|
Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2012
<br />NOTE 7 - RESTRICTED CASH AND CASH EQUIVALENTS AND INVESTMENTS
<br />Various bond covenants, resolutions, and state regulations require that the County restrict cash and cash
<br />equivalents and investments within the business -type activities. Restricted cash and cash equivalents
<br />and investments are as follows:
<br />Sinking funds
<br />Renewal and replacement
<br />Customer deposits
<br />Capital construction
<br />Closure and maintenance costs
<br />Primary Government
<br />$
<br />Solid Waste
<br />Disposal
<br />District
<br />3,229,445
<br />126,626
<br />10,513,736
<br />Total $ 13,869,807
<br />Golf
<br />Course
<br />$ 470,681
<br />$ 470,681
<br />County
<br />Utilities
<br />$ 6,176,994
<br />3,485,928
<br />2,769,128
<br />15,420,192
<br />Total
<br />$ 6,647,675
<br />6,715,373
<br />2,895,754
<br />15,420,192
<br />10,513,736
<br />$ 27,852,242 $ 42,192,730
<br />Cash totaling $4,940,591 is reported as restricted on the Statement of Net Position for governmental
<br />activities. These funds are restricted for current liabilities such as retainage payable, accrued interest
<br />payable, and the current year portion of bonds payable.
<br />NOTE 8 - PAYABLE FROM RESTRICTED ASSETS
<br />Liabilities payable from the County's business -type activities restricted assets are as follows:
<br />Accounts payable
<br />Retainage payable
<br />Accrued interest payable
<br />Customer deposits
<br />Bonds payable (current)
<br />Closure and maintenance
<br />costs payable
<br />Total
<br />Solid Waste
<br />Dispos al
<br />District
<br />126,626
<br />Golf
<br />Cours e
<br />County
<br />Utilities
<br />$ - $ 59,013
<br />35,364
<br />6,931 173,413
<br />2,769,128
<br />555,000 3,205,000
<br />Total
<br />$ 59,013
<br />35,364
<br />180,344
<br />2,895,754
<br />3,760,000
<br />10,513,736 10,513,736
<br />$ 10,640,362 $ 561,931 $ 6,241,918 $ 17,444,211
<br />69
<br />
|