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Indian River County, Florida
<br />Reconciliation of Total Governmental Fund Balances
<br />to Net Position of Governmental Activities
<br />September 30, 2012
<br />Total governmental fund balances: $ 183,843,142
<br />Amounts reported for governmental activities in the statement of net position are different because
<br />Capital assets used in governmental activities are not financial resources and, therefore, are not reported 553,000,546
<br />in the fund.
<br />Long -team liabilities, including bonds payable ($44,275,714), accrued compensated absences ($10,953,682)
<br />medicaid settlement funds payable ($790,434) and pollution remediation costs ($2,613,000)
<br />are not due and payable in the current period and, therefore, are not reported in the fund (58,632,830)
<br />Accrued general long-term debt interest expenses are not financial uses and, therefore, are not reported in (373,065)
<br />the fund.
<br />Special assessment receivables are not available to pay for current period expenditures and, therefore, ars
<br />reported as unavailable revenue in the funds. 310,506
<br />Accrued interest on special assessments is not recognized in the current period because the resources an
<br />not available and, therefore, not reported in the fund, 133,794
<br />Internal service funds are used by management to charge the costs of certain activities, such as insurance
<br />fleet, and geographic information system services, to individual funds. The assets and liabilities of the
<br />internal service funds are included in governmental activities in the statement of net position 26,879,571
<br />Grant revenues are not recognized in the current period because the resources are not available and
<br />therefore, are not reported in the fund, 1,222,541
<br />The OPEB asset resulting from contributions in excess of the annual required contribution is not a financia
<br />resource and, therefore, is not reported in the funds 321,681
<br />Interest revenues are not recognized in the current period because the resources are not available and,
<br />therefore, are not reported in the fund. 84,022
<br />Net position of governmental activitie. $ 706,789,908
<br />The accompanying notes are an integral part of the financial statements.
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