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2026-064
Annual Financial Report for Indian River, 2025 BLAISE INGOGLIA CHIEF FINANCIAL OFFICER STATE OF FLORIDA Florida Department of Financial Services ANNUAL FINANCIAL REPORT FISCAL YEAR 2024-2025 SUBMITTING ENTITY: Indian River SUBMITTING ENTITY TYPE: County ENTITY DEPENDENCY. Independent AFR RECEIVED DATE: unresolved: @afr.receiveddate AUDIT RECEIVED DATE: 3/13/2026 Location Information 1801 27th Street Vero Beach,FL 32960 Phone Number: (772) 226-1219 AUDIT INFORMATION James Moore & Co. Certified Public Accountants and Consultants Firm Location Information 121 Executive Circle Daytona Beach,FL 32114 Phone number:(386) 257-4100 Contact Information Raeanne Cone Phone Number:(772) 226-1219 LONG-TERM DEBT $25,286,673 3/16/2026 11:23:18 AM Page 1 of 18 CERTIFICATION Chief Financial Officer Title: Clerk of the Circuit Court & Comptroller Name: RR2yanL.L. Butler Chairman/Elected Official Title: Chairman Board of County Commissioners Name: Deryl Loar APPROVED AS TO FORM AND LEGAL SUFFICIENCY BY NW tO'!1FE W. SHULERR UNTY ATTORNEY Annual Financial Report for Indian River, 2025 Have you experienced a Financial Emergency in this year? If yes, have you complied with Section 218.503(2), F.S.? ❑ Yes ®No ❑ Yes ❑No 3/16/2026 11:23:18 AM Page 2 of 18 Annual Financial Report for Indian River, 2025 Balance Sheet Governmental Funds Total Fund Governmental General Groups Special Debt Revenue Service Capital Projects Total Permanent 101.000 - Cash In Bank $124,710,032 $175,155,966 $718,815 $113,199,842 $413,784,655 115.100 -Accounts Receivable $4,042,177 $6,163,577 $10,205,754 121.000 -Assessments Receivable $234,629 $234,629 131.000 - Due From Other Funds $5,287,000 $453,790 $12,368 $254,995 $6,008,153 133.000 - Due From Other Governmental Units $4,299,036 $13,202,991 $5,362,635 $22,864,662 135.000 -Interest And Dividends Receivable $798,400 $1,040,522 $4,900 $757,787 $2,601,609 141.000 - Inventories - Materials And Supplies $611,340 $150,385 $761,725 155.000 - Prepaid Items $433,629 $357,934 $791,563 Total $140,181,614 $196,759,794 $736,083 $119,575,259 $457,252,750 Liabilities 202.000 -Accounts Payable $10,447,168 $6,021,579 $4,112,164 $20,580,911 207.000 - Due To Other Funds $862,038 $5,287,008 $6,149,046 208.000 - Due To Other Governmental Units $3,112,899 $1,497,860 $728,378 55,339,137 220.000 - Deposits $6,736,446 $830,032 $7,566,478 223.000 - Deferred Revenue $736,209 $3,004,049 $3,740,258 Total $21,894,760 $16,640,528 $0 $4,840,542 $43,375,830 Deferred Inflows 290.000 - Deferred Inflow of Resources $4,535,371 $17,691,118 $2,567 $1,079,013 $23,308,069 Total $49535,371 $17,691,118 $2,567 $19079,013 $23,308,069 Fund Balances 280.000 - Fund Balance - Nonspcndable $1,044,969 $508,319 $1,553,288 281.000 - Fund Balance - Restricted $742,308 $141,520,803 $733,516 $113,655,704 $256,652,331 282.000 - Fund Balance - Committed $225,122 $3,950,597 $4,175,719 283.000 - Fund Balance - Assigned $23,578,098 $23,578,098 284.000 - Fund Balance - Unassigned $111,739,084 $-7,129,669 $104,609,415 Total $113,751,483 1$162,428,148 1$733,516 t$113,655,704 $390,568,851 3/16/2026 11:23.18 AM Page 3 of 18 Annual Financial Report for Indian River, 2025 3/16/2026 11.23.18 AM Page 4 of 18 Governmental I unds Revenues Total Fund Groups Total Governmental Special Debt Capital General Revenue Service Projects Permanent 311.000 -Ad Valorem Taxes $118,311,104 $54,471,527 $1,803,605 $174,586,236 312.130 - Tourist Development Taxes $5,513,724 $5,513,724 312.300 - County Ninth -Cent Voted Fuel Tax $199,934 $199,934 312.410 - (1 To 6 Cents Local Option Fuel Tax) $3,818,254 $3,8189254 312.630 - Local Government Infrastructure Surtax S28,762,497 $28,762,497 3 15. 100 - State Communications Services Tax $1,098,190 $1,098,190 316.000 - Local Business Tax (Formerly Local Occupational License Tax - 321.000) $169,432 $169,432 322.000 - Building Permits (Building Permit Fees) $487,832 $487,832 322.900 - Permits -Other $31,091 $477,850 $508,941 323.100 - Franchise Fee - Electricity $9,092,461 $9,092,461 323.300 - Franchise Fee - Water $2,666,590 $2,666,590 323.400 - Franchise Fee - Gas $219,716 $219,716 323.700 - Franchise Fee - Solid Waste $930,575 $930,575 324.110 - Impact Fees - Residential - Public Safety Residential Buildings $357,388 $357,388 Flat Fees 324.120 - Impact Fees - Commercial - Public Safety Office Buildings $24,868 $24,868 Tiered Scale Based on Square Footage Retail Buildings $9,917 $9,917 Tiered Scale Based on Square Footage Hospitality Buildings $24,782 $24,782 Tiered Scale Based on Square Footage Educational Buildings $1,155 51,155 Tiered Scale Based on Square Footage Industrial Buildings $16,291 $16,291 Tiered Scale Based on Square Footage Recreational Buildings $8,596 % Tiered Scale Based on Square Footage 324.310 - Impact Fees - Residential - Transportation Residential Buildings $5,502,700 $5,502,700 Flat Fees 324.320 - Impact Fees - Commercial - Transportation Office Buildings $483,328 $483,328 Tiered Scale Based on Square Footage Retail Buildings Tiered Scale Based on Square Footage $104 012 $104,012 Hospitality Buildings $141,166 $141,166 Tiered Scale Based on Square Footage Educational Buildings $40,440 $40,440 Tiered Scale Based on Square Footage Industrial Buildings $252,5% $252,596 Tiered Scale Based on Square Footage Recreational Buildings $170,806 $170,806 Tiered Scale Based on Square Footage 324.610 - Impact Fees - Residential - Culture/Recreation Residential Buildings $519,556 $519,556 Flat Fees 324.910 - Impact Fees - Residential - Other 3/16/2026 11.23.18 AM Page 4 of 18 Annual Financial Report for Indian River, 2025 3/16/2026 11:23:18 AM Page 5 of 18 Governmental Funds Revenues Total Fund Governmental General Groups Special Revenue Debt Capital Service Projects Permanent E Total Residential Buildings Flat Fees $498,044 $498,044 324.920 - Impact Fees - Commercial - Other Office Buildings Tiered Scale Based on Square Footage $21,235 $21,235 Retail Buildings Tiered Scale Based on Square Footage $6,347 $6,347 Hospitality Buildings Tiered Scale Based on Square Footage $14,286 $14,286 Educational Buildings Tiered Scale Based on Square Footage $1,672 $1,672 Industrial Buildings Tiered Scale Based on Square Footage $13,024 $13,024 Recreational Buildings Tiered Scale Based on Square Footage $8,166 $8,166 325.100 - Special Assessments - Capital Improvement $254,392 $17,403 $271,795 325.200 - Special Assessments - Charges For Public Services $292,159 1 $292,159 331.100 - Federal Grant - General Government $11,160 $11,160 331.200 - Federal Grant - Public Safety $91,713 $1,018,086 $1,109,799 331.310 - Federal Grant - Water Supply System $653,529 $653,529 331.420 - Federal Grant - Mass Transit $3,975,661 $629,751 $4,605,412 331.490 - Federal Grant - Other Transportation $43,856 $43,856 331.500 - Federal Grant - Economic Environment $496,600 $3,129,655 $3,626,255 331.510 - Federal Grant ARPA Funds $3,196,578 $3,196,578 331.620 - Federal Grant - Public Assistance $983,443 $983,443 331.690 - Federal Grant - Other Human Services $3,821,447 $3,821,447 333.000 - Federal Payments In Lieu Of Taxes $33,758 $33,758 334.200 - State Grant - Public Safety $76,595 $839,068 $915,663 334.310 - State Grant - Water Supply System $248,675 $248,675 334.390 - State Grant - Other Physical Environment $2,189,081 $2,189,081 334.420 - State Grant - Mass Transit $277,759 $277,759 334.490 -State Grant -Other Transportation $3,157,293 $5,548,775 $8,706,068 334.690 - State Grant - Other Human Services $2,114,125 $2,114,125 334.700 -State Grant -Culture/Recreation $58,731 $1,749,367 $1,808,098 334.890 - State Grant - Other Court -Related $284,437 $284,437 335.121 - County Revenue Sharing Program - Proceeds $5,945,096 $5,945,096 335.130 - State Revenue Sharing - Insurance License Tax (AKA Insurance Agents County Licenses) $45,297 $45,297 335.140 - State Revenue Sharing - Mobile Home Licenses $103,496 $103,496 335.150 - State Revenue Sharing - Alcoholic Beverage Licenses $67,515 $67,515 335.160 - State Revenue Sharing - Distribution Of Sales And Use Taxes To Counties (Formerly: Pari -Mutual Tax Distribution) $446,500 $446,500 335.180 - State Revenue Sharing - Local Government Half -Cent Sales Tax Program $13,673,982 $13,673,982 335.190 - State Revenue Sharing - Other General Government $24,129 $475,875 $500,004 335.210 - State Revenue Sharing - Firefighter Supplemental Compensation $101,080 $101,080 335.220 - State Revenue Sharing - Enhanced 911 Fee (Previously: Wireless 911 Board Distributions) $900,669 $900,669 335.480 - State Revenue Sharing - Other Transportation $2,870,823 $2,870,823 335.610 - State Revenue Sharing - Health Or Hospitals $950 $950 335.700 - State Revenue Sharing - Culture/Recreation $68,786 $68,786 3/16/2026 11:23:18 AM Page 5 of 18 Annual Financial Report for Indian River, 2025 Revenues Goaernmcntal Funds Total Fund General GroupsGovernmental Special Debt Revenue Service Capital Projects Permanent Total 335.900 - State Revenue Sharing - Other $1,650 $1,650 337.300 - Local Government Unit Grant - Physical Environment $4,723 $73,595 $78,318 337.700 - Local Government Unit Grant - Culture/Recreation $70,000 $10,405 $80,405 341.100 - Service Charge - Recording Fees $743,218 $396,271 $1,139,489 341.160 - County Portion ($2) Of $4 Additional Service Charge $321,642 $321,642 341.300 - Administrative Service Fees $248 $1,205 $1,453 341.520 - Fees Remitted To County From Sheriff $2,165,905 $2,165,905 341.550 - Fees Remitted To County From Supervisor Of Elections $10,452 $10,452 341.800 - County Officer Commission And Fees $3,367,968 $3,367,968 341.900 - Other General Government Charges And Fees $1,057,836 $1,057,836 342.200 - Service Charge - Fire Protection $677,001 $677,001 342.300 - Service Charge - Housing For Prisoners $80,709 $284,225 $364,934 342.600 - Service Charge - Ambulance Fees $9,852,694 $9,852,694 343.600 - Service Charge - Water/Sewer Combination Utility $9,875 $9,875 344.900 - Service Charge - Other Transportation Charges $6,326 $6,326 346.900 - Service Charge - Other Human Services Charges $158,223 $158,223 347.200 - Service Charge - Parks And Recreation $1,476,896 $1,476,896 347.500 - Service Charge - Special Recreation Facilities $668,060 $668,060 348.120 - County Cows Criminal - Service Charges $7,275 $7,275 348.130 - County Court Criminal - Court Costs $101,953 $101,953 348.140 - County Court Criminal - Non -Local Fines And Forfeitures $2,233 $2,233 348.210 - Circuit Court Criminal - Filing Fees $750 $750 348.220 - Circuit Court Criminal - Service Charges $2,246 $2,246 348.230 - Circuit Court Criminal - Court Costs $124,181 $124,181 348.310 - County Court Civil - Filing Fees $279,752 $279,752 348.320 - County Court Civil - Service Charges $12,533 $12,533 348.410 - Circuit Court Civil - Filing Fees $389,431 $389,431 348.420 - Circuit Court Civil - Service Charges $176,852 $176,852 348.520 - Traffic Court - Service Charges $144,872 $90,636 $235,508 348.530 - Traffic Court - Court Costs $446,127 5446,127 348.610 - Juvenile Court - Filing Fees $109 $109 348.620 - Juvenile Court - Service Charges $5,954 $5,954 348.630 - Juvenile Court - Court Costs $9,018 $9,018 348.710 - Probate Court - Filing Fees $219,794 $219,794 348.720 - Probate Court - Servicc Charges $23,362 $23,362 348.921 - Court Innovations/Local Requirements $5,857 $5,857 348.923 - Law Library $32,164 $32,164 348.930 - State Court Facility Surcharge ($30) $98,187 $168,815 $267,002 348.931- Traffic Surcharge $47,003 $47,003 348.990 - Other Court Collections Transferred To BOCC $88,876 $88,876 349.000 - Other Charges For Services $31,255 $407,237 $438,492 35 1. 100 - Judgments And Fines - As Decided By County Court Criminal $514,976 $514,976 351.200 - Judgments And Fines - As Decided By Circuit Court Criminal $295,853 $295,853 351.500 - Judgments And Fines - As Decided By Traffic Court $570,846 $570,846 351.700 - Intergovernmental Radio Communication Program $112,957 $112,957 351.800 - 10%Of Fines To Public Records Modernization Fund $192,576 $192,576 352.000 - Fines - Library $8,888 $8,888 3/16/2026 11.23:18 AM Page 6 of 18 Annual Financial Report for Indian River, 2025 Governmental Funds Revenues Total Fund Governmental General GroupsTotal Special Revenue Debt Service Capital Projects Permanent 354.000 - Fines- Local Ordinance Violation $137,568 $1,344,601 $1,482,169 358.200 - Sale Of Contraband Property Seized By Law Enforcement Include Proceeds From Assets Seized By Law Enforcement Agencies $30,450 $30,450 361.100 - Interest $6,433,616 $7,655,085 $54,183 $4,625,705 $18,768,589 362.000 - Rents And Royalties $409,811 $321,263 $731,074 364.000 - Disposition Of Fixed Assets $168,116 $61,174 $229,290 366.000 - Contributions And Donations From Private Sources $214,754 $358,498 5217,346 $790,598 367.000 - Licenses $125,530 $125,530 369.900 - Other Miscellaneous Revenues $5,505,424 $1,386,055 $6,891,479 381.000 - Inter -Fund Group Transfers In $3,100,239 $23,100,444 $26,200,683 383.100 - Lease Proceeds $342,705 $342,705 383.200 -Installment Purchase Proceeds $5,079,478 $501,291 $5,580,769 Total $194,456,335 lil47,401,098 1$2,333,663 $39,225,987 $383,417,083 3/16/2026 11:23:18 AM Page 7 of 18 Annual Financial Report for Indian River, 2025 Expenditures Governmental Funds Total Fund Governmental General GroupsTotal Special Debt Revenue Service Capital Projects Permanent 511.00 - Legislative 10 - Personnel Services $1,085,383 $1,085,383 30 - Operating Expenditures/Expenses $309,348 $309,148 512.00 - Executive 10 - Personnel Services $1,484,515 $1,484,515 30 - Operating Expenditures/Expenses $58,855 $58,855 513.00 - Financial And Administrative 10 - Personnel Services $13,784,999 $13,784,999 30 - Operating Expenditures/Expenses $4,539,878 $230,572 $4,770,450 60 - Capital Outlay $2,487,172 $2,487,172 514.00 - Legal Counsel 10 - Personnel Services $1,086,593 $1,086,593 30 - Operating Expcnditures/Expenses $169,453 $169,453 515.00 - Comprehensive Planning 10 - Personnel Services $1,687,953 $451,729 $2,139,682 30 - Operating Expenditures/Expenses $885,774 $444,039 $1,329,813 80 - Grants And Aids $122,146 $122,146 517.00 - Debt Service Payments 70 - Debt Service $2,687,599 $395,029 $2,253,966 $5,336,594 519.00 - Other General Governmental Services 10 - Personnel Services $4,661,418 $652,684 $5,314,102 30 - Operating Expenditures/Expenses $5,286,492 $677,480 $5,963,972 60 - Capital Outlay $479,141 $247,929 $3,185,227 $3,912,297 80 - Grants And Aids $370,067 $370,067 521.00 - Law Enforcement 10 - Personnel Services $39,686,855 $419,121 $40,105,976 30 - Operating Expenditures/Expcnscs $8,993,290 $345,878 $9,339,168 60 - Capital Outlay $4,687,871 $3,059,518 $7,747,389 522.00 - Fire Control 10 - Personnel Services $51,111,853 $51,111,853 30 - Operating Expenditures/Expenses $9,587,014 $9,587,014 60 - Capital Outlay $4,824,173 $7,227,293 $12,051,466 80 - Grants And Aids $12,108 $12,108 523.00 - Detention And/Or Correction 10 - Personnel Services $16,780,018 $285,635 $17,065,6.53 30 - Operating Expenditures/Expenses $5,410,806 $377,620 $5,788,426 60 - Capital Outlay $19,482 $495,462 $514,944 80 - Grants And Aids $555,463 $32,560 $588,023 524.00 - Protective Inspections 10 - Personnel Services $551,688 $551,688 30 - Operating Expenditures/Expenses $99,994 $99,994 525.00 - Emergency And Disaster Relief Services 10 - Personnel Services $765,932 $249,658 $1,015,590 30 - Operating Expenditures/Expenses $142,384 $602,091 $744,475 60 - Capital Outlay $608,339 $608,339 527.00 - Medical Examiners 3/16/2026 11:23:18 AM Page 8 of 18 Annual Financial Report for Indian River, 2025 3/16/2026 11:23:18 AM Page 9 of 18 Governmental Funds Expenditures Total Fund Governmental General Groups Special Revenue Debt Capital Service Projects Permanent Total 30- Operating Expenditures/Expenses $808,490 $808,490 60 - Capital Outlay $5,359,200 $5,359,200 529.00 - Other Public Safety 30 - Operating Expenditures/Expenses $8,085 $8,085 534.00 - Garbage/Solid Waste Control Services 30 - Operating Expenditures/Expenses $152,453 $79,994 $232,447 537.00 - Conservation And Resource Management 10 - Personnel Services $1,174,496 $1,174,496 30 - Operating Expenditures/Expenses $1,016,611 $103,443 $1,120,054 60 - Capital Outlay $96,562 $88,850 $324,518 $509,930 538.00 - Flood Control/Stormwater Management 10 - Personnel Services $885,049 $885,049 30 - Operating Expenditures/Expenses $321,866 $321,866 60 -Capital Outlay $110,552 $10,484 $121,036 539.00 - Other Physical Environment 30 - Operating Expenditures/Expenses $170,591 $170,591 60 - Capital Outlay $54,855 $54,855 541.00 - Road And Street Facilities 60 -Capital Outlay $741,870 $6,921,464 $10,963,103 $18,626,437 80 - Grants And Aids $7,751,073 $17,520 $7,768,593 10 - Personnel Services $10,974,018 $10,974,018 30 - Operating Expenditures/Expenses $13,786,700 $13,786,700 552.00 - Industry Development 80 - Grants And Aids $228,995 $228,995 553.00 - Veteran's Services 10 - Personnel Services $319,663 $319,663 30- Operating Expenditures/Expenses $10,406 $10,406 80 - Grants And Aids $104,697 $104,697 554.00 - Housing And Urban Development 80 - Grants And Aids $133 $133 562.00 - Health Services 10 - Personnel Services $873,923 $873,923 30 - Operating Expenditures/Expenses $89,814 $89,814 60 -Capital Outlay $102,632 $14,400 $117,032 80 - Grants And Aids $605,410 $605,410 563.00 - Mental Health Services 80 - Grants And Aids $434,952 $434,952 564.00 - Public Assistance Services 10 - Personnel Services $148,704 $380,767 $529,471 30 - Operating Expenditures/Expenses $1,820,353 $4,575,442 $6,395,795 80 - Grants And Aids $316,073 $316,073 569.00 - Other Human Services 10- Personnel Services $160,625 $193,856 $354,481 30- Operating Expenditures/Expenses $12,903 $38,369 $51,272 80 - Grants And Aids $3,588,033 $1,946,071 $5,534,104 571.00 - Libraries 10 - Personnel Services $3,241,078 $3,241,078 3/16/2026 11:23:18 AM Page 9 of 18 Annual Financial Report for Indian River, 2025 3/16/2026 11.23.18 AM Page 10 of 18 Governmental Funds Expenditures Totall Fund Governmental General GroupsTotal Special Revenue Debt Capital Service Projects Permanent 30 - Operating Expenditures/Expenses $1,233,490 $1,233,490 60 - Capital Outlay $69,319 $476,152 $545,471 572.00 - Parks And Recreation 10 - Personnel Services $8,072,192 $233,234 $8,305,426 30- Operating Expenditures/Expenses $2,953,161 $1,967,266 $4,920,427 60 -Capital Outlay $1,137,218 $7,569,080 $2,806,058 $11,512,356 80 -Grants And Aids $127,385 $1,571,524 $1,698,909 575.00 - Special Recreation Facilities 30 - Operating Expenditures/Expenses $157,869 $157,869 60 - Capital Outlay $465,208 $465,208 581.00 - Interfund Group Transfers Out 90 - Other Uses $20,249,537 $2,634,854 $23,717 $3,622,748 $26,530,856 601.00 - Court Administration 80 - Grants And Aids $63,773 $63,773 602.00 - State Attorney Administration 80 - Grants And Aids $163,076 $253,069 $416,145 603.00 - Public Defender Administration 80 - Grants And Aids $2,498 $97,251 $99,749 604.00 - Clerk Of Court Administration 10 - Personnel Services $589,637 $589,637 605.00 - Judicial Support 30- Operating Expenditures/Expenses $595,188 $595,188 607.00 - Appeals 10 - Personnel Services $68,580 $68,580 608.00 - Jury Management 10 - Personnel Services $118,100 $118,100 30 - Operating Expenditures/Expenses $3,071 $3,071 614.00 - Clerk Of Court - Circuit Criminal 10 - Personnel Services $678,704 $678,704 30 - Operating Expenditures/Expenses $222,404 $222,404 634.00 - Clerk Of Court Administration - Circuit Civil 10 - Personnel Services $215,781 $215,781 30 - Operating Expenditures/Expenses $1,126 $1,126 654.00 - Clerk Of Court Administration- Circuit Family 10 - Personnel Services $350,039 $350,039 30 - Operating Expenditures/Expenses $5,799 $5,799 663.00 - Pro Se Services - Circuit Family 10- Personnel Services $50,663 $99,814 $150,477 30 - Operating Expenditures/Expenses $22 $106 $128 667.00 - Court -Based Victim Services 80 - Grants And Aids $118,043 $118,043 674.00 - Clerk Of Court Administration - Circuit Juvenile 10 - Personnel Services $316,478 $316,478 30 - Operating Expenditures/Expenses $2,460 $2,460 685.00 - Guardian Ad Litem - Circuit Juvenile 30 - Operating Expenditures/Expenses $9,850 $31,872 1 1 $41,722 694.00 - Clerk Of Court Adminstration - Probate 3/16/2026 11.23.18 AM Page 10 of 18 Annual Financial Report for Indian River, 2025 3/16/2026 11:23:18 AM Page 11 of 18 Gosernmenlal Funds Expenditures Total Fund Groups Governmental Special Debt Capital General Revenue Service Projects Total Permanent 10 - Personnel Services $233,775 $233,775 30 - Operating Expenditures/Expenses $1,170 $1,170 711.00 - Courthouse Security 10 - Personnel Services $3,982,627 $3,982,627 30 - Operating Expenditures/Expenses $98,423 $98,423 713.00 - Information Systems 10 - Personnel Services $57,186 $57,186 30 - Operating Expenditures/Expenses $49,073 $49,073 714.00 - Public Law Library 10 - Personnel Services $77,386 $77,386 30 - Operating Expenditures/Expenses $14,211 $14,211 724.00 - Clerk Of Court Administration - County Criminal 10 - Personnel Services $106,031 $106,031 30 - Operating Expenditures/Expenses $4,924 $4,924 734.00 - Drug Court - County Criminal 80 - Grants And Aids $85,788 $85,788 744.00 - Clerk Of Court Administration - County Civil 10 - Personnel Services $208,729 $208,729 30 - Operating Expenditures/Expenses $9,835 $9,835 764.00 - Clerk Of Court Administration - Traffic 10 - Personnel Services $474,193 $474,193 30- Operating Expenditures/Expenses $10,206 $10,206 Total $185,370,060 $130,910,746 $2,277,683 $34,069,177 $352,627,666 3/16/2026 11:23:18 AM Page 11 of 18 Annual Financial Report for Indian River, 2025 3/16/2026 11:23:18 AM Page 12 of 18 Annual Financial Report for Indian River, 2025 Balance Sheet ProprietarA Funds Total Fund Proprietary Enterprise GroupsTotal Internal Service Assets 101.000- Cash In Bank $79,144,700 $47,929,842 $127,074,542 115.100 - Accounts Receivable $7,719,066 $263,436 $7,982,502 121.000 -Assessments Receivable $713,684 $713,684 131.000 - Due From Other Funds $140,893 $140,893 133.000 - Due From Other Governmental Units $456,874 $25,524 5482,398 135.000 -Interest And Dividends Receivable $901,494 $301,107 $1,202,601 141.000 - Inventories - Materials And Supplies $2,668,288 $401,980 $3,070,268 155.000 - Prepaid Items $64,089 $3,413,384 $3,4779473 156.900 - Assets - Non -Current $297,064 $61,846 $358,910 160.900 - Restricted Assets $71,422,481 $71,422,481 161.900 - Land $32,639,716 $32,639,716 162.900 - Buildings $547,996,998 $141,435 $548,138,433 163.900 - Accumulated Depreciation Buildings (Credit) S-375,703,077 S-28,026 $-375,731,103 166.100 - Intangible Assets $4,883,451 $3,059,263 $7,942,714 166.500 - Accumulated Amortization - Intangible Assets (Credit) S-1,318,324 $-2,166,292 $-3,484,616 166.900 - Equipment And Furniture $33,324,545 $2,721,673 $36,046,218 167.900 -Accumulated Depreciation Equipment(Credit) $47,151,015 $-2,131,729 $-19,282,744 169.900 - Construction Work In Progress $40,000,929 $40,000,929 Total $428,201,856 $53,993,443 $482,195,299 Deferred Outflows 190.000 - Deferred Outflow of Resources $3,934,811 $656,171 $4,59,982 Total $3,934,811 $656,171 $4,590,982 Liabilities 202.000 -Accounts Payable $6,204,869 $2,580,398 $8,785,267 208.000 - Due To Other Governmental Units $98,858 $98,858 209.000 - Liabilities To Be Paid From Restricted Assets $5,833,829 $5,833,829 210.000 - Compensated Absences - Current Portion $1,418,065 $222,973 $1,641,038 210.900 - Compensated Absences- Long -Terre Portion $593,797 $93,819 $687,616 215.000 - Accrued Interest Payable $6,004 $6,004 216.000 - Accrued Salaries And Wages Payable $574,922 $104,097 $679,019 220.000 - Deposits $34,660 $34,660 223.000 - Deferred Revenue $2,352,539 $2,352,539 226.000 - Installment Purchases - Current Portion $33,619 $173,199 $206,818 226.900 - Installment Purchases - Long -Term Portion $52,690 $122,898 $175,588 229.000 - Other Current Liabilities $77,000 $6,240,786 $6,317,786 238.000 - Pension Liabilities $11,482,976 $1,947,795 $13,430,771 239.900 - Other Long -Tenn Liabilities $11,127,736 $5,767,907 $16,895,643 Total 539,885,560 $17,259,876 $57,145,436 Deferred Inflows 290.000 - Deferred Inflow of Resources $5,587,371 $498,178 $6,085,549 Total $5,587,371 $498,178 $6,085,549 Fund Balances 274.000 - Net Assets, Invested In Capital, Net Of Debt $262,302,837 $1,178,592 $263,481,429 275.000 - Net Assets, Restricted $297,064 $61,846 $358,910 276.000 - Net Assets, Unrestricted $124,063,835 $35,651,122 $159,714,957 3/16/2026 11:23.18 AM Page 13 of 18 Annual Financial Report for Indian River, 2025 Proprietary Funds Balance Sheet I . Enterprise t 111t t t. Internal Service Total Total $386,663,736 $36,891,560 $423,555,296 Proprietary Funds Revenues Enterprise Internal Service Total 311.000 - Ad Valorem Taxes $21,921 $21,921 322.000 - Building Permits (Building Permit Fees) $6,208,760 $6,208,760 325.200 - Special Assessments - Charges For Public Services $20,678,800 $20,678,800 329.500 - Other Permits, Fees And Special Assessments $14,399 $14,399 331.500 - Federal Grant - Economic Environment $1,119,941 $206,014 $1,325,955 337.300 - Local Government Unit Grant - Physical Environment $19,192 $19,192 341.200 - Internal Service Fund Fees And Charges $44,336,545 $44,336,545 342.500 - Service Charge - Protective Inspection Fees $15,049 $15,049 343.400 - Service Charge - Garbage/Solid Waste $4,570,816 $4,570,816 343.600 - Service Charge - Water/Sewer Combination Utility $51,756,947 $51,756,947 343.900 - Service Charge - Other Physical Environment Charges $1,067,132 $1,067,132 347.200 - Service Charge - Parks And Recreation $5,540,023 $5,540,023 349.000 - Other Charges For Services $11,960 $11,960 354.000 - Fines- Local Ordinance Violation $16,000 $16,000 361.100 - Interest $6,236,671 $1,976,070 $8,212,741 362.000 - Rents And Royalties $432,153 $432,153 364.000 - Disposition Of Fixed Assets $2,025,115 $2,025,115 366.000 - Contributions And Donations From Private Sources $21,063,944 $21,063,944 369.900- Other Miscellaneous Revenues $48,850 $3,227,230 $3,276,080 381.000 -Inter-Fund Group Transfers In $330,173 $330,173 TOtal $121,177,846 $49,745,859 $170,923,705 Proprietary Funds Expenditures tt Enterprise Internal Service Total 513.00 - Financial And Administrative 10 - Personnel Services $2,558,018 $2,558,018 30 - Operating Expenditures/Expenses $7,258,996 $7,258,996 70 - Debt Service $734 $734 519.00 - Other General Governmental Services 10 - Personnel Services $1,817,177 $1,817,177 30 - Operating Expenditures/Expenses $36,637,553 $36,637,553 70 - Debt Service $5,640 $5,640 521.00 - Law Enforcement 10 - Personnel Services $1,447,218 $1,447,218 30 - Operating Expenditures/Expenses $211,312 $211,312 524.00 - Protective Inspections 10 - Personnel Services $4,232,917 $4,232,917 30 - Operating Expenditures/Expenses $2,431,746 $2,431,746 70 - Debt Service $497 $497 534.00 - Garbage/Solid Waste Control Services 3/16/2026 11:23:18 AM Page 14 of 18 Annual Financial Report for Indian River, 2025 Proprietary Funds Expenditures ' t t Proprietary Enterprise Internal Service Total 30 - Operating Expenditures/Expenses $25,760,901 $25,760,901 10 - Personnel Services $1,208,596 $1,208,596 536.00 - Water/Sewer Combination Services 10 - Personnel Services $14,668,646 $14,668,646 30 - Operating Expenditures/Expenses $37,904,831 $37,904,831 70 - Debt Service $2,178 $2,178 572.00 - Parks And Recreation 10 - Personnel Services $939,716 $939,716 30 - Operating Expenditures/Expenses $3,139,425 $3,139,425 70 - Debt Service $3,554 $3,554 Total $90,293,007 $49,936,648 $140,229,655 3/16/2026 11:2118 AM Page 15 of 18 Annual Financial Report for Indian River, 2025 Balance Sheet Fiduciary Funds Total Fund Groups FiduciarY Custodial Pension Trust Investment Trust Private Purpose Trust rutal Assets 101.000 - Cash In Bank $11,498,112 $119,989 $11,618,101 115.100 - Accounts Receivable $24,005,352 $24,005,352 151.000 - Investments - Current $34,716,271 $34,716,271 Total $35,503,464 $34,836,260 $70,339,724 Liabilities 202.000 - Accounts Payable $1,173,550 $1,173,550 208.000 - Due To Other Governmental Units $29,302,632 $29,302,632 Total $30,476,182 $0 $30,476,182 Fund Balances 275.000 - Net Assets, Restricted $5,027,282 $34,836,260 $39,863,542 Total $5,027,282 $34,836,260 $39,863,542 Revenues Fiduciar}Funds Total Fund GroupsFiduciary Custodial Pension Trust Investment Trust Private Purpose Trust Total 311.000 - Ad Valorem Taxes $265,061,425 $265,061,425 319.900 - Other General Taxes $32,928,147 $32,928,147 351.900 - Judgments And Fines - Other Court Ordered $58,292,044 $58,292,044 361.100 - Interest $40,052 $3,238,053 $3478,105 366.000 - Contributions And Donations From Private Sources $24,005,352 $24,005,352 368.000 - Pension Fund Contributions $528,614 $528,604 369.900 - Other Miscellaneous Revenues $1,139,753 $1,139,753 Total $381,466,773 $3,766,657 $385,233,430 Expenditures Fiduciary Funds Total t r Fiduciary Custodial Pension Trust Investment Trust Private Purpose Trust Total 519.00 - Other General Governmental Services 30 - Operating Expenditures/Expenses $380,507,615 $2,658,938 $383,166,553 569.00 - Other Human Services 30- Operating Expenditures/Expenses $1,135,021 $1,135,021 Total $381,642,636 $2,658,938 $384,301,574 3/16/2026 11:23:18 AM Page 16 of 18 Annual Financial Report for Indian River, 2025 Zero Balance Sheet To Report Zero Revenues To Report Zero Expenditures To Report 3/16/2026 11:23:18 AM Page 17 of 18 Annual Financial Report for Indian River, 2025 AFFILIATE INFORMATION Indian River County Emergency Services District: Blended in Primary Report Total Assets: $45,118,255 Total Deferred Outflow: $0 Total Liabilities: $1,804,791 Total Deferred Inflow: $5,081,566 Total Fund Balances: $38,231,898 Total Revenue: $68,121,361 Total Expenditures: $64,749,987 Total Long -Term Debt: $0 CompensationEniplo�ee Number of individuals - Biweekly Pay Period Cont I actor 328 0 Compensation Earned Or Awarded 532,468,620 50 Construction Projects Expenditure Approved Budget Fire Station # I 1 Generator Replacement SO $104,678 Fire Station #2 Dock Improvements SO 5211,879 Replacement of Kitchen Cabinets Fire Stations #2,3,9,12 $30,309 $134,037 Total Assets: $75,503,923 Total Deferred Outflow: $221,345 Total Liabilities: $16,236,687 Total Deferred Inflow: $190,193 Solid Waste Disposal District: Blended in Primary Report Total Fund Balances: $59,298,388 Total Revenue: $28,529,713 Total Expenditures: $26,969,496 Total Long -Term Debt: $0 Zero Construction Projects To Report 3/16/2026 11:23:18 AM Page 18 of 18