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Indian River County, Florida <br />Board of County Commissioners <br />Notes To Financial Statements <br />Year Ended September 30, 2014 <br />NOTE 6 — PAYABLE FROM RESTRICTED ASSETS <br />Liabilities payable from the Board's Enterprise Funds restricted assets are as follows: <br />Accounts payable <br />Retainage payable <br />Accrued interest payable <br />Bonds payable (current portion) <br />Closure/maint. costs payable <br />Customer deposits <br />Total <br />Solid Waste <br />Disposal <br />District <br />$ <br />11,509,736 <br />133,626 <br />$ 11,643,362 <br />NOTE 7 - INTERFUND BALANCES <br />County <br />Utilities <br />$ 23,398 <br />31,410 <br />150,288 <br />3,485,000 <br />2,808,885 <br />Total <br />$ 23,398 <br />31,410 <br />150,288 <br />3,485,000 <br />11,509,736 <br />2,942,511 <br />$ 6,498,981 $ 18,142,343 <br />Interfund balances at September 30, 2014, consisted of the following: <br />Receivable Fund <br />General Fund <br />General Fund <br />General Fund <br />Payable Fund Amount <br />Nonmajor Governmental Funds <br />Golf Course Enterprise Fund <br />Fleet Internal Service Fund <br />$ 274,500 <br />865,051 <br />7,000 <br />$ 1,146,551 <br />In October 2010, the General Fund loaned $333,050 to the Golf Course Fund to purchase new golf carts. <br />In September 2013, the General Fund loaned $1,565,000 to the Golf Course Fund for early payoff of the <br />2003 Recreational Revenue Bonds. In September 2014, the General Fund loaned $630,000 to the Golf <br />Course Fund for a new irrigation system. The amount reported as due from the Golf Course Fund is the <br />current portion of the scheduled payments due to the General Fund in fiscal year 2015. The remaining <br />amount due from the Golf Course Fund is reported as an interfund advance. The amounts due from the <br />Fleet Internal Service Fund and the Nonmajor Governmental Funds represent short-term cash loans that <br />will be repaid within the next twelve months. <br />263 <br />