|
Indian River County, Florida
<br /> Notes To Financial Statements
<br /> Year Ended September 30, 2015
<br /> NOTE 8 -INTERFUND BALANCES - Continued
<br /> Interfund advances at September 30, 2015, consisted of the following:
<br /> Receivable Fund Payable Fund Amount
<br /> General Fund Golf Course Fund S 212,500
<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 9 -INTERFUND TRANSFERS
<br /> Interfund transfers for the year ended September 30, 2015, consisted of the following:
<br /> Transfers in:
<br /> Nomnajor Internal
<br /> General Impact Fees Transportation Governmental Enterprise Service
<br /> Transfers Out: Fund Fund Fund Funds Funds Funds Total
<br /> General Fund $ $ $ 8,573,172 $ 121,763 $ $ 37,516 $ 8,732,451
<br /> Impact Fees Fund - 54,697 24,990 - 79,687
<br /> Transportation Fund - 75,990 75,000 150,990
<br /> Emergency Services District Fund 460,942 - - - 460,942
<br /> Optional Sales Tax Fund 679,720 773,780 1,453,500
<br /> Nonmajor Governmental Funds 326,832 57,075 - 93,042 - - 476,949
<br /> Total $ 1,467,494 $ 57,075 $ 8,573,172 $ 1,043,282 $ 100,980 $ 112,516 $ 11,354,519
<br /> Transfers are used for the following purposes: 1) use unrestricted general fund revenues to finance
<br /> transportation activities which are accounted for in a special revenue fund, 2) use unrestricted general
<br /> fund revenues for beach restoration activities which must be accounted for in another fund, 3) use
<br /> unrestricted general fund revenues to offset a portion of salaries and benefits expenses for an employee
<br /> accounted for in the health insurance fund, 4) use impact fee fund revenues to offset portion of landfill
<br /> improvements, 5) use unrestricted stormwater revenues to offset Egret Marsh employee costs accounted
<br /> for in the utilities fund, 6) use transportation fund revenues to offset vehicle maintenance costs
<br /> accounted for in the fleet internal service fund, 7) to use capital project fund revenues for improvements
<br /> to the Historic Dodgertown facility and County Jail, 8) provide matching funds for grants, 9) move
<br /> revenues from the fund that state law requires to collect them to the fund that state law requires to
<br /> expend them, and 10) to use nonmajor governmental fund revenues to offset prior year expenditures
<br /> related to a boat ramp project in the impact fees fund.
<br /> 78
<br />
|