Florida / Fiscal data / Local government finances / Inverness
Inverness, municipal government
Revenues and expenditures by account code and fund type, every local fiscal year EDR has tabulated from the Annual Financial Reports filed with the Department of Financial Services.
In Citrus County: Citrus County government
Revenues and expenditures by fiscal yearMunicipal governmentFY2024: $25,101,178 revenues
Totals of every account code, including transfers between funds and the Custodial Fund from FY2021. Real figures are in dollars of the latest fiscal year with a price index; per resident uses EDR's population for each year.
Revenues by categoryMunicipal governmentFY2024: $25,101,178
One line per EDR category heading: General Government Taxes, Permits, Fees, and Special Assessments, Intergovernmental Revenues, Charges for Services, Judgments, Fines, and Forfeits, Miscellaneous Revenues, Other Sources, Taxes, Intergovernmental Revenue, Permits and Franchise Fees.
Expenditures by categoryMunicipal governmentFY2024: $20,561,167
One line per EDR category heading: General Government Services (Not Court-Related), Public Safety, Physical Environment, Transportation, Economic Environment, Culture / Recreation, Other Uses and Non-Operating, Other Uses.
Revenues by account code
Account codes and names as the Department of Financial Services' Uniform Accounting System lists them, grouped under EDR's category headings. FY2024 beside FY2023; other years from the selector.
| Code | Account | FY2024 | FY2023 | Change |
|---|---|---|---|---|
| General Government Taxes | $7,291,863 | $5,337,641 | +36.6% | |
| 311 | Ad Valorem Taxes | $5,456,050 | $3,542,583 | +54.0% |
| 312.41 | First Local Option Fuel Tax (1 to 6 Cents Local Option Fuel Tax) | $373,273 | $368,082 | +1.4% |
| 314.1 | Utility Service Tax - Electricity | $963,760 | $963,317 | 0.0% |
| 314.3 | Utility Service Tax - Water | $41,211 | $40,311 | +2.2% |
| 314.4 | Utility Service Tax - Gas | $20,184 | $19,584 | +3.1% |
| 315.1 | State Communications Services Taxes | $374,385 | $340,764 | +9.9% |
| 316 | Local Business Tax (Chapter 205, F.S.) | $63,000 | $63,000 | 0.0% |
| Permits, Fees, and Special Assessments | $1,514,443 | $1,540,744 | -1.7% | |
| 322 | Building Permits (Buildling Permit Fees) | $407,412 | $455,737 | -10.6% |
| 323.1 | Franchise Fee - Electricity | $802,313 | $876,562 | -8.5% |
| 323.4 | Franchise Fee - Gas | $40,427 | $39,118 | +3.3% |
| 323.7 | Franchise Fee - Solid Waste | $90,339 | $79,364 | +13.8% |
| 324.11 | Impact Fees - Residential - Public Safety | $25,298 | $9,575 | +164.2% |
| 324.31 | Impact Fees - Residential - Transportation | $98,540 | $35,203 | +179.9% |
| 324.32 | Impact Fees - Commercial - Transportation | $9,439 | $6,286 | +50.2% |
| 324.61 | Impact Fees - Residential - Culture / Recreation | $17,960 | $6,814 | +163.6% |
| 329.5 | Other Fees and Special Assessments | $22,715 | $32,085 | -29.2% |
| Intergovernmental Revenues | $4,066,315 | $5,577,029 | -27.1% | |
| 331.2 | Federal Grant - Public Safety | $46,974 | $20,268 | +131.8% |
| 331.51 | Federal Grant - American Rescue Plan Act Funds | $128,445 | $2,347,708 | -94.5% |
| 335.125 | State Shared Revenues - General Government - Municipal Revenue Sharing Program | $357,674 | $363,687 | -1.7% |
| 335.14 | State Shared Revenues - General Government - Mobile Home License Tax | $3,388 | $3,813 | -11.1% |
| 335.15 | State Shared Revenues - General Government - Alcoholic Beverage License Tax | $14,851 | $16,260 | -8.7% |
| 335.18 | State Shared Revenues - General Government - Local Government Half-Cent Sales Tax Program | $583,232 | $600,710 | -2.9% |
| 335.21 | State Shared Revenues - Public Safety - Firefighter Supplemental Compensation | $600 | $600 | 0.0% |
| 337.7 | Grants from Other Local Units - Culture / Recreation | $309,194 | $309,194 | 0.0% |
| 337.9 | Grants from Other Local Units - Other | $2,621,957 | ||
| 334.31 | State Grant - Physical Environment - Water Supply System | $539,083 | ||
| 338 | Shared Revenue from Other Local Units | $1,375,706 | ||
| Charges for Services | $6,770,143 | $6,352,959 | +6.6% | |
| 341.9 | General Government - Other General Government Charges and Fees | $13,650 | $13,194 | +3.5% |
| 342.5 | Public Safety - Protective Inspection Fees | $7,658 | ||
| 343.3 | Physical Environment - Water Utility | $2,205,141 | $4,558,690 | -51.6% |
| 343.4 | Physical Environment - Garbage / Solid Waste | $1,524,554 | $1,315,785 | +15.9% |
| 343.5 | Physical Environment - Sewer / Wastewater Utility | $2,463,405 | ||
| 343.8 | Physical Environment - Cemetary | $70,103 | $68,077 | +3.0% |
| 343.9 | Physical Environment - Other Physical Environment Charges | $1,740 | ||
| 344.9 | Transportation - Other Transportation Charges | $49,844 | $40,433 | +23.3% |
| 347.2 | Culture / Recreation - Parks and Recreation | $131,626 | $76,826 | +71.3% |
| 347.3 | Culture / Recreation - Cultural Services | $289,688 | $95,215 | +204.2% |
| 347.4 | Culture / Recreation - Special Events | $12,734 | $179,539 | -92.9% |
| 342.2 | Public Safety - Fire Protection | $5,200 | ||
| Judgments, Fines, and Forfeits | $105,127 | $40,395 | +160.2% | |
| 351.1 | Court-Ordered Judgments and Fines - As Decided by County Court Criminal | $32,546 | $31,432 | +3.5% |
| 351.6 | Court-Ordered Judgments and Fines - As Decided by Juvenile Court | $122 | ||
| 354 | Fines - Local Ordinance Violations | $72,459 | $8,963 | +708.4% |
| Miscellaneous Revenues | $1,902,074 | $1,387,974 | +37.0% | |
| 361.1 | Interest and Other Earnings - Interest | $1,439,243 | $974,663 | +47.7% |
| 362 | Rents and Royalties | $197,414 | $169,536 | +16.4% |
| 364 | Sales - Disposition of Fixed Assets | $75,892 | -$847 | -9060.1% |
| 369.3 | Other Miscellaneous Revenues - Settlements | $66,450 | $73,941 | -10.1% |
| 369.9 | Other Miscellaneous Revenues - Other | $123,075 | $135,780 | -9.4% |
| 366 | Contributions and Donations from Private Sources | $26,471 | ||
| 367 | Licenses | $8,430 | ||
| Other Sources | $3,451,213 | $2,902,078 | +18.9% | |
| 381 | Non-Operating - Inter-Fund Group Transfers In | $3,451,213 | $2,902,078 | +18.9% |
| Total, all account codes | $25,101,178 | $23,138,820 | +8.5% |
Expenditures by account code
Account codes and names as the Department of Financial Services' Uniform Accounting System lists them, grouped under EDR's category headings. FY2024 beside FY2023; other years from the selector.
| Code | Account | FY2024 | FY2023 | Change |
|---|---|---|---|---|
| General Government Services (Not Court-Related) | $2,829,769 | $2,468,097 | +14.7% | |
| 511 | Legislative | $113,538 | $116,682 | -2.7% |
| 512 | Executive | $815,001 | $597,942 | +36.3% |
| 513 | Financial and Administrative | $541,483 | $524,246 | +3.3% |
| 515 | Comprehensive Planning | $422,826 | $455,150 | -7.1% |
| 519 | Other General Government Services | $936,921 | $774,077 | +21.0% |
| Public Safety | $2,476,445 | $1,951,023 | +26.9% | |
| 521 | Law Enforcement | $1,302,935 | $1,205,440 | +8.1% |
| 522 | Fire Control | $1,173,510 | $745,583 | +57.4% |
| Physical Environment | $5,357,813 | $5,115,512 | +4.7% | |
| 533 | Water Utility Services | $921,486 | $890,690 | +3.5% |
| 534 | Garbage / Solid Waste Control Services | $1,491,735 | $1,361,330 | +9.6% |
| 535 | Sewer / Wastewater Services | $1,613,887 | $1,502,586 | +7.4% |
| 536 | Water-Sewer Combination Services | $1,250,836 | $1,169,942 | +6.9% |
| 539 | Other Physical Environment | $79,869 | $190,964 | -58.2% |
| Transportation | $2,549,598 | $2,569,755 | -0.8% | |
| 541 | Road and Street Facilities | $2,549,598 | $2,569,755 | -0.8% |
| Economic Environment | $1,273,816 | $1,042,358 | +22.2% | |
| 552 | Industry Development | $1,273,816 | $1,042,358 | +22.2% |
| Culture / Recreation | $2,622,513 | $2,279,606 | +15.0% | |
| 572 | Parks and Recreation | $1,781,764 | $1,561,283 | +14.1% |
| 574 | Special Events | $840,749 | $708,974 | +18.6% |
| 573 | Cultural Services | $9,349 | ||
| Other Uses and Non-Operating | $3,451,213 | $2,919,590 | +18.2% | |
| 581 | Inter-fund Group Transfers Out | $3,451,213 | $2,902,078 | +18.9% |
| 583 | Installment Purchase Acquisitions | $17,512 | ||
| Total, all account codes | $20,561,167 | $18,345,941 | +12.1% |
Sources on this page
- Florida Legislature, Office of Economic and Demographic Research (EDR), from Annual Financial Reports filed with the Department of Financial Services: Florida Office of Economic and Demographic Research, Expenditures and Revenues Reported by Florida's County and Municipal Governments. Lag: A local fiscal year ends September 30; the Annual Financial Report is due to the Department of Financial Services nine months later, and EDR tabulates the reports over the following year, so a fiscal year is usually published one to two years after it ends. Retrieved 2026-10-01. Real figures are deflated by the fiscal year average of the US Bureau of Labor Statistics South Region consumer price index; per resident figures use the population EDR prints with each year. Sources and methods.
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