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Indian River County,Florida
<br /> Statement of Net Assets
<br /> Proprietary Funds
<br /> September 30,2009
<br /> Business-type Activities-Enterprise Funds Governmental
<br /> Solid Waste Activities
<br /> Disposal Golf County County Internal
<br /> ASSETS District Course Utilities Building Total Service Fund
<br /> Current assets:
<br /> Cash and cash equivalents S 16,876,747 $ 9,727 S 28,535,779 S 4,171,655 S 49,593,908 S 25,711,338
<br /> Accounts receivable-net 114,406 - 2,531,648 - 2,646,054 1,149,295
<br /> Due from other funds 98,215 - - 98,215 -
<br /> Due from other governments 879,126 11,700 271 - 891,097 96,664
<br /> Interest receivable 81,990 2,147 625,368 10,885 720,390 52,432
<br /> Inventories - 44,569 979,903 - 1,024,472 121,929
<br /> Prepaid items 1,000 - 1,090 2,090 1,010,028
<br /> Current restricted assets:
<br /> Cash and cash equivalents 13,939,253 471,264 32,218,164 46,628,681 -
<br /> Total current assets 31,990,737 539,407 64,892,223 4,182,540 101,604,907 28,141,686
<br /> Non-current assets:
<br /> Unamortized bond costs - 257,295 4,109,953 4,367,248 -
<br /> Capital assets-non-depreciable 19,155,483 669,630 38,927,374 58,752,487 -
<br /> Capital assets-depreciable 21,469,266 8,559,920 360,713,220 499,953 391,242,359 954,353
<br /> Capital assets-accumulated depreciation (9,970,909) (2,032,258) (154,502,192) (440,049) (166,945,408) (324,693)
<br /> Non-current restricted assets:
<br /> Special assessments receivable 1,458,527 1,458,527
<br /> Impact fees receivable 874,785 874,785
<br /> Liens receivable 1,205,484 1,205,484
<br /> Total non-current assets 30,653,840 7,454,587 252,787,151 59,904 290,955,482 629,660
<br /> Total assets 62,644,577 7,993,994 317,679,374 4,242,444 392,560,389 28,771,346
<br /> LIABILITIES
<br /> Current liabilities(payable from current assets):
<br /> Accounts payable 1,766,423 64,729 1,164,646 40,556 3,036,354 210,054
<br /> Retainage payable 387,686 - - 387,686 -
<br /> Claims payable - - 2,348,660
<br /> Due to other governments 8,677 4,785 13,462 -
<br /> Other deposits 2,000 - 2,000
<br /> Unearned revenues 37,390 - 37,390
<br /> Pollution remediation payable - 9,760 - 9,760
<br /> Accrued compensated absences 104,280 43,508 272,253 31,145 451,186 18,415
<br /> Total current liabilities(payable from current assets) 2,258,389 156,304 1,446,659 76,486 3,937,838 2,577,129
<br /> Current liabilities(payable from restricted assets)
<br /> Accounts payable - - 1,799,914 - 1,799,914 -
<br /> Retainage payable - 915,917 915,917
<br /> Accrued interest payable 11,264 214,527 225,791
<br /> Bonds payable - 510,000 2,870,000 3,380,000
<br /> Closure and maintenance costs payable 1,795,542 - 1,795,542
<br /> Customer deposits 164,166 2,572,052 2,736,218
<br /> Total current liabilities(payable from restricted assets) 1,959,708 521,264 8,372,410 10,853,382 -
<br /> Total current liabilities 4,218,097 677,568 9,819,069 76,486 14,791,220 2,577,129
<br /> Non-current liabilities:
<br /> Accrued compensated absences 136,369 33,475 358,146 78,678 606,668 22,324
<br /> Advance from other funds - 682,000 - - 682,000 -
<br /> Claims payable - - - 5,526,340
<br /> Pollution remediation payable - 34,240 34,240 -
<br /> Closure and maintenance costs payable 8,632,433 - 8,632,433
<br /> Bonds payable-net of unamortized discount/premium 3,142,985 53,253,413 56,396,398
<br /> Total non-current liabilities 8,768,802 3,858,460 53,645,799 78,678 66,351,739 5,548,664
<br /> Total liabilities 12,986,899 4,536,028 63,464,868 155,164 81,142,959 8,125,793
<br /> NET ASSETS
<br /> Invested in capital assets,net of related debt 30,653,840 3,544,307 189,014,989 59,904 223,273,040 629,660
<br /> Restricted for.
<br /> Debt service - 42,500 239,167 - 281,667 -
<br /> Capital projects - - 50,740,261 - 50,740,261 -
<br /> Umestricted 19,003,838 (128,841) 14,220,089 4,027,376 37,122,462 20,015,893
<br /> Total net assets S 49,657,678 S 3,457,966 $ 254,214,506 S 4,087,280 S 311,417,430 S 20,645,553
<br /> The accompanying notes are an integral part of the financial statements.
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