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Certificate of Achievement for Excellence in Financial Reporting, which we received for our 1987 Comprehensive Annual Financial Report, and at this time Indian River County is one of only 187 counties throughout the United States that have received this certificate.. Page 1 of the Financial Section is the Report of the Independent Accountants, and it is a non-qualified opinion, which is the highest opinion you can receive. Pages 4 and 5, which are the Combined Balance Sheet for the County as a whole, show that the County had Total Assets of $165,740,000 as of September 30, 1988, and a Total Fund Equity of $99,662,000. Mr. Fry wished to point out that the Total Fund Equity also includes $43,923,000 as an investment in our General Fixed Assets. Pages 8-11 is the Combined Statement of Revenues, Expenditures and Changes in Fund Balances for the General Fund, Special Revenue Funds, Debt Service Funds, and Capital Projects. Page 12 is the Combined Statement for the Enterprise Funds and Fleet Management. Pages 14-52 are the Notes to the Financial Statements, which explain many things which are not evident in the statements. Pages 54-55 are descriptions of all Special Revenue Funds. This is where you see the Law Library Fund and some funds under the control of the Clerk and the Sheriff. Pages 56-59 contain the Balance Sheet for each Special Revenue Fund. Pages 60-75 are the Combining Statements of Revenues, Expendi- tures and Changes in Fund Balances for each Special Revenue Fund. Page 77 describes the Debt Service Funds. This was the last year for the Beach Bonds and now have Refunding and Improvements Bonds and Special Assessments on Route 60 Water 8 Sewer Projects. Pages 78-79 is the Combining Balance Sheet for the Debt Service Funds, followed by the Combining Statement of Revenues, Expendi- tures, etc. Page 85 is a description of the Capital Projects Funds. Pages 86-87 is the Combining Balance Sheet for the Capital Projects Funds, followed by the Combining Statement of Revenues, Expenditures, etc. Page 95 is a description of the Enterprise Funds. This is where the Housing Authority is located, and it is the first year they have been classified as an enterprise fund because they now have income coming in from their projects. Pages 96-99 are the Combining Balance Sheets for each individual Enterprise Fund, followed by the Combining Statement of Revenues, Expenditures, etc. Finance Director Fry wished to note in regard to the Solid Waste Disposal District Fund that we had a loss this year which MAY 2 � 1989 35 mu �10 i ,� F 917