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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 7 - INTERFUND BALANCES - Continued <br />Interfund advance at September 30, 2014, consisted of the following: <br />Receivable Fund Payable Fund Amount <br />General Fund <br />Golf Course Fund $ 877,237 <br />This amount is considered a long-term advance between major funds expected to be paid over the course <br />of several years. This amount has been presented as nonspendable on the General Fund Balance Sheet. <br />NOTE 8 - INTERFUND TRANSFERS <br />Interfund transfers for the year ended September 30, 2014, consisted of the following: <br />Transfers In <br />Transfers Out: <br />General Fund <br />Transportation Fund <br />Optional Sales <br />Tax Fund <br />Solid Waste <br />Disposal District <br />Internal Service <br />Fund <br />Secondary <br />Roads Nonmajor Internal <br />General Construction Transportation Governmental Utilities Service <br />Fund Fund Fund Funds Fund Fund <br />Total <br />$ $ - $ 7,657,704 $ 142,039 $ - $ 35,848 $ 7,835,591 <br />258,613 125,000 383,613 <br />8,512 <br />183,393 183,393 <br />75,414 <br />75,414 <br />8,512 <br />Total $ 8,512 $ 258,613 $ 7,657,704 $ 325,432 $ 75,414 $ 160,848 $ 8,486,523 <br />Transfers are used for the following purposes: 1) use unrestricted general fund revenues to finance <br />transportation activities which are accounted for in a special revenue fund, 2) use unrestricted general <br />fund revenues for beach restoration activities which must be accounted for in another fund, 3) use <br />unrestricted general fund revenues to offset a portion of salaries and benefits expenses for an employee <br />accounted for in the health insurance fund, 4) use transportation fund revenues to offset vehicle <br />maintenance costs accounted for in the fleet internal service fund, 5) to account for transfers of capital <br />assets between two enterprise funds, 6) to use general fund and capital project fund revenues for <br />improvements to the Historic Dodgertown facility, 7) to reimburse the general fund from the self <br />insurance fund for repairs at the shooting range, and 8) to account for reimbursement of street paving <br />costs between the transportation and secondary roads construction funds. <br />264 <br />