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Indian River County, Florida
<br />Statement of Revenues, Expenditures, and
<br />Changes in Fund Balances - Budget and Actual
<br />Beach Restoration Fund
<br />For the Year Ended September 30, 2020
<br />Variance with
<br />Final Budget
<br />Budgeted Amounts Actual Positive
<br />Original Final Amounts (Negative)
<br />REVENUES
<br />Taxes $ 997,500 $ 997,500 $ 1,017,849 $ 20,349
<br />Intergovernmental 1,748,751 76,028 (1,672,723)
<br />Interest 9,500 9,500 230,101 220,601
<br />Total revenues 1,007,000 2,755,751 1,323,978 (1,431,773)
<br />EXPENDITURES
<br />Culture/recreation 2,112,704 11,114,057 7,432,799 3,681,258
<br />Total expenditures 2,112,704 11,114,057 7,432,799 3,681,258
<br />Excess of revenues over (under) expenditures (1,105,704) (8,358,306) (6,108,821) 2,249,485
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in
<br />Total other financing sources (uses)
<br />193,933 193,933 193,933
<br />193,933 193,933 193,933
<br />Net change in fund balances (911,771) (8,164,373) (5,914,888) $ 2,249,485
<br />Fund balances at beginning of year 911,771 8,164,373 17,439,249
<br />Fund balances at end of year $ $ - $ 11,524,361
<br />The accompanying notes are an integral part of the financial statements.
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