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In
<br />Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2007
<br />NOTE 3 - STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY - Continued
<br />Budgets and Budgetary Accounting — Continued
<br />(9) The following is a comparison of the total appropriations to gross expenses for the proprietary
<br />funds for the fiscal year ended September 30, 2007:
<br />Total Variance
<br />Appropriations Expenses Positive
<br />Primary Government
<br />Enterprise Funds:
<br />Solid Waste Disposal District $ 1212445105 $ 1053313431 $ 15912,674
<br />Shooting Range 48800 465,181 22,899
<br />Golf Course 3,452,692 304,837 367,855
<br />County Building 4,725,230 35238,477 1,486,753
<br />County Utilities 46,0345040 37,518,226 8,515,814
<br />Internal Service Funds:
<br />Fleet Management 4,111,485 35579,549 531,936
<br />Self Insurance 20,932,259 17,232,626 3,699,633
<br />GIS 15394,754 110,261 15284,493
<br />Component Unit
<br />Housing Authority 967,732 909,767 57,965
<br />NOTE 4 - CASH AND CASH EQUIVALENTS
<br />The County maintains a cash and investment pool that is available for use by all funds except those
<br />whose cash and investments must be segregated due to bond covenants or other legal restrictions.
<br />A. Deposits
<br />At September 30, 2007, the carrying amount of the primary government's deposits was $35,449,076
<br />and the bank balance was $40,143,629. The County's policy requires all deposits with financial
<br />institutions to be 100% insured by federal depository insurance or by collateral provided by qualified
<br />public depositories to the State Treasurer, in accordance with Section 280.01, Florida Statutes also
<br />~' known as the Florida Security for Public Deposit Act. The Act established a Trust Fund, maintained by
<br />the State Treasurer, which is a multiple financial institution pool with the ability to assess its member
<br />financial institutions for collateral shortfalls if a member fails.
<br />The carrying amount of the component unit's deposits totaled $797,870 and the bank balance was
<br />$800,364.
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