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Indian River County, Florida
<br />Statement of Revenues, Expenditures, and
<br />Changes in Fund Balances - Budget and Actual
<br />Land Acquisition Fund
<br />For the Year Ended September 30, 2006
<br />n I
<br />The accompanying notes are an integral part of the financial statements.
<br />30 U I
<br />Variance with
<br />Final Budget
<br />Budgeted Amounts
<br />Actual
<br />Positive
<br />Original
<br />Final
<br />Amounts
<br />(Negative)
<br />REVENUES
<br />Intergovernmental $
<br />- $
<br />626,629 $
<br />902,991
<br />$ 276,362
<br />Interest
<br />-
<br />-
<br />599,391
<br />599,391
<br />Total revenues
<br />-
<br />626,629
<br />1,502,382
<br />875,753
<br />EXPENDITURES
<br />Current:
<br />Physical environment
<br />1,400,000
<br />21,497,963
<br />7,958,903
<br />13,539,060
<br />Debt service:
<br />Interest and fiscal charges
<br />-
<br />-
<br />579,792
<br />(579,792)
<br />Total expenditures
<br />1,400,000
<br />21,497,963
<br />8,538,695
<br />12,959,268
<br />Excess of revenues over (under) expenditures
<br />(1,400,000)
<br />(20,871,334)
<br />(7,036,313)
<br />13,835,021
<br />OTHER FINANCING SOURCES (USES)
<br />Debt issuance
<br />-
<br />20,000,000
<br />49,996,735
<br />29,996,735
<br />Total other financing sources (uses)
<br />-
<br />20,000,000
<br />49,996,735
<br />29,996,735
<br />Net change in fund balances
<br />(1,400,000)
<br />(871,334)
<br />42,960,422
<br />$ 43,831,756
<br />Fund balances at beginning of year
<br />1,400,000
<br />871,334
<br />562,054
<br />Fund balances at end of year $
<br />- $
<br />- $
<br />43,522,476
<br />n I
<br />The accompanying notes are an integral part of the financial statements.
<br />30 U I
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