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Indian River County, Florida
<br />Statement of Revenues, Expenditures, and
<br />Changes in Fund Balances - Budget and Actual
<br />Impact Fees Fund
<br />For the Year Ended September 30, 2012
<br />Variance with
<br />Final Budget
<br />Budgeted Amounts Actual Positive
<br />Original Final Amounts (Negative)
<br />REVENUES
<br />Permits, fees and special assessments $ 1,363,250 $ 1,363,250 $ 2,267,920 $ 904,670
<br />Intergovernmental - 43,731 43,731
<br />Interest 114,000 114,000 72,788 (41,212)
<br />Miscellaneous - 484,908 484,908
<br />Total revenues 1,477,250 1,477,250 2,869,347 1,392,097
<br />EXPENDITURES
<br />Current:
<br />General government 277,891 480,142 272,699 207,443
<br />Public safety 90,000 3,218,460 472,131 2,746,329
<br />Physical environment 25,000 25,000 - 25,000
<br />Transportation 7,435,837 17,419,285 9,068,091 8,351,194
<br />Culture/recreation 2,050,000 8,052,554 2,326,872 5,725,682
<br />Total expenditures 9,878,728 29,195,441 12,139,793 17,055,648
<br />Excess of revenues over (under) expenditures (8,401,478) (27,718,191) (9,270,446) 18,447,745
<br />OTHER FINANCING USES
<br />Transfers out - (100,000) (100,000)
<br />Total other financing uses - (100,000) (100,000)
<br />Net change in fund balances (8,401,478) (27,818,191) (9,370,446) $ 18,447,745
<br />Fund balances at beginning of year 8,401,478 27,818,191 32,498,532
<br />Fund balances at end of year $ - $ - $ 23,128,086
<br />The accompanying notes are an integral part of the financial statements.
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