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Indian River County,Florida <br /> Notes To Financial Statements <br /> Year Ended September 30, 2009 <br /> NOTE 2 -RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL <br /> STATEMENTS - Continued <br /> A. Explanation of Differences Between the Governmental Fund Balance Sheet and the <br /> Government-wide Statement of Net Assets - Continued <br /> Unearned revenues <br /> Unearned revenues in the statement of net assets differ from the amount reported in governmental funds <br /> due to special assessment and FEMA receivables. Governmental fund financial statements report <br /> revenues,which are measurable but not available as unearned revenues. However, unearned revenues in <br /> governmental funds are susceptible to full accrual on government-wide financial statements. <br /> Unearned revenues reduced1$- ,3 <br /> 22,710 <br /> Internal service funds <br /> Internal service funds are used by management to charge the costs of fleet management, insurance <br /> activities, and GIS services to individual funds. The assets and liabilities of the internal service funds <br /> are included in governmental activities in the statement of net assets because they primarily serve <br /> governmental activities of the County. <br /> Internal service funds $ 20.645.553 <br /> Accrued grant and state shared revenues <br /> Some grant and state shared revenues are not recognized in the current period because the resources are <br /> not available;therefore,these revenues are not reported in the fund. <br /> Accrued grant revenues 4 906 608 <br /> Accrued interest revenues rr <br /> Some interest revenues are not recognized in the current period because the resources are not available, <br /> therefore,these revenues are not reported in the fund. <br /> Accrued interest revenues <br /> Net OPEB Obligation <br /> The net OPEB obligation asset resulting from contributions in excess of the annual required <br /> contribution is not a financial resource;therefore, it is not reported in the fund. <br /> OPEB asset $ 103,880 <br /> Elimination of interfund receivables/payables <br /> Interfund receivables and payables in the amount of $686,724 between governmental funds must be <br /> eliminated for the statement of net assets. <br /> 54 <br />