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Indian River County,Florida
<br /> Budgetary Comparison Schedule
<br /> Land Acquisition Bonds
<br /> For the Year Ended September 30,2012
<br /> Variance
<br /> Final Actual Positive
<br /> Budget Amounts (Negative)
<br /> REVENUES
<br /> Taxes $ 5,488,937 $ 5,574,183 $ 85,246
<br /> Interest 17,100 9,866 (7,234)
<br /> Total revenues 5,506,037 5,584,049 78,012
<br /> EXPENDITURES
<br /> Debt service:
<br /> Principal 7,430,000 7,430,000
<br /> Interest 1,856,830 1,832,660 24,170
<br /> Total expenditures 9,286,830 9,262,660 24,170
<br /> Excess of revenues over(under) expenditures (3,780,793) (3,678,611) 102,182
<br /> OTHER FINANCING SOURCES (USES)
<br /> Transfers in 3,050,000 3,050,000 -
<br /> Transfers out (155,407) (112,630) 42,777
<br /> Total other financing uses 2,894,593 2,937,370 42,777
<br /> Net change in fund balances (886,200) (741,241) 144,959
<br /> Fund balances at beginning of year 886,200 1,743,781 857,581
<br /> Fund balances at end of year $ - $ 1,002,540 $ 1,002,540
<br /> f
<br /> l
<br /> 150
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