|
t
<br />The accompanying notes are an integral part of the financial statements.
<br />33
<br />Indian River County, Florida
<br />Statement of Net Assets
<br />Proprietary Funds
<br />September
<br />30, 2006
<br />Business -type Activities - Enterprise Funds
<br />Governmental
<br />Solid Waste
<br />Other
<br />Activities
<br />Disposal
<br />Golf
<br />County
<br />Enterprise
<br />Internal
<br />District
<br />Course
<br />Utilities
<br />Funds
<br />Total
<br />Service Fund
<br />ASSETS
<br />Current assets:
<br />$
<br />16,204,122 $
<br />10,299 $
<br />31,052,511 $
<br />5,039,389 $
<br />52,306,321 $
<br />13,342,194
<br />Cash and cash equivalents
<br />405,081
<br />3,177,064
<br />77
<br />3,582,222
<br />1,471,457
<br />Accounts receivable- net
<br />87,859
<br />fu
<br />Due from other nds
<br />87,859
<br />1,100,947
<br />-
<br />10,500
<br />-
<br />-
<br />1,111,447
<br />18,378
<br />Due from other governments
<br />564,988
<br />564,988
<br />Interest receivable
<br />51,433
<br />843,496
<br />35,955
<br />930,884
<br />111,560
<br />Inventories
<br />_
<br />822,150
<br />Prepaid expenses
<br />Current restricted assets:_
<br />13,316,638
<br />53,821
<br />83,366,537
<br />1]2,993
<br />96,849,989
<br />Cash and cash equivalents
<br />31,114,647
<br />126,053
<br />119,004,596
<br />5,188,414
<br />155,433,710
<br />15,765,739
<br />Total current assets
<br />Non-current assets:
<br />-3,679,739
<br />3,311,815
<br />-
<br />Unamortized bond costs367,924
<br />50,149
<br />Intangible assets - net
<br />Capital assets - non -depreciable
<br />50,149
<br />14,878,804
<br />669,630
<br />22,937,014
<br />38,485,448
<br />308,210,426
<br />251,729
<br />Capital assets - depreciable
<br />16,566,826
<br />8,574,112
<br />(1,607,291)
<br />280,594,198
<br />(116,346,864)
<br />2,475,290
<br />(563,754)
<br />(127,022,525)
<br />(147,466)
<br />Capital assets - accumulated depreciation
<br />(8,504,616)
<br />Non-current restricted assets:
<br />2291,821
<br />2,291,821
<br />_
<br />Special assessments receivable
<br />,
<br />333,333
<br />333,333
<br />Notes receivable
<br />-
<br />798,521
<br />,521
<br />Impact fees receivable
<br />161,920
<br />161,920
<br />161
<br />_
<br />Liens receivable
<br />1,001
<br />16,261
<br />17,887
<br />Deposits
<br />22,991,163
<br />8,006,001
<br />194,098,019
<br />1,911,536
<br />227,006,719
<br />104,263
<br />Total non-current assets
<br />54,105,810
<br />8,132,054
<br />313,102,615
<br />7;099,950
<br />382,440,429
<br />15,870,002
<br />Total assets
<br />LIABILITIES
<br />Current liabilities (payable from current assets):
<br />1,160,815
<br />214,799
<br />1,360,903
<br />138,441
<br />2,874,958
<br />381,152
<br />Accounts payable
<br />_
<br />758
<br />758
<br />Retainage payable
<br />-
<br />-
<br />5,866,000
<br />Claims payable
<br />8,889
<br />5;931
<br />11,641
<br />26,461
<br />Due to other governments
<br />-
<br />32,397
<br />2,500
<br />34,897
<br />Unearned revenues
<br />80,338
<br />80,338
<br />-
<br />Capital leases
<br />Accrued compensated absences
<br />109,369
<br />37,355
<br />365,067
<br />94,863
<br />245,703
<br />606,654
<br />3,624,066
<br />41,846
<br />6,288,998
<br />Total current liabilities (payable from current assets)
<br />1,270,184
<br />373,778
<br />1,734,401
<br />Current liabilities (payable from restricted assets)
<br />1,678,189
<br />-
<br />1,678,189
<br />-
<br />Accounts payable
<br />3,173
<br />-
<br />245,254
<br />248,427
<br />Retainage payable
<br />Accrued interest payable
<br />_
<br />14,238
<br />475,000
<br />253,429
<br />2,505,000
<br />267,667
<br />2,980,000
<br />Bonds payable
<br />Closure and maintenance costs payable
<br />9,744,598
<br />72,571
<br />9,744,598
<br />3,270,770
<br />Customer deposits
<br />Total current liabilities (payable from restricted asset:
<br />224,928
<br />9,972,699
<br />-
<br />489,238
<br />2,973,271
<br />7,655,143
<br />72,571
<br />18,189,651
<br />Non-current liabilities:
<br />69,980
<br />71,428
<br />128,858
<br />72,135
<br />342,401
<br />14,067
<br />Accrued compensated absences
<br />-
<br />654,000
<br />Advance from other funds
<br />-
<br />113,000
<br />113,448
<br />-
<br />-
<br />113,448
<br />Capital leases
<br />Bonds payable - net of unamortized discount/premium
<br />4,6]4,099
<br />59,911,115
<br />64,525,2]4
<br />65,635,063
<br />]4,067
<br />Total non-current liabilities
<br />69,980
<br />5,452,975
<br />6,315,991
<br />60,039,973
<br />69,429,517
<br />72,135
<br />390,409
<br />87,448,780
<br />6,303,065
<br />Total liabilities
<br />11,312,863
<br />a
<br />NET ASSETS
<br />Invested in capital assets, net of related debt
<br />22,941,014
<br />2,547,352
<br />124,768,233
<br />1,911,536
<br />152,168,135
<br />104,263
<br />Restricted for:
<br />-
<br />39;583
<br />208,750
<br />248,333
<br />Debt service
<br />88,823,634
<br />88,823,634
<br />Capital projects
<br />Unrestricted 19,851,933
<br />$ 42,792,947
<br />(770,872)
<br />$ 1,816,063 $
<br />29,872,481
<br />4,798,005
<br />53,751,547
<br />9,462,674
<br />$ 9,566,937
<br />$ 294,991,649
<br />$ 6,709,541
<br />243,673,098
<br />I
<br />I
<br />Total net assets
<br />t
<br />The accompanying notes are an integral part of the financial statements.
<br />33
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