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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2012 <br />NOTE 2 - RECONCILIATION OF GOVERNMENT -WIDE AND FUND FINANCIAL <br />STATEMENTS - Continued <br />A. Explanation of Differences Between the Governmental Fund Balance Sheet and the <br />Government -wide Statement of Net Position - Continued <br />Deferred Inflow of Resources — Unavailable Revenue <br />Deferred inflows of resources reported on the statement of net position differ from the amount reported <br />in governmental funds due to special assessments. Governmental fund financial statements report <br />revenues, which are measurable but not available as unavailable revenue, a deferred inflow of <br />resources. However, unavailable revenues in governmental funds are susceptible to full accrual on <br />government -wide financial statements. <br />Unavailable revenues $ 310,506 <br />Internal service funds <br />Internal service funds are used by management to charge the costs of fleet management, insurance <br />activities, and GIS services to individual funds. The assets and liabilities of the internal service funds <br />are included in governmental activities in the statement of net position because they primarily serve <br />governmental activities of the County. <br />Internal service funds $ 26,879,571 <br />Accrued grant revenues <br />Some grant revenues are not recognized in the current period because the resources are not available; <br />therefore, these revenues are not reported in the fund. <br />Accrued grant revenues $ 1,222,541 <br />Accrued interest revenues <br />Some interest revenues are not recognized in the current period because the resources are not available; <br />therefore, these revenues are not reported in the fund. <br />Accrued interest revenues $ 217,816 <br />Net OPEB Obligation <br />The net OPEB obligation asset resulting from contributions in excess of the annual required <br />contribution is not a financial resource; therefore, it is not reported in the fund. <br />OPEB asset $ 321,681 <br />Elimination of interfund receivables/payables <br />Interfund receivables and payables in the amount of $860,073 between governmental funds must be <br />eliminated for the statement of net position. <br />56 <br />