Indian River County Administration Building
1801 27th Street, Bldg. "A", 2nd Floor, Clerk of Court
Vero Beach, FL 32960
The Finance Department accounts for all financial activities of the Board of County Commissioners. All monies due to the Board and all payments for the Board are performed by the Department. The Department accounts for all fixed assets owned by the Board. In addition to paying all bills for the Board, the Department also processes the payroll for the Board's and Clerk's employees.
Extensions 1207, 1219, 1552 or 1553.
Working in cooperation with the Board's Budget Office and Purchasing Department, all bills for services and goods provided to the Board of County Commissioners are processed and paid by the Accounts Payable clerks. After the end of the calendar year, 1099s are mailed to any individuals who have received payments for services or interest earnings on deposits released by the Finance Department.
The Accounts Receivable clerks account for all monies due to the Board of County Commissioners. For the Board Departments that do not deposit their cash collections directly, the Accounts Receivable clerks verify the total amounts collected and prepare a daily deposit.
The Fixed Assets specialist maintains an inventory of all tangible personal property, buildings, land, and other improvements owned by the Board. The tangible personal property of the Clerk, Supervisor of Elections, Tax Collector and Property Appraiser is included with the Board's tangible personal property. An annual inventory is conducted to account for all fixed assets.
Extensions 1218 or 1325
The Payroll Specialists process the payroll for the Board and the Clerk. The Specialist pays all payroll deductions. They are responsible for preparation of the quarterly tax filings and the year-end W-2s.
The Finance Director and Assistant Finance Director are responsible for the investment of all Board excess funds. In accordance with the direction provided by the Investment Advisory Committee, excess funds are invested in money market accounts, U.S. Treasuries and government agency bonds. You can download a copy of the Board's Investment Policy by clicking here.
Annual Financial Reporting
Extensions 1205, 1570 or 1206
The County's fiscal year end is September 30. Each year, a comprehensive annual financial report (CAFR) providing financial information for the Board, Clerk , Property Appraiser, Sheriff, Supervisor of Elections and Tax Collector is prepared by the Finance Department. This report is audited by an independent certified public accountant. Please Click here for a copy of the latest CAFR.
The department prepares an annual financial report to the State Comptroller and an annual report on bank deposits to the State Department of Banking and Finance.