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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2012 <br />NOTE 10 - INTERFUND TRANSFERS <br />Interfund transfers for the year ended September 30, 2012, consisted of the following: <br />Transfers In: <br />Nonmajor <br />General Transportation Governmental Internal Service <br />Fund Fund Funds Fund <br />Transfers Out: <br />Total <br />General Fund $ $ 7,499,582 $ 3,164,129 $ 35,438 $ 10,699,149 <br />Impact Fees Fund <br />100,000 100,000 <br />Emergency <br />Services District <br />Fund 379,401 - - - 379,401 <br />Nonmaj or <br />Governmental <br />Funds <br />Golf Course Fund <br />313,629 <br />130,805 - 444,434 <br />7,532 - - - 7,532 <br />Total $ 700,562 $ 7,499,582 $ 3,394,934 $ 35,438 $ 11,630,516 <br />Transfers are used for the following purposes: 1) use unrestricted general fund revenues to finance <br />transportation activities which must be accounted for in a special revenue fund, 2) use unrestricted <br />general fund revenues for beach restoration activities which must be accounted for in another fund, 3) <br />provide matching funds for grants, 4) move revenues from the fund that state law requires to collect <br />them to the fund that state law requires to expend them, 5) use unrestricted general fund revenues to pay <br />off a bond issue, 6) reimburse the general fund for a golf course server, and 7) use unrestricted general <br />fund revenues to offset a portion of salaries and benefits expenses for an employee accounted for in the <br />health insurance fund. <br />71 <br />