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Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2012
<br />NOTE 11— DUE FROM OTHER GOVERNMENTS
<br />Governmental Funds
<br />On November 18, 2008, the Board entered into a locally funded agreement with the Florida Department
<br />of Transportation (FDOT) to advance the six-laning of State Road 60 from 82nd Avenue to I-95
<br />(Segment Two). The agreement obligated the Board to pay $14,429,754 to the FDOT. Payment was
<br />made in November 2008 to the FDOT. Funding was from the Optional Sales Tax Fund.
<br />Reimbursement by the FDOT for Segment Two will be in ten quarterly installments over a three-year
<br />period which began in July 2011. Repayments to the Board will include principal and any accumulated
<br />interest earnings that have not been used for supplemental costs of the project.
<br />Segment Two Amount Advance Funded
<br />Less: Reimbursements received as of 9/30/2012
<br />Balance Due from FDOT SR60 Agreement
<br />Additional Funds Due from other governments
<br />Total Due from other governments
<br />NOTE 12 — ACCOUNTS PAYABLE
<br />Payables
<br />Payables at September 30, 2012, were as follows:
<br />Governmental Activities:
<br />General
<br />Impact Fees
<br />Secondary Roads Construction
<br />Transportation
<br />Emergency Services
<br />Optional Sales Tax
<br />Other governmental
<br />Total Governmental Activities
<br />Business -Type Activities:
<br />Payable from current assets:
<br />Solid Waste
<br />Golf Course
<br />Utilities
<br />Building
<br />Payable from restricted assets:
<br />Utilities
<br />Total Business -Type Activities
<br />Vendors
<br />$ 1,518,079
<br />1,569,237
<br />408,482
<br />204,782
<br />109,067
<br />614,954
<br />708,587
<br />$ 5,133,188
<br />$ 1,971,588
<br />137,825
<br />637,379
<br />16,588
<br />59,013
<br />$ 2,822,393
<br />Optional Sales
<br />Tax Fund
<br />$ 14,429,754
<br />(3,000,000)
<br />11,429,754
<br />1,226,405
<br />$ 12,656,159
<br />Salaries and
<br />Benefits
<br />$ 1,202,042
<br />280
<br />807
<br />21,904
<br />62,760
<br />14,169
<br />$ 1,301,962
<br />$ 1,688
<br />1,503
<br />23,242
<br />3,375
<br />$ 29,808
<br />72
<br />Total
<br />Payables
<br />$ 2,720,121
<br />1,569,517
<br />409,289
<br />226,686
<br />171,827
<br />614,954
<br />722,756
<br />$ 6,435,150
<br />$ 1,973,276
<br />139,328
<br />660,621
<br />19,963
<br />59,013
<br />$ 2,852,201
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