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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2020 <br />NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued <br />C. Basis of Presentation - Continued <br />1. Governmental Major Funds - Continued <br />Emergency Services District Fund - The Emergency Services District Fund accounts for the <br />expenditures of providing fire protection and advanced life support to the County. <br />Financing is provided by ad valorem taxes. <br />Beach Restoration Fund - The Beach Restoration Fund accounts for the expenditures of <br />funds to preserve and improve County beaches. Funds are provided by grant funding and <br />the levy of a local tourist development tax. <br />Optional Sales Tax Fund - The Optional Sales Tax Fund, a capital projects fund, accounts <br />for revenues generated by the local option one -cent sales tax and some capital grants that <br />use the local option one -cent sales tax as matching funds. <br />2. Proprietary Major Funds <br />Solid Waste Disposal District Fund - The Solid Waste Disposal District Fund accounts for the <br />revenues, expenses, assets and liabilities associated with the County landfill. <br />Golf Course Fund - The Golf Course Fund accounts for the revenues, expenses, assets and <br />liabilities associated with the Golf Course. <br />County Utilities Fund - The County Utilities Fund accounts for the revenues, expenses, <br />assets and liabilities associated with the County water and sewer system. <br />County Building Fund - The County Building Fund accounts for revenues, expenses, assets <br />and liabilities associated with the County building permit and inspection program. <br />3. Other Fund Types <br />Internal Service Funds - Internal. Service Funds account for Fleet Management, Self <br />Insurance and Information Technology services provided to other departments of the <br />County on a cost reimbursement basis. <br />Agency Fund - The Agency Fund is used to account for assets held in a custodial capacity by <br />the County for other governmental units, other funds, individuals and businesses. Examples <br />include payroll deductions, self insurance premiums, and developer escrow funds. <br />54 <br />