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aIndian River County, Florida
<br />Notes To Financial Statements
<br />n Year Ended September 30, 2006
<br />u Component Unit
<br />Housing Authority 810,784 857,465 (46,681)
<br />NOTE 4 - CASH AND CASH EQUIVALENTS
<br />The County maintains a cash and investment pool that is available for use by all funds except those
<br />whose cash and investments must be segregated due to bond covenants or other legal restrictions.
<br />A. Deposits
<br />At September 30, 2006, the carrying amount of the primary government's deposits was $20,772,435 and
<br />the bank balance was $27,736,493. The County's policy requires all deposits with financial institutions
<br />to be 100% insured by federal depository insurance or by collateral provided by qualified public
<br />a depositories to the State Treasurer, in accordance with Section 280.01, Florida Statutes also known as
<br />the Florida Security for Public Deposit Act. The Act established a Trust Fund, maintained by the State
<br />Treasurer, which is a multiple financial institution pool with the ability to assess its member financial
<br />institutions for collateral shortfalls if a member fails.
<br />The carrying amount of the component unit's deposits totaled $936,485 and the bank balance was
<br />$933,900. As of September 30, 2006, the component unit had $52,312 in a certificate of deposit that
<br />will mature in January 2007 with an annual yield of 4.89%. The component unit had a second certificate
<br />of deposit in the amount of $10,044 that will mature in March 2007 with an annual yield of 5.22%.
<br />U63
<br />NOTE 3 - STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
<br />Budgets and Budgetary Accounting — Continued
<br />(9) The following is a comparison of the total appropriations
<br />to gross expenses for the proprietary
<br />funds for the fiscal year ended September 30, 2006:
<br />Variance
<br />Total
<br />Positive
<br />Appropriations
<br />Ecpenses
<br />(Negative)
<br />a
<br />Primary Government
<br />Enterprise Funds:
<br />Solid Waste Disposal District $ 12,940,224
<br />$ 11,689,045
<br />$ 1,251,179
<br />Shooting Range 413,454
<br />3,352,742
<br />412,759
<br />3,103,050
<br />695
<br />249,692
<br />Golf Course
<br />County Building 6,510,416
<br />6,142,422
<br />367,994
<br />County Utilities 42,946,200
<br />36,491,470
<br />6,454,730
<br />Internal Service Funds:
<br />Fleet Management 3,546,011
<br />3,435,782
<br />110,229
<br />a
<br />Self Insurance 23,241,464
<br />19,784,043
<br />3,457,421
<br />GIS 395,000
<br />56,277
<br />338,723
<br />u Component Unit
<br />Housing Authority 810,784 857,465 (46,681)
<br />NOTE 4 - CASH AND CASH EQUIVALENTS
<br />The County maintains a cash and investment pool that is available for use by all funds except those
<br />whose cash and investments must be segregated due to bond covenants or other legal restrictions.
<br />A. Deposits
<br />At September 30, 2006, the carrying amount of the primary government's deposits was $20,772,435 and
<br />the bank balance was $27,736,493. The County's policy requires all deposits with financial institutions
<br />to be 100% insured by federal depository insurance or by collateral provided by qualified public
<br />a depositories to the State Treasurer, in accordance with Section 280.01, Florida Statutes also known as
<br />the Florida Security for Public Deposit Act. The Act established a Trust Fund, maintained by the State
<br />Treasurer, which is a multiple financial institution pool with the ability to assess its member financial
<br />institutions for collateral shortfalls if a member fails.
<br />The carrying amount of the component unit's deposits totaled $936,485 and the bank balance was
<br />$933,900. As of September 30, 2006, the component unit had $52,312 in a certificate of deposit that
<br />will mature in January 2007 with an annual yield of 4.89%. The component unit had a second certificate
<br />of deposit in the amount of $10,044 that will mature in March 2007 with an annual yield of 5.22%.
<br />U63
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