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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2017 <br />NOTE 7 - INTERFUND BALANCES <br />Interfund balances at September 30, 2017, consisted of the following: <br />Receivable Fund Payable Fund Amount <br />General Fund Nonmajor governmental funds $ 175,000 <br />General Fund Golf Course Enterprise Fund 339,073 <br />$ 514,073 <br />In January 2016, the General Fund loaned $254,500 to the Golf Course Fund to purchase new golf <br />carts. In September 2017, the General Fund loaned $1,100,000 to the Golf Course Fund for a new <br />irrigation system. The amount reported as due from the Golf Course Fund is the current portion of the <br />scheduled payments due to the General Fund in fiscal year 2018. The remaining amount due from the <br />Golf Course Fund is reported as an interfund advance. The amounts due from the nonmajor <br />governmental funds represent short-term cash loans that will be repaid within the next twelve months. <br />Receivable Fund Payable Fund Amount <br />Major governmental funds: <br />Emergency Services District Fund General Fund $ 334,113 <br />Optional Sales Tax Fund General Fund 7,158 <br />$ 341,271 <br />Major enterprise fund: <br />Solid Waste Disposal District Fund General Fund $ 124,787 <br />Internal service fund: <br />Self Insurance Fund General Fund $ 311,200 <br />Nonmajor governmental funds: <br />Land Acquisition Bonds Fund General Fund $ 56,180 <br />Street Lighting Districts Fund General Fund 3,214 <br />Vero Lake Estates Fund General Fund 2,760 <br />East Gifford Stormwater Fund General Fund 11 <br />Total nonmajor governmental funds $ 62,165 <br />Total $ 839,423 <br />Amounts due from the General Fund represent excess fees and payments of the constitutional officers <br />remitted to various funds subsequent to September 30, 2017. <br />71 <br />