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Indian River County, Florida <br /> Board of County Commissioners <br /> Notes To Financial Statements <br /> Year Ended September 30 , 2002 <br /> NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued <br /> B . Fund Financial Statements - Continued <br /> Fiduciary Fund <br /> Agency Fund - The Agency Fund is custodial in nature and does not involve measurement of the results of <br /> operations . It is accounted for on the accrual basis . <br /> Governmental Major Funds <br /> General Fund - The General Fund is the general operating fund of the County. It is used to account for all <br /> financial resources, except those required to be accounted for in another fund. <br /> Secondary Roads Construction Fund - The Secondary Roads Construction Fund accounts for the expenditures <br /> of 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 of <br /> providing fire protection and advanced life support to all of the County. Financing is provided by ad valorem <br /> taxes . <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 /> ProprielM Mai or Funds <br /> Solid Waste Disposal District - The Solid Waste Disposal District Fund accounts for the revenues , expenses, assets <br /> 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 /> 214 <br />