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Indian River County, Florida
<br />Statement of Net Position
<br />Proprietary Funds
<br />September 30, 2012
<br />Business -type Activities - Enterprise Funds
<br />Solid Waste
<br />Disposal Golf County County
<br />District Course Utilities Building
<br />Total
<br />Governmental
<br />Activities
<br />Internal
<br />Service Funds
<br />ASSETS
<br />Current assets:
<br />Cash and cash equivalents $ 14,760,597 $ 183,390 $ 38,463,042 $ 4,235,328 $ 57,642,357 $ 31,967,495
<br />Accounts receivable - net 113,820 2,863,979 2,977,799 1,568335
<br />Due from other funds 98,365 - - 98365 -
<br />Due from other governments - 11,100 4331 - 15,431 126,964
<br />Interest receivable 9,608 438 525,988 2,105 538,139 15,914
<br />Inventories 56,673 893,806 950,479 218,196
<br />Prepaid items 211,858 211,858 1,177,438
<br />Current restricted assets:
<br />Cash and cash equivalents 13,869,807 470,681 27,852,242 42,192,730
<br />Total currentassets 28,852,197 722,282 70,815,246 4,237,433 104,627,158 35,074,342
<br />Non-current assets:
<br />Capital assets - non -depreciable 18,755,620 786,611 9,709,991 - 29,252,222 -
<br />Capital assets - depreciable 21,836,756 8314,248 404,979,117 456,109 435,586,230 1,119,934
<br />Capital assets - accumulated depreciation (8,710,425) (1,811,236) (196,570,779) (425,153) (207,517,593) (767,843)
<br />Non-current restricted assets:
<br />Special assessments receivable 1,007,420 1,007,420
<br />Impact fees receivable 744,116 744,116
<br />Liens receivable 2,819,565 2,819,565
<br />Total non-current assets 31,881,951 7,289,623 222,689,430 30,956 261,891,960 352,091
<br />Total assets 60,734,148 8,011,905 293,504,676 4,268,389 366,519,118 35,426,433
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred amounts on refundings 107,215 2,768,024 2,875,239
<br />Total deferred outflows of resources 107,215 2,768,024 2,875,239
<br />LIABILITIES
<br />Current liabilities (payable from current assets):
<br />Accounts payable 1,973,276 139,328 660,621 19,963 2,793,188 202,892
<br />Retainage payable 216,211 4,987 20,818 - 242,016 -
<br />Due to other funds 54,204 54,204 225,000
<br />Claims payable - - 2,197,855
<br />Due to other governments 7,771 2,833,946 14,546 2,856,263
<br />Other deposits 1,000 1,000
<br />Unearned revenues 29,652 29,652
<br />Pollution remediation payable - - 2,510 - 2,510 -
<br />Accrued compensated absences 36,275 36,579 492,621 79,470 644,945 33,005
<br />Total current liabilities (payable from current assets) 2,225,762 273,521 4,010,516 113,979 6,623,778 2,658,752
<br />Current liabilities (payable from restricted assets):
<br />Accounts payable 59,013 59,013
<br />Retainage payable 35,364 35,364
<br />Accrued interest payable 6,931 173,413 180,344
<br />Bonds payable 555,000 3,205,000 3,760,000
<br />Customer deposits 126,626 - 2,769,128 2,895,754
<br />Total currentliabilities (payable from restricted assets) 126,626 561,931 6,241,918 6,930,475
<br />Total currentliabilities 2,352,388 835,452 10,252,434 113,979 13,554,253 2,658,752
<br />Non-current liabilities:
<br />Accrued compensated absences 5,998 6,456 180,217 19,521 212,192 11,965
<br />Advance from other funds 443,416 443,416
<br />Claims payable 5,876,145
<br />Pollution remediation payable 6,290 6,290
<br />Closure and maintenance costs payable 10,513,736 - 10,513,736
<br />Bonds payable - net ofunamortized discount/premium - 1,546,871 43,257,698 44,804,569
<br />Total non-current liabilities 10,519,734 1,996,743 43,444,205 19,521 55,980,203 5,888,110
<br />Total liabilities 12,872,122 2,832,195 53,696,639 133,500 69,534,456 8,546,862
<br />NET POSITION
<br />Net investment in capital assets 31,881,951 5,294,967 174,423,655 30,956 211,631,529 352,091
<br />Restricted for:
<br />Capital projects - - 17,941,773 - 17,941,773 -
<br />Unrestricted 15,980,075 (8,042) 50,210,633 4,103,933 70,286,599 26,527,480
<br />Total net position $ 47,862,026 $ 5,286,925 $ 242,576,061 $ 4,134,889 $ 299,859,901 $ 26,879,571
<br />The accompanying notes are an integral part of the financial statements.
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