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Indian River County, Florida
<br />Budgetary Comparison Schedule
<br />Spring Training Facility Bonds
<br />For the Year Ended September 30, 2013
<br />Variance
<br />Final Actual Positive
<br />Budget Amounts (Negative)
<br />REVENUES
<br />Taxes $ 386,334 $ 435,821 $ 49,487
<br />Intergovernmental 839,299 883,477 44,178
<br />Interest 5,700 5,174 (526)
<br />Total revenues 1,231,333 1,324,472 93,139
<br />EXPENDITURES
<br />Debt service:
<br />Principal 2,930,000 2,930,000
<br />Interest 635,720 625,720 10,000
<br />Total expenditures 3,565,720 3,555,720 10,000
<br />Excess of revenues under expenditures (2,334,387) (2,231,248) 103,139
<br />OTHER FINANCING SOURCES
<br />Transfers in 2,275,000 2,275,000
<br />Total other financing sources 2,275,000 2,275,000
<br />Net change in fund balances (59,387) 43,752 103,139
<br />Fund balances at beginning of year 59,387 1,758,073 1,698,686
<br />Fund balances at end of year $ - $ 1,801,825 $ 1,801,825
<br />149
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