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riga That subsequent to October 1, 1936 and to this date there has been expended from said fund on account of pro rata debt, St. Lucie County, the total sum of $4050..00 leaving to be expended from said fund for said purpose a balance of 0950.00; That there has been expended to account of Tax Assessor and Tax Collector from said fund from October 1, 1936 to this date, the sum of $67.17, leaving the sum yet to be expended for said purpose as per said budget of 9332.83; That there has been expended for interest on said Court House bonds from October 1, 1936 to this date, the sum of $770.00, which, deducted from the sum of $41#0,00 required to be provided for interest and sinking fund of said Court House bonds for the year 1936, leaves an unexpended balance of $3370,00; That the sum required under and by virtue of said budget and by virtue of the resolution authorizing the issuance of said Court House bonds yet to be expended or to be held in said fund as an interest and sinking fund is the total of said $950.00, plus -said $332.839 plus said $3370.00, or the total sum of $4652.83; That $5000.00 of racing monies accruing to said County in the year 1937 under an by virtue of said 1936 budget were placed in said interest and sinking fund; That the said cash balance of said interest and sinking fund at this date is -the sum. of $8414.69 and subtracting the said sum of $4652.83 required to be yet expended from said fund or to be retained therein for interest and sinking purposes, leaves a balance not required in said fund of $3761.860 and which is in fact represented by excess racing funds placed in said interest and sinking fund unnecessarily and without any requirement therefor; and Whereas, a heavy demand.has been made upon the general fund of Indian River to meet current and extraordinary expenditures and that said general fund is depleted; therefo3 Be It Resolved that said unexpended balance in said interest and sinking fund in the amount of §3761.,86, and which is represented by racing funds deposited in said interest and sinking fund unnecessarily and through no requirement of law or of contract and which said sum is in excess of all sums requited to be expended by Indian River County from said interest and sinking fund or to be retained in said fund for interest and sinking purposes, be, and the same is, hereby transferred from said interest and sinking fund to the said general fund, upon and after the approval of such transfer by the Comptroller of the State of Florida, to assist in meeting the current and extraordinary expenses of said County and which transfer represents the transfer of racing funds accruing to 4ad County from the State Racing Commission and not funds represented by the levy of ad valorem taxes. i The foregoing resolution having been introduced by Commissioner Vickers and its adoption seconded by Commissioner Helseth, it was declared adopted by the following vote; Ayes: Helseth, Vickers, Poole, Mover and Mudge. Nays*. None. The several bills and accounts against the County, having been audited, were examined and found correct were approved, and warrants ordered issued in settlement of same. Such bills and accounts being on file in the office of the Clerk of the Circuit Court, The Warrants issued frcmthe respective funds being lised in the supplemental lAinute book as required by the rules and practice of the State Auditing vepartment, reference to said record and the -list so recorded being made a part of these minutes. `the County Depository filed its monthly staatmment, showing receipts and U s— bursments of the various funds which having been audited was found to be correct, There being no further business the Board on motion made seconded and carried, adjourned to meet on Tuesday., June 15th., 1937 at 10:00 o'clock A,M. ,} yw/ AS1j C H A I R M A N RK r,