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Indian River County, Florida Notes To Financial Statements Year Ended September 30, 2012 NOTE 9 - INTERFUND BALANCES Interfund balances at September 30, 2012, consisted of the following: Receivable Fund General Fund General Fund General Fund Payable Fund Amount Nonmajor Governmental Funds Golf Course Enterprise Fund Fleet Internal Service Fund $ 219,500 54,204 225,000 $ 498,704 In October 2010, the General Fund loaned $ 333,050 to the Golf Course Fund to purchase new golf carts. The amount reported as due from the Golf Course Fund is the current portion of the scheduled payments due to the General Fund in fiscal year 2013. The remaining amount due from the Golf Course Fund is reported as an interfund advance. The amounts due from the Fleet Internal Service Fund and the Nonmajor Governmental Funds represent short-term cash loans that will be repaid within the next twelve months. Receivable Fund Major Governmental Fund: Emergency Services District Fund Major Enterprise Fund: Solid Waste Disposal District Fund Nonmajor Governmental Funds: Land Acquisition Bonds Fund Street Lighting Districts Fund Vero Lake Estates Fund East Gifford Stormwater Fund Total Nonmajor Governmental Funds Payable Fund General Fund General Fund General Fund General Fund General Fund General Fund Amount $ 239,268 $ 98,365 $ 74,417 2,317 1,193 13 $ 77,940 Total: $ 415,573 Amounts due from the General Fund represent excess fees and payments of the constitutional officers remitted to various funds subsequent to September 30, 2012. Interfund advances at September 30, 2012, consisted of the following: Receivable Fund Payable Fund Secondary Roads Construction Fund Golf Course Fund General Fund Golf Course Fund Amount $ 255,000 188,416 $ 443,416 These amounts are considered long-term advances between major funds expected to be paid over the course of several years. These amounts have been presented as nonspendable on the General and Secondary Roads Construction Funds balance sheets. 70