Laserfiche WebLink
Indian River County,Florida <br /> Notes To Financial Statements <br /> Year Ended September 30, 2009 <br /> NOTE 1 —SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES—Continued <br /> A. Reporting Entity—Continued <br /> Blended Component Units <br /> Solid Waste Disposal District (SWDD) — Created pursuant to County Ordinance 87-67, the Board of <br /> County Commissioners serves as the Board for the SWDD and sets the non ad valorem assessment fees <br /> for the SWDD. Although legally separate, the SWDD is appropriately blended as a proprietary fund <br /> type(enterprise)component unit into the primary government. <br /> Emergency Services District (EMS) — Created pursuant to County Ordinance 90-25, the Board of <br /> County Commissioners serves as the Board for the EMS and sets the millage rate for the EMS. <br /> Although legally separate, the EMS is appropriately blended as a governmental fund type (special <br /> revenue) component unit into the primary government. <br /> Discretely Presented Component Unit <br /> Indian River County Housing Authority (IRCHA) — Created pursuant to Chapter 421, Florida Statutes, <br /> the IRCHA, whose Board is appointed by the State of Florida, provides subsidized public housing in <br /> accordance with federal legislation. The County provides a subsidy for the operations of the IRCHA, <br /> maintains budgetary control over that subsidy, and provides use of certain furniture and equipment at <br /> no charge. Appropriations from the County totaled $143,070 and the related actual operating costs <br /> totaled $132,350 for the fiscal year. Since the IRCHA is fiscally dependent on the County, it has been <br /> reported in a separate column in the government-wide financial statements, as a discretely presented <br /> component unit,to emphasize that it is legally separate from the government. <br /> Separate financial statements for the Indian River County Housing Authority are available in the <br /> administrative office located at 1028 20"'Place,Vero Beach, Florida 32960. <br /> B. Measurement Focus and Basis of Accounting <br /> The basic financial statements of the County are composed of the following: <br /> • Government-wide financial statements <br /> • Fund financial statements <br /> Notes to the financial statements <br /> 43 <br />