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INDIAN RIVER COUNTY, FLORIDA <br />NOTES TO FINANCIAL STATEMENTS - CONTINUED <br />Year Ended September 30, 1990 <br />5. Interfund Accounts - Continued: <br />Fund <br />Enterprise Funds: <br />Solid Waste Disposal District <br />Golf Course <br />County Building <br />Water and Sewer System (includes <br />Advance To Other Funds of $607,500) <br />Receivable Payable <br />1,977 <br />3,955 <br />7,909 <br />648,058 <br />Internal Service Funds: <br />Self Insurance 103,833 <br />Agency Funds: <br />Clerk 72,168 <br />Sheriff 22,299 <br />Property Appraiser 127,379 <br />Totals S 4,025.958 X54,025.958 <br />6. Long -Term Debt: <br />A. Enterprise Fund Revenue Bonds - The County has adopted resolutions for bonds <br />payable that provide for various covenants. These covenants are listed below <br />for each bond payable. <br />Solid Waste Disposal System Revenue Bonds, Series 1988 <br />(1) Pledge of Revenue - The Series 1988 bonds are payable from and collateral- <br />ized by a lien on net revenues of the system, including the proceeds <br />derived from the collection of disposal charges which are annual assess- <br />ment charges against assessable property for the disposal of solid waste. <br />(2) Establishment of Various Accounts <br />a. Operating account to pay all operating and maintenance costs of the <br />system. <br />b. Sinking Fund account to pay principal and interest payments coming due <br />during the current fiscal year. <br />c. Reserve account to accumulate an amount equal to the maximum amount of <br />principal and interest coming due in any ensuing fiscal year. <br />d. Renewal and Replacement Fund and capital projects account to pay for <br />the costs of enlargements, replacements or emergency repairs to the <br />system. The amounts to be maintained in these accounts are determined <br />by consulting engineers. The amounts in these accounts are restricted <br />by the bond resolution. <br />25 <br />