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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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