Laserfiche WebLink
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 />In <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 <br />Accrued grant revenues <br />13.539,990 <br />C3 <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 W <br />