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Indian River County, Florida
<br />' Notes To Financial Statements
<br />Year Ended September 30, 2014
<br />NOTE 9 - INTERFUND BALANCES - Continued
<br />Interfund advances at September 30, 2014, consisted of the following:
<br />Receivable Fund Payable Fund Amount
<br />General Fund Golf Course Fund $ 877,237
<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 />1 Interfund transfers for the year ended September 30, 2014, consisted of the following:
<br />I Transfers In:
<br />Secondary
<br />Roads Nonmajor Internal
<br />General Construction Transportation Governmental Utilities Service
<br />Transfers Out: Fund Fund Fund Funds Fund Funds Total
<br />I
<br />General Fund S $ S 7,657,704 S 144,391 S S 35,848 S 7,837,943
<br />Impact Fees Fund 116,586 - - 34,830 - 151,416
<br />I Transportation Fund' 258,613 125,000 383,613
<br />Emergency Services District Fund 428,081 428,081
<br />Optional Sales Tax Fund 834.674 - - 183,393 - 1,018,067
<br />I
<br />Nonmajor Governmental Funds 316,810 109,050 425.860
<br />Solid Waste Disposal District - - - 75,414 75,414
<br />I Internal Service Fund 8,512 8.512
<br />Total
<br />$ 1,704,663 $ 258,613 $ 7,657,704 S 471,664 S 75,414 S 160,848 S 10,328,906
<br />ITransfers 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 />1 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 transportation fund revenues to offset
<br />Ivehicle maintenance costs accounted for in the fleet internal service fund, 6) to account for transfers of
<br />capital assets between two enterprise funds, 7) use unrestricted general fund revenues to offset a portion
<br />of salaries and benefits expenses for an employee accounted for in the health insurance fund, 8) to use
<br />I
<br />general fund and capital project fund revenues for improvements to the Historic Dodgertown facility,
<br />and 9) to reimburse the general fund from the self-insurance fund for repairs at the shooting range, and
<br />I 10) to account for reimbursement of street paving costs between the transportation and secondary roads
<br />construction funds.
<br />1
<br />1 75
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