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Indian River County, Florida <br /> Notes To Financial Statements <br /> Year Ended September 30 , 2007 <br /> NOTE 16 - FUND EQUITY - Continued <br /> �. Be Net Assets Restricted by Enabling Legislation <br /> The government-wide statement of net assets for the primary government and component unit reports <br /> $ 257 , 707 , 034 of restricted net assets , of which $ 54 , 408 , 930 is restricted by enabling legislation . <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 , 2007 , consist of the following : <br /> Special Revenue Funds : <br /> Reserved for Advances to Other Funds : <br /> Secondary Roads Construction $ 71200 <br /> Reserved for Capital Projects : <br /> Secondary Roads Construction 66607 <br /> Total 1 , 378 . 667 <br /> Debt Service Funds : <br /> Reserved for Debt Service : <br /> Land Acquisition Bonds $ 1 , 956 , 189 <br /> ,et Spring Training Facility Revenue Bonds 960 , 657 <br /> Total2 . 916 , 846 <br /> Capital Projects Funds : <br /> Reserved for Capital Projects : <br /> Optional Sales Tax $ 15 , 986 , 939 <br /> Jew Dodgertown Capital Reserve 2 , 021 , 031 <br /> Subtotal 18 , 007 , 970 <br /> Reserved for Advances to Other Funds : <br /> Optional Sales Tax 7442225 <br /> Total 18 . 752 , 195 <br /> NOTE 17 - FUND EQUITY DEFICIT <br /> The following funds had a deficit in fund balance at September 30 , 2007 : <br /> Fund Deficit <br /> Nonmajor governmental funds : <br /> Federal/ State Grants $ 55457 <br /> CDBG Disaster Recovery Grant 1 , 582 , 263 <br /> Total Deficit 1 . 587 , 720 <br /> The deficits for these two funds will be eliminated by grant proceeds in the fiscal year 2008 . <br /> 91 <br />