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Indian River County, Florida <br /> Notes To Financial Statements <br /> ' Year Ended September 30, 2003 <br /> ' NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued <br /> C. Basis of Presentation - Continued <br /> 1 . Governmental Major Funds = Continued <br /> t Secondary Roads Construction Fund - The Secondary Roads Construction Fund accounts for the expenditures of <br /> road and bridge construction. Financing is provided by collections of the local option gas tax . <br /> Transportation Fund - The Transportation Fund accounts for expenditures incurred for the maintenance and <br /> repair of County roads . Financing is provided by the 5th and 6th cent gas tax, county gas tax and transfers from <br /> the General Fund . <br /> Emergency Services District Fund - The Emergency Services District Fund accounts for the expenditures tures of <br /> ' providing fire protection and advanced life support to all of the County . Financing is provided by ad valorem <br /> taxes . <br /> ' Land Acquisition Fund - The Land Acquisition Fund acounts for the expenditures incurred in the purchase of <br /> environmentally sensitive land. Financing is provided by bond proceeds from the voted debt "Environmentally Sensitive <br /> Land Acquisition Bonds". <br /> Optional Sales Tax Fund - The Optional Sales Tax Fund accounts for revenues generated by the local option one cent <br /> sales tax and some capital grants that use the local option one cent sales tax as matching funds . Monies are used for <br /> ' various capital projects . <br /> 2 . Proprietary Major Funds : <br /> Solid Waste Disposal District Fund - The Solid Waste Disposal District Fund accounts for the revenues , <br /> , <br /> ' expenses , assets and liabilities associated with the County landfill . <br /> Golf Course Fund - The Golf Course Fund accounts for the revenues , expenses , assets and liabilities associated <br /> with the Golf Course . <br /> County Utilities Fund - The County Utilities Fund accounts for the revenues , expenses , assets and liabilities <br /> associated with the County water and sewer system . <br /> 3 . Other Fund Types : <br /> Internal Service Funds - Internal Service Funds account for Fleet Management and Self Insurance services provided <br /> to other departments of the County on a cost reimbursement basis . <br /> ' Agency Fund - The Agency Fund is used to account for the collection and disbursement of monies by County the Coun on <br /> behalf of other governments and individuals, such as cash bonds, traffic fines, child support payments and ad valorem <br /> ' taxes . <br /> ' 43 <br />