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Indian River County, Florida Management 's Discussion and Analysis For the Year Ended September 30, 2002 Other Governmental Funds 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 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 ofEnvironmental Protection, the County has set aside $6. 8 million for the long term care of the landfill and for closure ofthe landfill . Total assets as of September 30 were $35 . 7 million, total liabilities were $7 . 7 million and net assets were $28 . 0 million. Operating income was $ 1 , 839, 341 , an increase of $421 ,733 over last year 's operating income. Golf Course Fund This fund is used to account for the operations of the County golf course . Total assets as of September 30 were $8 .2 million, total liabilities were $ 7 . 8 million and net assets were $0. 4 million. Operating income was $ 510,747 , a decrease of $ 59, 142 from last year 's operating income . During the year, the County paid $360, 000 to reduce the amount of outstanding bonds to $7 . 11 million. Net revenues available for debt service were 1 . 01 times the debt service requirements of $735 , 148 . 8