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Indian River County, Florida n Notes To Financial Statements (I Year Ended September 30, 2006 NOTE 10 - INTERFUND TRANSFERS Transfers are used to 1) move revenues from the fund that state law requires to collect them to the fund that state law requires to expend them, 2) provide matching funds for grants, 3) use unrestricted general fund revenues to finance transportation activities which must be accounted for in another fund, 4) use unrestricted general fund revenues for beach restoration activities which must be accounted for in another fund, 5) use unrestricted general fund revenues to subsidize a business activity, the Shooting Range, 6) allocate hurricane insurance proceeds to the appropriate fund, 7) transfer balance of completed capital projects funds, and 8) provide funding for construction of the County Administration Building. 71 Interfund transfers for the year ended September 30, 2006, consisted of the following: Transfers to General Fund from: Emergency Services District Fund $ 513,792 Golf Course Fund 44,530 Nonmajor governmental funds 441,595 Internal service fund 3,705,837 Transfers to Transportation Fund from: General Fund 11,048,573 Transfers to Emergency Services District Fund from: Internal Service Fund 738,100 Transfers to Optional Sales Tax Fund from: General Fund 807,488 Solid Waste Disposal District Fund 126,193 Utilities Fund 3,100,735 Nonmajor enterprise funds 2,352,593 Transfers to Solid Waste Disposal District Fund from: Internal Service Fund 15,514 Transfers to Utilities Fund from: Internal Service Fund 132,062 Transfers to Nonmajor governmental funds from: General Fund 189,254 All other transfers 50,667 aTransfers to nonmajor enterprise funds from: General Fund 195,644 Internal Service Fund 179,562 All other transfers 40,423 Total transfers 23,682,562 Transfers are used to 1) move revenues from the fund that state law requires to collect them to the fund that state law requires to expend them, 2) provide matching funds for grants, 3) use unrestricted general fund revenues to finance transportation activities which must be accounted for in another fund, 4) use unrestricted general fund revenues for beach restoration activities which must be accounted for in another fund, 5) use unrestricted general fund revenues to subsidize a business activity, the Shooting Range, 6) allocate hurricane insurance proceeds to the appropriate fund, 7) transfer balance of completed capital projects funds, and 8) provide funding for construction of the County Administration Building. 71