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Indian River County, Florida
<br />Statement of Revenues, Expenditures, and
<br />Changes in Fund Balances - Budget and Actual
<br />Secondary Roads Construction Fund
<br />For the Year Ended September 30, 2017
<br />Variance
<br />with Final
<br />Budget
<br />Budgeted Amounts Actual Positive
<br />Original Final Amounts (Negative
<br />REVENUES
<br />Taxes
<br />$ 3,529,250 $ 3,529,250 $
<br />3,821,095
<br />$ 291,845
<br />Intergovernmental
<br />- 6,067,331
<br />1,635,138
<br />(4,432,193)
<br />Interest
<br />23,750 23,750
<br />72,527
<br />48,777
<br />Miscellaneous
<br />- -
<br />43,071
<br />43,071
<br />Total revenues
<br />3,553,000 9,620,331
<br />5,571,831
<br />(4,048,500
<br />EXPENDITURES
<br />Transportation 7,688,044 16,724,164 7,032,264 9,691,900
<br />Total expenditures 7,688,044 16,724,164 7,032,264 9,691,900
<br />Excess of revenues over (under) expenditures 4,135,044) (7,103,833)_(1,460,433) 5,643,400
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers out - (444,320) (444,320)
<br />Total other financing sources (uses) - 444,320 (444,320) -
<br />Net change in fund balances
<br />Fund balances at beginning of year
<br />Fund balances at end of year
<br />(4,135,044) (7,548,153) (1,904,753) $ 5,643,400
<br />4,135,044 7,548,153 11,785,519
<br />$ 9,880,766
<br />The accompanying notes are an integral part of the financial statements.
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