Debt Service $2,707 $2,707 80 - Grants And Aids $3,311,664 $2,113,553 $5,425,217 571.00 - Libraries 10 - Personnel Services $3,024,443 $3,024,443 30- Operating Expenditures/Expenses $1,062,852 $1,062,852 60 - Capital Outlay $42,955 $42,955 572.00 - Parks And Recreation 10 - Personnel Services $6,915,799 S277,921 $7,193,720 30- Operating Expenditures/Expenses $3,145,184 $2,170,083 $5,315,267 60 -Capital Outlay $364,348 $10,933,253 $4,139,380 $15,436,981 80 -Grants And Aids $162,945 $1,548,415 $1,711,360 575.00 - Special Recreation Facilities 30 - Operating Expenditures/Expenses $237,536 $237,536 60 - Capital Outlay $2,962,043 $2,962,043 58 1.00 - Interfund Group Transfers Out 90 - Other Uses $17,938,413 $2,250,160 $4,239,543 $24,428,116 601.00 - Court Administration 30 - Operating Expenditures/Expenses $32,564 $32,564 80 - Grants And Aids $71,330 $71,330 602.00 - State Attorney Administration 80 - Grants And Aids $92,482 $280,896 $373,378 603.00 - Public Defender Administration 80 - Grants And Aids $2,965 $87,641 $90,606 604.00 - Clerk Of Court Administration 10 - Personnel Services $667,745 $667,745 30 - Operating Expenditures/Expenses $823,101 $823,101 60 - Capital Outlay $29,190 $29,190 605.00 - Judicial Support 30 - Operating Expenditures/Expenses $756,027 $756,027 607.00 - Appeals 10 - Personnel Services $65,641 $65,641 30 - Operating Expenditures/Expenses $31 $31 608.00 - Jury Management 10 - Personnel Services $105,585 $105,585 30 - Operating Expenditures/Expenses $22,040 $22,040 614.00 - Clerk Of Court - Circuit Criminal 10 - Personnel Services $515,491 $515,491 30 - Operating Expenditures/Expenses $8,074 $8,074 629.00 -Other Circuit Courl-Criminal Costs 10 - Personnel Services $147,950 1 $147,950 3/31/2025 2:08:25 PM Page 10 of 18 Annual Financial Report for Indian River, 2024 3/31/2025 2:08:25 PM Page 11 of 18 Governmental Funds Expenditures r , General Special Debt Capital Revenue Service Projects Total Permanent 30- Operating Expenditures/Expenses $224,304 $224,304 634.00 - Clerk Of Court Administration - Circuit Civil 10 - Personnel Services $201,830 $201,830 30 - Operating Expenditures/Expenses $1,905 $1,905 654.00 - Clerk Of Court Administration- Circuit Family 10 - Personnel Services $380,325 $380,325 30 - Operating Expenditures/Expenses $7,983 $7,983 657.00 - Court Interpreters - Circuit Family 80 - Grants And Aids $99,037 $99,037 667.00 - Court -Based Victim Services 10 - Personnel Services $92,343 $92,343 30 - Operating Expenditures/Expenses $173 $173 674.00 - Clerk Of Court Administration - Circuit Juvenile 10 - Personnel Services $304,633 $304,633 30 - Operating Expenditures/Expenses $4,532 $4,532 685.00 - Guardian Ad Litem - Circuit Juvenile 30 - Operating Expenditures/Expenses $32,601 $7,977 $40,578 694.00 - Clerk Of Court Adminstration - Probate 10 - Personnel Services $201,219 $201,219 30 - Operating Expenditures/Expenses $10,385 $10,385 711.00 - Courthouse Security 10 - Personnel Services $3,720,702 $3,720,702 30 - Operating Expenditures/Expenses $104,966 $104,966 713.00 - Information Systems 10 - Personnel Services $34,994 $34,994 30 - Operating Expenditures/Expenses $69,850 $69,850 714.00 - Public Law Library 10 - Personnel Services $71,377 $71,377 30 - Operating Expenditures/Expenses $12,144 $12,144 724.00 - Clerk Of Court Administration - County Criminal ] 0 -Personnel Services $114,160 $114,160 30 - Operating Expenditures/Expenses $1,834 $1,834 734.00 - Drug Court - County Criminal 80 - Grants And Aids $119,825 $119,825 744.00 - Clerk Of Court Administration - County Civil 10 - Personnel Services $241,511 $241,511 30 - Operating Expenditures/Expenses $11,420 $11,420 764.00 - Clerk Of Court Administration - Traffic 10 - Personnel Services $501,577 $501,577 30 - Operating Expenditures/Expenses 1 $4,405 1 $4,405 Total 1 $171,327,119 $1179826,228 $478,250 $35,973,453 1$335,605,050 3/31/2025 2:08:25 PM Page 11 of 18 Annual Financial Report for Indian River, 2024 3/31/2025 2:08:25 PM Page 12 of 18 Proprietary Funds Balance Sheet o ., ., , , A. Enterprise qp Internal Service Total Assets 101.000 - Cash In Bank $134,778,483 $46,936,187 $181,714,670 115.100 -Accounts Receivable $6,760,286 $247,823 $7,008,109 121.000 -Assessments Receivable $832,148 $832,148 131.000 - Due From Other Funds $162,187 $162,187 133.000 - Due From Other Governmental Units $627,254 $21,338 $648,592 135.000 - Interest And Dividends Receivable $913,731 $309,420 $1,223,151 141.000 - Inventories - Materials And Supplies $2,775,888 $391,299 $3,167,187 155.000 - Prepaid Items $52,660 $2,998,232 $3,050,892 156.900 - Assets - Non -Current $220,783 $48,783 $269,566 161.900 - Land $32,639,716 $32,639,716 162.900 - Buildings $510,487,268 $56,869 $510,544,137 163.900 -Accumulated Depreciation Buildings (Credit) $-362,672,075 $-21,832 $-362,693,907 166.100 - Intangible Assets $5,095,896 $3,540,191 $8,636,087 166.500 -Accumulated Amortization - Intangible Assets (Credit) $-1,421,644 $-3,006,708 $4,428,352 166.900 - Equipment And Furniture $30,610,387 $2,763,194 $33,373,581 167.900 - Accumulated Depreciation Equipment (Credit) $45,141,995 $-2,055,518 $47,197,513 169.900 - Construction Work In Progress $47,088,428 $243,270 $47,331,698 Total $393,809,401 $52,472,548 $446,281,949 Deferred Outflows 190.000 - Deferred Outflow of Resources $3,631,600 $481,373 $4,112,973 Total $3,631,600 $481,373 $4,112,973 Liabilities 202.000 -Accounts Payable $5,818,291 $7,565,803 $13,384,094 208.000 - Due To Other Governmental Units $90,775 $90,775 209.000 - Liabilities To Be Paid From Restricted Assets $7,733,491 $11,954 $7,745,445 210.000 - Compensated Absences - Current Portion $953,570 $194,609 $1,148,179 210.900 - Compensated Absences - Long -Term Portion $291,369 $37,767 $329,136 220.000 - Deposits $110,883 $2,512 $113,395 223.000 - Deferred Revenue $2,417,964 $50,000 $2,467,964 229.000 - Other Current Liabilities $72,000 $72,000 238.000 - Pension Liabilities $12,385,038 $1,640,111 $14,025,149 239.900 - Other Long -Term Liabilities $8,752,182 $5,874,740 $14,626,922 240.000 - Subscription -Based Information Technology Arrangements (SBITA) $211,328 $101,865 $313,193 Total $3898369891 $15,479,361 $54,316,252 Deferred Inflows 290.000 - Deferred Inflow of Resources $2,493,541 $321,667 $2,815,208 Total $29493,541 $321,667 $29815,208 Fund Balances 3/31/2025 2:08:25 PM Page 12 of 18 Annual Financial Report for Indian River, 2024 Proprietary Funds Proprietary Funds Balance Sheet t .,.., , ,,. Enterprise . t Internal Service Total 274.000 - Net Assets, Invested In Capital, Net Of Debt $244,433,444 $1,417,601 $245,851,045 276.000 - Net Assets, Unrestricted $111,677,125 $35,735,292 $147,412,417 Total $356,110,569 $37,152,893 $393,263,462 3/31/2025 2:08:25 PM Page 13 of 18 Proprietary Funds Revenues t ., .., . t.. Enterprise t Internal Service Total 311.000 - Ad Valorem Taxes $15,562 $15,562 322.000 - Building Permits (Building Permit Fees) $5,803,668 $1,826,538 $5,803,668 325.200 - Special Assessments - Charges For Public Services $19,039,944 $6,780,926 $19,039,944 329.500 - Other Permits, Fees And Special Assessments $19,425 $12,110 $19,425 331.500 - Federal Grant - Economic Environment $136,269 $136,269 341.200 - Internal Service Fund Fees And Charges 10 - Personnel Services $42,329,413 $42,329,413 342.500 - Service Charge - Protective Inspection Fees $16,462 $31,467,708 $16,462 343.400 - Service Charge - Garbage/Solid Waste $5,693,794 $1,822 $5,693,794 343.500 - Service Charge - Sewer/Wastewater Utility $43,852,150 $43,852,150 347.200 - Service Charge - Parks And Recreation $5,141,941 $807,467 $5,141,941 349.000 - Other Charges For Services $13,267 $153,188 $13,267 354.000 - Fines - Local Ordinance Violation $22,000 $22,000 361.100 - Interest $7,601,591 $2,493,891 $10,095,482 362.000 - Rents And Royalties $69,124 $69,124 364.000 - Disposition Of Fixed Assets $20,675 $7,350 $28,025 369.900 - Other Miscellaneous Revenues $405,676 $2,787,047 $3,192,723 381.000 - Inter -Fund Group Transfers In $287,677 $48,250 $335,927 389.800 - Proprietary - Capital Contributions From Private Source $13,546,204 $13,546,204 Total $101,685,429 $47,665,951 $149,351,380 3/31/2025 2:08:25 PM Page 13 of 18 Proprietary Funds Expenditures t ., Enterprise ., ,, t0 Internal Service Total 513.00 - Financial And Administrative 10 - Personnel Services $1,826,538 $1,826,538 30 - Operating Expenditures/Expenses $6,780,926 $6,780,926 70 - Debt Service $12,110 $12,110 519.00 - Other General Governmental Services 10 - Personnel Services $1,707,695 $1,707,695 30 - Operating Expenditures/Expenses $31,467,708 $31,467,708 70 - Debt Service $1,822 $1,822 521.00 - Law Enforcement 10 - Personnel Services $807,467 $807,467 30 - Operating Expenditures/Expenses $153,188 $153,188 524.00 - Protective Inspections 10 - Personnel Services $3,467,925 $3,467,925 30 - Operating Expenditures/Expenses $2,763,404 $2,763,404 3/31/2025 2:08:25 PM Page 13 of 18 Annual Financial Report for Indian River, 2024 3/31/2025 2:08:25 PM Page 14 of 18 Proprietary Funds Expenditures ., .., , . ,, , Enterprise Internal Service Total 70 - Debt Service $2,713 $2,713 534.00 - Garbage/Solid Waste Control Services 30 - Operating Expenditures/Expenses $22,152,337 $22,152,337 10 - Personnel Services $1,080,259 $1,080,259 536.00 - Water/Sewer Combination Services 30 - Operating Expenditures/Expenses $35,832,695 $35,832,695 10 - Personnel Services $13,203,561 $13,203,561 70 - Debt Service $7,384 $7,384 572.00 - Parks And Recreation 10 - Personnel Services $879,943 $879,943 30 - Operating Expenditures/Expenses $3,023,596 $3,023,596 70 - Debt Service $4,714 $4,714 Total $82,418,531 $42,757,454 $125,175,985 3/31/2025 2:08:25 PM Page 14 of 18 Annual Financial Report for Indian River, 2024 3/31/2025 2:08:25 PM Page 15 of 18 Fiduciary Funds Fiduciary Funds Revenu Balance Sheet Custodial . , , ; Pension Trust Investment Trust Total Private Purpose Trust Assets 319.900 - Other General Taxes $31,395,232 $31,395,232 101.000 - Cash In Bank $12,011,114 $79,387 $12,090,501 115.100 -Accounts Receivable $2,980,327 366.000 - Contributions And Donations From Private Sources $2,980,327 151.000 - Investments - Current 368.000 - Pension Fund Contributions $33,649,154 $33,649,154 Total $14,991,441 $33,728,541 $48,719,982 Liabilities $322,598,291 202.000 -Accounts Payable $1,168,326 $1,168,326 208.000 - Due To Other Governmental Units $8,619,970 $8,619,970 Total $9,788,296 $0 $9,788,296 Fund Balances 275.000 - Net Assets, Restricted $5,203,145 $33,728,541 $38,931,686 Total $5,203,145 $33,728,541 $38,931,686 3/31/2025 2:08:25 PM Page 15 of 18 Fiduciary Funds Fiduciary Funds Revenu Tota%4&Mffyoups Custodial Pension Trust Investment Trust Private Purpose Trust Total 311.000 - Ad Valorem Taxes $233,112,597 $233,112,597 319.900 - Other General Taxes $31,395,232 $31,395,232 351.900 - Judgments And Fines - Other Court Ordered $46,910,388 $46,910,388 361.100 - Interest $45,162 $5,502,498 $5,547,660 366.000 - Contributions And Donations From Private Sources $2,980,327 $2,980,327 368.000 - Pension Fund Contributions $1,034,774 $1,034,774 369.900 - Other Miscellaneous Revenues $1,617,313 $1,617,313 Total $316,061,019 $6,537,272 $322,598,291 3/31/2025 2:08:25 PM Page 15 of 18 Fiduciary Funds Expenditures Custodial ary Pension Trust Investment Trust Private Purpose Trust Total 519.00 - Other General Governmental Services 30 - Operating Expenditures/Expenses $317,499,866 $2,609,438 $320,109,304 569.00 - Other Human Services 30 - Operating Expenditures/Expenses $1,754,159 $1,754,159 Total $319,254,025 $2,609,438 $321,863,463 3/31/2025 2:08:25 PM Page 15 of 18 Annual Financial Report for Indian River, 2024 Zero Balance Sheet To Report Zero Revenues To Report Zero Expenditures To Report 3/31/2025 2:08:25 PM Page 16 of 18 Annual Financial Report for Indian River, 2024 AFFILIATE INFORMATION Indian River County Emergency Services District: Blended in Primary Report Total Assets: $40,916,801 Total Deferred Outflow: $0 Total Liabilities: $1,442,949 Total Deferred Inflow: $4,613,328 Total Fund Balances: $34,860,524 Total Revenue: $60,200,371 Total Expenditures: $56,650,450 Total Long -Term Debt: $0 Construction Projects Expenditure Approved Budget Fire Station 11 Roof Replacement $o 5181,868 Fire Station 7 Construction So 57,132,590 Fire Training Tower Replacement Stairs 566,698 $66,698 Total Assets: $74,637,685 Total Deferred Outflow: $218,954 Total Liabilities: $16,985,401 Total Deferred Inflow: $115,567 Solid Waste Disposal District: Blended in Primary Report Total Fund Balances: $57,755,671 Total Revenue: $26,743,431 Total Expenditures: $23,232,596 Total Long -Term Debt: $0 Construction Projects Expenditure Approved Budget Cell 3 Segment 3 Phase Il Landfill Expansion $5,687,236 56,897,652 Landfill Improvements - Automated Scale $256,893 $572,944 Landfill Improvements - Blower Skid $584,243 $658,885 3/31/2025 2:08:25 PM Page 17 of 18 Annual Financial Report for Indian River, 2024 Construction Projects Expenditure Approved Budget Landfill Improvements - Yard Waste Driveway $286,348 $446,149 3/31/2025 2:08:25 PM Page 18 of 18