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Indian River County, Florida Management ' s Discussion and Analysis For the Year Ended September 30 , 2007 Financial Analysis of the Government ' s Funds As noted earlier, the County uses fund accounting to ensure and demonstrate compliance with finance related legal requirements . Governmental funds Unreserved fund balance may serve as a useful measure of the County ' s net resources available for spending at the end of the fiscal year . As of the end of the current fiscal year, the County ' s governmental funds reported combined ending fund balances of $ 222 . 9 million, a decrease of $43 . 8 million in comparison with the prior year . • The fund balance of the County ' s General Fund increased by $ 5 . 0 million. Key factors in this growth are as follows : ( 1 ) an increase of tax revenues of $ 7 . 7 million resulting from increased property values and increased franchise taxes , and (2 ) an increase in interest income of $ 1 . 7 million resulting from higher interest rates . • In the Impact Fees Fund there was a $ 12 . 3 million decrease . The slowdown in construction activity is reflected by a decrease in special assessments revenue of $ 17 . 6 million, or 72 % . The transportation expenditures increased by $ 12 . 5 million, or 131 % . Culture/recreation reported $ 1 . 4 million in expenditures in 2007 for contributions toward three community projects : the joint-use library with the local community college , soccer fields lighting in the central part of the county, and lighting improvements at a multi -purpose park . • The Land Acquisition Fund decreased by $25 . 4 million in fund balance , largely the result of $ 31 . 1 million in land purchase expenditures . • The Optional Sales Tax Fund decreased by $ 12 . 9 million, with $ 39 . 5 million of expenditures in capital projects including $ 14 . 1 million for the administrative complex , $ 4 . 1 million for the emergency operations center and $ 14 . 8 million for the jail expansion project . • Of the $ 222 . 9 million combined ending fund balances , $ 199 . 9 million , or 90 % , is classified as unreserved, undesignated fund balance . The remainder of fund balance is reserved to indicate that it is not available for new spending . The largest reserved amount is in the Optional Sales Tax Fund , which is reserved for capital projects in the amount of $ 16 . 0 million and also for a $ 0 . 74 million loan to another fund . Other reservations include the Secondary Roads Construction Fund ' s two reservations of $ 0 . 67 million for capital projects and $ 0 . 71 million for advances to other funds ; the two debt service funds listed on pages 108 - 109 ; and one construction reserve fund listed on page 109 . The General Fund is the chief operating fund of the County . At the end of the current fiscal year , unreserved , undesignated fund balance of the general fund was $ 50 . 3 million . As a measure of the general fund ' s liquidity , it may be useful to compare unreserved fund balance to total expenditures . Unreserved, undesignated fund balance represents 56 percent of total general fund expenditures . The impact fees fund had a $ 73 . 1 million unreserved, undesignated fund balance , and the total impact fee expenditures were 32 percent of the ending fund balance indicating future road construction . 9