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Indian River County, Florida Notes To Financial Statements Year Ended September 30 , 2007 NOTE 20 - SUBSEQUENT EVENTS - Continued A. State Board of Administration - Continued However, prior to the restructuring, the SBA directed all Tax Collectors who had tax collections invested in the Pool , to provide the SBA with the names , account numbers and dollar amounts of these tax collections to be distributed to those taxing authorities which had accounts set up under their name in the Pool . The SBA would then transfer the amounts from the Tax Collector ' s account to the ` accounts of said taxing authorities within the SBA . Consequently , the Board of County Commissioners received their November 2007 property tax distribution of $ 23 , 109 , 797 which was being held by the Tax Collector in the Pool . This amount, $ 23 , 109 , 797 , is currently invested in both Pool A .� ($ 19 , 295 , 815 ) and Pool B ($ 3 , 813 , 982) under the Board of County Commissioners ' name . Currently, Pool A participants may withdraw 37 % of their balance or $4 million, whichever is greater, without penalty . Withdrawals from Pool A in excess of the above limit are subject to a 2 % redemption fee . New investments in Pool A are not subject to the redemption fee or withdrawal restrictions . Future withdrawal provisions from Pool A will be subject to further evaluation based on the maturities �. of existing investments and the liquidity requirements of the Pool . On December 21 , 2007 , Standard and Poor' s Ratings Services assigned its " AAAM " principal stability fund rating to Pool A . Currently, Pool B participants are permitted to withdraw scheduled amounts from the Pool as market valuations of the assets held in Pool B become available . In addition, full realization of the principal value of Pool B assets is not readily determinable . As of March 5 , 2008 , the Board of County Commissioners had $ 14 , 343 , 705 in Pool A and $ 2 , 735 , 906 in Pool B . The Clerk of the Circuit Court had $ 0 in Pool A and $ 110 , 065 in Pool B . The " on-behalf- of ' (OBF) accounts held by the Tax Collector had $ 0 in Pool A and $442 , 413 in Pool B . Additional information regarding the Local Government Surplus Funds Trust Fund may be obtained from the State Board of Administration. B . Florida Department of Transportation Locally Funded Agreement On January 15 , 2008 , the County entered into a locally funded agreement with the Florida Department of Transportation (FDOT) to advance the 6 -laning of State Road 60 from 82nd Avenue to 66th Avenue ( Segment One) . The agreement obligates the County to pay $ 34 , 669 , 601 to the FDOT in three installments : $ 3 ,466 , 960 in February 2008 , $ 13 , 867 , 840 in March 2008 , and $ 17 , 334 , 801 in May 2008 . The FDOT will then begin the 6 -lane road construction. The FDOT will reimburse the County in eight quarterly installments over a two -year period beginning no sooner than July 2009 . Repayments to the County will include principal and any accrued interest . 95