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' Indian River County, Florida Management's Discussion and Analysis For the Year Ended September 30 , 2003 ' Other Governmental Funds The Road Improvement Fees Fund accounts for the collection of road impact fees on all new construction in the ' County. The funds are used to expand the traffic capacity of County roads and bridges . The County 's policy is to budget for all road and bridge projects that have been approved and where the monies have been designated for those projects . Since the projects frequently take multiple years to complete , actual expenditures will be signifi- cantly less than the budget. The Secondary Roads Construction Fund accounts for the use of gas taxes restricted for transportation im - provements , such as roads, bridges , and right-of-way acquisitions . This year, the County budgeted for all trans- portation projects that had been approved and where funds had been designated for those projects . Since the projects frequently take multiple years to complete, actual expenditures will be significantly less than the budget. ' The Transportation Fund accounts for the annual maintenance of roads bridges, right-of-way, drainage systems , , etc . The County has the legal authority to levy ad valorem taxes for the Transportation Fund but has chosen not to do so . Instead, the County uses ad valorem taxes collected in the General Fund and then transferred to the Transportation Fund. The Emergency Services District Fund is used to account for the provision of fire and ambulance services throughout the County. The primary source of funds, 84%, is ad valorem taxes . The Land Acquisition Fund accounts for the acquisition of environmentally sensitive lands . Funds are provided by grants and the remaining proceeds of the Series 2001 general obligation bonds . This year, the County pur- chased the Lost Tree Islands , a long-term goal of the County Commissioners , the City of Vero Beach and the Town of Indian River Shores . The Optional Sales Tax Fund is used to account for the local option one cent sales tax, also referred to as the infrastructure surtax, and capital grants which use the sales tax as matching funds. County voters approved the one cent sales tax in March, 1989 , for a period of fifteen years . In November, 2002 , County voters approved an extension of the sales tax to December, 2019 . Monies in this fund are used for various capital projects such as stormwater improvements , road construction, library expansion and recreational facilities . Proprietary Funds Solid Waste Disposal District Fund This fund is used to account for all operations of the County's landfill, including five off-site collection centers . The District operates like a business , where the rates established by the County generate sufficient funds to pay the costs of current operations and provide funding for long-term asset acquisitions . As required by the State Depart- ment of Environmental Protection, the County has set aside $7.2 million for the long term care of the landfill and for closure of the landfill . Total assets as of September 30 were $38 .2 million, total liabilities were $7 .9 million and net ' assets were $30 . 3 million. Operating income was $ 1 ,608 , 158 , a decrease of $231 , 188 from last year 's operating income. ' 7