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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2010 <br />NOTE 23 - COMMITMENTS AND CONTINGENCIES - Continued <br />B. Contracts and Other Commitments - Continued <br />A summary of these projects at September 30, 2010, is as follows: <br />General <br />Special Revenue <br />Capital Projects <br />Enterprise <br />Total <br />C. Grants <br />Total <br />Contract Price <br />$ 724,705 $ <br />34,903,912 <br />12,223,685 <br />8,551,914 <br />Total Paid as of <br />September 30, 2010 <br />(403,237) $ <br />(20,902,256) <br />(9,512,494) <br />(5,275,542) <br />Remaining <br />Balance at <br />September 30, 2010 <br />321,468 <br />14,001,656 <br />2,711,191 <br />3,276,372 <br />$ 56,404,216 $ (36,093,529) $ 20,310,687 <br />Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantor <br />agencies. If any expenditures are disallowed as a result of these audits, the claims for reimbursement to <br />the grantor agency would become a liability of the County. In the opinion of management, any such <br />adjustments would not be significant. <br />NOTE 24 — SUBSEQUENT EVENTS <br />On February 15, 2011, the Board of County Commissioners elected to change the financial and <br />administrative support to the Indian River County Housing Authority (IRCHA). As of April 15, 2011 <br />the IRCHA will no longer be included as a component unit in the County's Comprehensive Annual <br />Financial Report (CAFR) going forward. The County has agreed to continue funding the IRCHA for <br />the remainder of the 2011 fiscal year with the unspent appropriation. For fiscal years ending after <br />September 30, 2011, the IRCHA will be funded like an outside agency. <br />