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INDIAN RIVER COUNTY, FLORIDA <br />NOTES TO FINANCIAL STATEMENTS - CONTINUED <br />Year Ended September 30, 1991 <br />1. Summary of Significant Accounting Policies - Continued: <br />Total Columns on Combined Statements - Overview - Total columns on the combined <br />statements are captioned "Memorandum Only" to indicate that they are presented <br />only to facilitate financial analysis. Data in these columns do not present <br />financial position, results of operations, or cash flows in conformity with <br />generally accepted accounting principles. Neither are such data comparable in a <br />consolidation. Interfund eliminations have not been made in the aggregation of <br />these data. <br />U. Statements of Cash Flows - During the 1991 fiscal year, the County adopted GASB <br />Statement No. 9, "Reporting Cash Flows of Proprietary and Nonexpendable Trust <br />Funds and Governmental Entities That Use Proprietary Fund Accounting". As a <br />result, the Statement of Changes in Financial Position for proprietary fund <br />types has been replaced by the Statement of Cash Flows. <br />2. Cash and Investments: <br />The County maintains a cash and investment pool that is available for use by all <br />funds except those whose cash and investments must be segregated due to bond cove- <br />nants or other legal restrictions. <br />Deposits - At September 30, 1991, the carrying amount of the County's deposits was <br />$5,186,338 made up of demand deposits, certificates of deposit, money market <br />accounts, savings accounts and petty cash. All deposits with financial institutions <br />were 1008 insured by federal depository insurance or by collateral pursuant to the <br />Public Depository Security Act of the State of Florida. Various deposits were <br />earning interest from 5-10.38. <br />B-23 <br />