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Indian River County, Florida <br /> Notes To Financial Statements <br /> Year Ended September 30, 2015 <br /> NOTE 10—DUE FROM OTHER GOVERNMENTS <br /> Governmental Funds <br /> On. November 18, 2008, the County entered into a locally funded agreement with the Florida <br /> Department of Transportation (FDOT)to advance the six-laning of State Road 60 from 82nd Avenue to <br /> 1-95 (Segment Two). The agreement obligated the County to pay $14,429,754 to the FDOT. Payment <br /> was made in November 2008 to the FDOT. Funding was from the Optional Sales Tax Fund. <br /> Reimbursement by the FDOT for Segment Two will be in quarterly installments over a four-year period <br /> which began in July 2011. Repayments to the County will include principal and any accumulated <br /> interest earnings that have not been used for supplemental costs of the project. <br /> Optional Sales <br /> Tax Fund <br /> Segment Two Amount Advance Funded $ 14,429,754 <br /> Less: Reimbursements received as of 9/30/2015 (13,986,779) <br /> Balance Due from FDOT SR60 Agreement 442,975 <br /> Additional Funds Due from other governments 2,472,546 <br /> Total Due from other governments $ 2,915,521 <br /> 79 <br />