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Indian River County, Florida <br />NOTES TO FNANC AL STATE NTS - Continued <br />Year Ended September 30,1995 <br />NOTE 14 - FUND EQUITY - Continued <br />C. Reserved Fund Balances <br />The County has established certain reserves within the fund equity section of the governmental funds. <br />Reserved fund balances at September 30, 1995, consist of the following: <br />General Fund: <br />Reserved for Emergency Management $25,483 <br />Reserved for Pollution Control 25.500 <br />Debt Service Funds: <br />Reserved for Debt Service: <br />Refunding and Improvement Bonds $1,639,148 <br />Land Acquisition Bonds 485 <br />LWUQ <br />These reserves are the Fund balances that are restricted to debt service requirements of the bonds. <br />Capital Projects Fund: <br />Reserved for Capital Projects: <br />Indian River Boulevard North $1,470,260 <br />Optional Sales Tax 2,697,483 <br />Gifford Road Construction 1.096,838 <br />Wl <br />These reserves are the Fund balances that are restricted to specific capital projects. <br />NOTE 15 - FUND EQUITY DEFICIT <br />The following funds had deficits in retained earnings at September 30,1995: <br />ELnd Deficit <br />Enterprise Fund: <br />Golf Course $1,114,096 <br />Internal Service Fund: <br />Fleet Management $385,942 <br />The retained earnings deficit in the Golf Course Enterprise Fund will be eliminated by anticipated <br />operating income in future periods. The deficit at September 30, 1994 was $1,215,935 representing a <br />decrease in the deficit of $101,839 at September 30, 1995. <br />57 <br />