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Indian River County, Florida Notes To Financial Statements Year Ended September 30, 2011 NOTE 9 - INTERFUND BALANCES Interfund balances at September 30, 2011, consisted of the following: Receivable Fund General Fund General Fund General Fund Payable Fund Amount Nonmajor Governmental Funds $ 272,000 Golf Course Enterprise Fund 52,604 Fleet Internal Service Fund 190,000 $ 514,604 In October 2010, the General Fund loaned $ 333,050 to the Golf Course Fund to purchase new golf carts. The amount reported as due from the Golf Course Fund is the current portion of the scheduled payments due to the General Fund in fiscal year 2012. The remaining amount due from the Golf Course Fund is reported as an interfund advance. The amounts due from the Fleet Internal Service Fund and the Nonmajor Governmental Funds represent short-term cash loans that will be repaid within the next twelve months. Receivable Fund Payable Fund Amount Major Governmental Fund: Emergency Services District Fund General Fund $ 260,414 Major Enterprise Fund: Solid Waste Disposal District Fund General Fund $ 96,850 Nonmajor Governmental Funds: Land Acquisition Bonds Fund General Fund $ 75,290 Street Lighting Districts Fund General Fund 2,406 Vero Lake Estates Fund General Fund 1,230 East Gifford Stormwater Fund General Fund 12 Total Nonmajor Governmental Funds $ 78,938 Total: $ 436,202 Amounts due from the General Fund represent excess fees and payments of the constitutional officers remitted to various funds subsequent to September 30, 2011. Interfund advances at September 30, 2011, consisted of the following: Receivable Fund Secondary Roads Construction Fund General Fund Payable Fund Amount Golf Course Fund $ 510,000 Golf Course Fund 242,751 $ 752,751 These amounts are considered long-term advances between major funds expected to be paid over the course of several years. These amounts have been presented as nonspendable on the General and Secondary Roads Construction Funds Balance Sheets. 70