Laserfiche WebLink
Indian River County, Florida <br /> Notes To Financial Statements <br /> Year Ended September 30, 2003 <br /> ' NOTE 19 - COMMITMENTS AND CONTINGENCIES - Continued <br /> D . Grants <br /> rAmounts received or receivable from grantor agencies are subject to audit and adjustment by grantor agencies . <br /> If any expenditures are disallowed as a result of these audits , the claims for reimbursement to the grantor <br /> ' agency would become a liability of the County . In the opinion of management, any such adjustments would <br /> not be significant. <br /> 1 <br /> NOTE 20 - SUBSEQUENT EVENTS <br /> On October 15 , 2003 , the Board issued $ 6 ,445 ,000 of Recreational Revenue Refunding Bonds , Series 2003 . The <br /> issuance of the Series 2003 Bonds is authorized by Ordinance No . 95 - 16 of the County, as amended, and other <br /> provisions of law, (collectively the "Act") , and Indian River County Resolution 2003 -075 , adopted by the Board on <br /> July 8 , 2003 , as amended and supplemented by resolution 2003 -080 , adopted July 22 , 2003 , as amended and <br /> supplemented by Resolution 2003 -081 , adopted on August 5 , 2003 . The proceeds of the bonds , together with other <br /> r funds of the County, will be used to refund and redeem all outstanding Recreational Revenue Refunding Bonds, Series <br /> 1993 , which are currently outstanding in the principal amount of $6, 735 ,000 . <br /> r <br /> 1 <br /> r <br /> r <br /> r <br /> r <br /> r <br /> r <br /> r89 <br />