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Indian River County, Florida
<br />Budgetary Comparison Schedule
<br />Land Acquisition Bonds
<br />For the Year Ended September 30, 2012
<br />Variance
<br />Final Actual Positive
<br />Budget Amounts (Negative)
<br />REVENUES
<br />Taxes $ 5,488,937 $ 5,574,183 $ 85,246
<br />Interest 17,100 9,866 (7,234)
<br />Total revenues 5,506,037 5,584,049 78,012
<br />EXPENDITURES
<br />Debt service:
<br />Principal 7,430,000 7,430,000
<br />Interest 1,856,830 1,832,660 24,170
<br />Total expenditures 9,286,830 9,262,660 24,170
<br />Excess of revenues over (under) expenditures (3,780,793) (3,678,611) 102,182
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in 3,050,000 3,050,000
<br />Transfers out (155,407) (112,630) 42,777
<br />Total other financing uses 2,894,593 2,937,370 42,777
<br />Net change in fund balances (886,200) (741,241) 144,959
<br />Fund balances at beginning of year 886,200 1,743,781 857,581
<br />Fund balances at end of year $ $ 1,002,540 $ 1,002,540
<br />150
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