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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2013 <br />NOTE 9 - INTERFUND BALANCES - Continued <br />Interfund advances at September 30, 2013, consisted of the following: <br />Receivable Fund Payable Fund Amount <br />General Fund Golf Course Fund $ 1,112,427 <br />This amount is considered a long-term advance between major funds expected to be paid over the <br />course of several years. This amount has been presented as nonspendable on the General Fund balance <br />sheet. <br />NOTE 10 - INTERFUND TRANSFERS <br />Interfund transfers for the year ended September 30, 2013, consisted of the following: <br />Transfers In: <br />Nonmajor <br />General Transportation Govemmental Internal Service <br />Fund Fund Funds Fund <br />Total <br />Transfers Out: <br />General Fund $ $ 7,459,882 $ 2,390,823 $ 35,488 $ 9,886,193 <br />Impact Fees Fund - - 321,031 321,031 <br />Emergency Services District Fund 336,797 - - 336,797 <br />Optional Sales Tax Fund 817,655 - 600,000 1,417,655 <br />Nonmajor Governmental Funds 552,102 - 26,409 578,511 <br />Total $ 1,706,554 $ 7,459,882 $ 3,338,263 $ 35,488 $ 12,540,187 <br />Transfers are used for the following purposes: 1) use unrestricted general fund revenues to finance <br />transportation activities which must be accounted for in a special revenue fund, 2) use unrestricted <br />general fund revenues for beach restoration activities which must be accounted for in another fund, 3) <br />provide matching funds for grants, 4) move revenues from the fund that state law requires to collect <br />them to the fund that state law requires to expend them, 5) use unrestricted general fund revenues to pay <br />off a bond issue, 6) use unrestricted general fund revenues to pay down a portion of an outstanding <br />bond issue, 7) use unrestricted general fund revenues to offset a portion of salaries and benefits <br />expenses for an employee accounted for in the health insurance fund, 8) use optional sales tax fund <br />revenues for purchase of new vehicles for the Sheriff's departments and renovations at the Historic <br />Dodgertown facility, and 9) to close a debt service fund. <br />73 <br />