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Indian River County,Florida
<br /> Statement of Net Assets
<br /> September 30,2009
<br /> Primary Government
<br /> Governmental Business-type Component
<br /> ASSETS Activities Activities Total Unit
<br /> Current assets:
<br /> Cash and cash equivalents $ 182,635,297 $ 49,593,908 $ 232,229,205 $ 25,177
<br /> Investments 3,064 - 3,064
<br /> Accounts receivable-net 1,791,805 2,646,054 4,437,859 1,306
<br /> Internal balances 583,785 (583,785)
<br /> Due from other governments 44,916,705 891,097 45,807,802 321,506
<br /> Interest receivable 582,461 720,390 1,302,851
<br /> Inventories 173,437 1,024,472 1,197,909
<br /> t Prepaid expenses 1,150,481 2,090 1,152,571
<br /> Current restricted assets: _
<br /> Cash and cash equivalents 14,983,222 46,628,681 61,611,903 665,256
<br /> Total current assets 246,820,257 100,922,907
<br /> Non-current assets: 347,743,164 1,013,245
<br /> Unamortized bond costs 4,367,248 4,367,248 60,194
<br /> Net other postemployment benefits asset 103,880 - 103,880
<br /> Capital assets-non-depreciable 234,160,782 58,752,487 292,913,269 4,312,413
<br /> Capital assets-depreciable 471,071,798 391,242,359 862,314,157 9,647,974
<br /> Capital assets-accumulated depreciation (181,322,345) (166,945,408) (348,267,753) (5,345,142)
<br /> Non-current restricted assets:
<br /> Special assessments receivable 536,499 1,458,527 1,995,026
<br /> Impact fees receivable _ 874,785 874,785 _
<br /> Liens receivable 1,205,484 1,205,484
<br /> Total non-current assets 524,550,614 290,955,482 815,506,096 8,675,439
<br /> Total assets 771,370,871 391,878,389 1,163,249,260 9,688,684
<br /> LIABILITIES
<br /> Current liabilities(payable from current assets):
<br /> Accounts payable 8,929,094 3,036,354 11,965,448 347,307
<br /> Retainage payable 387,686 387,686
<br /> Claims payable 2,348,660 - 2,348,660 -
<br /> Due to other governments 709,465 13,462 722,927 -
<br /> Other deposits held in escrow 296,921 2,000 298,921 -
<br /> Unearned revenues 1,121,724 37,390 1,159,114
<br /> Accrued compensated absences 3,192,740 451,186 3,643,926 -
<br /> Pollution remediation costs payable 152,717 9,760 162,477 -
<br /> Current liabilities(payable firom current restricted assets):
<br /> Accounts payable - 1,799,914 1,799,914
<br /> Retainage payable 1,139,339 915,917 2,055,256 -
<br /> Accrued interest payable 528,883 225,791 754,674 30,284
<br /> Closure and maintenance costs payable - 1,795,542 1,795,542 -
<br /> Customer deposits - 2,736,218 2,736,218 16,192
<br /> Bonds payable 5,315,000 3,380,000 8,695,000 131,000
<br /> Total current liabilities 23,734,543 14,791,220 38,525,763 524,783
<br /> Non-current liabilities:
<br /> It Accrued compensated absences 7,103,399 606,668 7,710,067
<br /> Pollution remediation costs payable 2,190,583 34,240 2,224,823
<br /> Claims payable 5,526,340 - 5,526,340 -
<br /> Closure and maintenance costs payable - 8,632,433 8,632,433 -
<br /> Bonds payable,net of premium and discount 56,885,387 56,396,398 113,281,785 3,304,779
<br /> Total non-current liabilities 71,705,709 65,669,739 137,375,448 3,304,779
<br /> Total liabilities 95,440,252 80,460,959 175,901,211 3,829,562
<br /> NET ASSETS
<br /> Invested in capital assets,net of related debt 461,709,848 223,273,040 684,982,888 5,179,466
<br /> Restricted for:
<br /> Capital projects 38,536,392 50,740,261 89,276,653 524,280
<br /> Debt service/bond covenants 3,787,687 281,667 4,069,354 124,784
<br /> Road projects 56,256,885 _ 56,256,885 -
<br /> Other special revenues 51,043,400 51,043,400
<br /> Economic incentives 8,000,000 - 8,000,000 -
<br /> Long term advances to other funds 682,000 - 682,000 -
<br /> Unrestricted 55,914,407 37,122,462 93,036,869 30,592
<br /> Total net assets $ 675,930,619 $ 311,417,430 $ 987,348,049 $ 5,859,122
<br /> The accompanying notes are an integral part of the financial statements.
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