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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 />B. Explanation of Differences Between Governmental Fund Operating Statements and the
<br />Statement of Activities - Continued
<br />Total Capital Long-term
<br />Governmental Related Debt Compensated
<br />Funds Items Tansactions Absences
<br />REVENUES
<br />Taxes $ 1305158,069 $-
<br />Licenses and permits 8965612 - - -
<br />Intergovernmental 541252,074 - - -
<br />Charges for services 183997,529 - - -
<br />Fines and forfeitures 25403,093 - - -
<br />Special assessments 7,5005825 - -
<br />Interest 15,7771318 - - -
<br />Miscellaneous 3,4955610 - - -
<br />Total revenues 2331481,130 - - -
<br />EXPENDITURES
<br />Current:
<br />General government 245815,255 (439279,881) - 207,837
<br />Public safety 72,9075822 (285900,702) - 171,611
<br />Physical environment 34,324,331 34,735 (93,225) 12,182
<br />Transportation 49,503,680 (26,6175016) - (36,025)
<br />Economic environment 968,227 2,549 - (20,752)
<br />Human services 13,8623463 122,884 - 3,649
<br />Culture/recreation 23,751,173 618125767 - 36,634
<br />Court related 65649,724 235,901 - 21,339
<br />Debt service:
<br />Principal 4,8705876 - (45870,876) -
<br />Interest and fiscal charges 3,2555767 - - -
<br />Capital projects 42,489,997 - -
<br />Total expenditures 277,399,315 (91,588,763) (459645101) 3961475
<br />Excess of revenues over (under) expenditures (43,918,185) 91,588,763 479641101 (396,475)
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in 19,629,728 - - -
<br />Transfers out (1957365023) - - -
<br />Lease purchase proceeds 2645467 - (264,467) -
<br />Total other financing sources (uses) 158,172 - (264,467) -
<br />Net change in fund balances
<br />Fund balances at beginning of year
<br />Fund balances at end of year
<br />(43,760,013) 91,5881763 4,6995634 (396,475)
<br />2660402 355,071,859 (80,511,722) (1,708,446)
<br />$ 222,934,589 $ 446,660,622 $ (75,812,088) $ (25104,921)
<br />The accompanying notes are an integral part of the financial statements.
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