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Indian River County, Florida Notes To Financial Statements Year Ended September 30, 2015 NOTE 8 -INTERFUND BALANCES Interfund balances at September 30, 2015, consisted of the following: Receivable Fund Payable Fund Amount General Fund Nonmajor Governmental Funds $ 405,000 General Fund Golf Course Enterprise Fund 799,593 $ 1,204,593 In October 2010, the General Fund loaned $333,050 to the Golf Course Fund to purchase new golf carts. In September 2013, the General Fund loaned $1,565,000 to the Golf Course Fund to pay off the Series 2003 Recreational Revenue Refunding Bonds. In September 2014, the General Fund loaned $630,000 to the Golf Course Fund for a new irrigation system. In September 2015, the General Fund loaned the Golf Course Fund $135,000 as a short-term cash loan to be repaid within the next twelve months. The amount reported as due from the Golf Course Fund is the current portion of the scheduled payments due to the General Fund in fiscal year 2016. The remaining amount due from the Golf Course Fund is reported as an interfund advance. The amounts due from the Nonmajor Governmental Funds represent short-term cash loans that will be repaid within the next twelve months. Receivable Fund Payable Fund Amount Major Governmental Funds: Emergency Services District Fund General Fund $ 260,235 Optional Sales Tax Fund General Fund 16,456 $ 276,691 Major Enterprise Fund: Solid Waste Disposal District Fund General Fund $ 110,363 Nonmajor Governmental Funds: Land Acquisition Bonds Fund General Fund $ 59,608 Street Lighting Districts Fund General Fund 2,565 Clerk Special Revenue Fund General Fund 94,913 Vero Lake Estates Fund General Fund 2,962 East Gifford Stormwater Fund General Fund 13 Total Nonmajor Governmental Funds $ 160,061 Total $ 547,115 Amounts due from the General Fund represent excess fees and payments of the constitutional officers remitted to various funds subsequent to September 30, 2015. 77