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Indian River County,Florida <br /> Notes To Financial Statements <br /> Year Ended September 30, 2012 <br /> ( NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES—Continued <br /> I <br /> C. Basis of Presentation - Continued <br /> 1. Governmental Major Funds - Continued <br /> ( Emergency Services District Fund — The Emergency Services District Fund accounts for the <br /> expenditures of providing fire protection and advanced life support to the County. Financing is <br /> provided by ad valorem taxes. <br /> Optional Sales Tax Fund— The Optional Sales Tax Fund accounts for revenues generated by the local <br /> option one-cent sales tax and some capital grants that use the local option one-cent sales tax as <br /> matching funds. Monies are used for various capital projects. <br /> 2. Proprietary Major Funds <br /> Solid Waste Disposal District Fund — The Solid Waste Disposal District Fund accounts for the <br /> revenues, expenses, assets and liabilities associated with the County landfill. <br /> Golf Course Fund — The Golf Course Fund accounts for the revenues, expenses, assets and liabilities <br /> !! associated with the Golf Course. <br /> I <br /> County Utilities Fund — The County Utilities Fund accounts for the revenues, expenses, assets and <br /> liabilities associated with the County water and sewer system. <br /> County Building Fund — The County Building Fund accounts for revenues, expenses, assets and <br /> liabilities associated with the County building permit and inspection program. <br /> 3. Other Fund Types: <br /> Internal Service Funds — Internal Service Funds account for Fleet Management, Self Insurance and <br /> Geographic Information Systems services provided to other departments of the County on a cost <br /> reimbursement basis. <br /> Agency Fund The Agency Fund is used to account for assets held in a custodial capacity by the <br /> County for other governmental units, other funds, individuals and businesses. Examples include payroll <br /> deductions, self insurance premiums, and developer escrow funds. <br /> Other Postemployment Benefits Trust Fund— The Other Postemployment Benefits Trust Fund (Trust) <br /> accounts for activities of the Trust, which accumulates resources for health insurance benefit payments <br /> for current retirees and for current employees upon their retirement. Contributions are recorded when <br /> earned and benefit payments and refunds when incurred within each year. <br /> 49 <br />