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Indian River County, Florida ` <br /> Notes To Financial Statements <br /> Year Ended September 30 , 2007 <br /> NOTE 2 - RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL <br /> STATEMENTS - Continued <br /> A. Explanation of Differences Between the Governmental Fund Balance Sheet and the <br /> Government-wide Statement of Net Assets - Continued <br /> Accrued interest <br /> Accrued liabilities in the statement of net assets differs from the amount reported in governmental funds <br /> due to accrued interest on General Obligation Refunding Bonds , Series 2003 , General Obligation <br /> Bonds , Series 2001 , and Limited General Obligation Bonds , Series 2006 . <br /> 609 621 <br /> Unearned revenues <br /> Unearned revenues in the statement of net assets differs from the amount reported in governmental <br /> funds due to special assessment and FEMA receivables . Governmental fund financial statements report <br /> revenues , which are measurable but not available as unearned revenues . However, unearned revenues in <br /> governmental funds are susceptible to full accrual on government-wide financial statements . <br /> Unearned revenues reduced 481 ;405 <br /> Internal service funds <br /> Internal service funds are used by management to charge the costs of fleet management, insurance <br /> activities , and GIS services to individual funds . The assets and liabilities of the internal service funds <br /> are included in governmental activities in the statement of net assets because they primarily serve <br /> governmental activities of the County . <br /> Internal Service Funds S 13 . 539 , 990 <br /> Accrued grant revenues <br /> Some grant revenues are not recognized in the current period because the resources are not available ; <br /> therefore , these revenues are not reported in the fund . <br /> Accrued grant revenues 2 , 069 ,413 <br /> 54 <br />