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LIABILITIES
<br />Current liabilities (payable from current assets)
<br />Accounts payable
<br />Indian River County, Florida
<br />1,317,309
<br />10,041,088
<br />Retainage payable
<br />Statement of Net Assets
<br />8,680
<br />13,448
<br />Claims payable
<br />September 30, 2010
<br />-
<br />2,351,622
<br />Due to other governments
<br />1,136,006
<br />Primary Government
<br />3,994,228
<br />Other deposits held in escrow
<br />Governmental
<br />Business -type
<br />338,008
<br />Unearned revenues
<br />Activities
<br />Activities
<br />Total
<br />ASSETS
<br />5,365,983
<br />474,746
<br />5,840,729
<br />Current assets:
<br />255,240
<br />9,280
<br />264,520
<br />Cash and cash equivalents
<br />$ 197,648,098
<br />$ 49,739,440 $
<br />247,387,538
<br />Investments
<br />868,909
<br />-
<br />868,909
<br />Accounts receivable - net
<br />2,046,687
<br />2,840,234
<br />4,886,921
<br />Internal balances
<br />526,669
<br />(526,669)
<br />-
<br />Due from other governments
<br />32,427,815
<br />11,300
<br />32,439,115
<br />Interest receivable
<br />327,206
<br />572,319
<br />899,525
<br />Inventories
<br />199,476
<br />951,001
<br />1,150,477
<br />Other assets held for resale
<br />1,677,658
<br />-
<br />1,677,658
<br />Prepaid expenses
<br />1,280,316
<br />33,333
<br />1,313,649
<br />Current restricted assets:
<br />2,242,960
<br />32,320
<br />2,275,280
<br />Cash and cash equivalents
<br />14,006,587
<br />43,568,394
<br />57,574,981
<br />Total current assets
<br />251,009,421
<br />97,189,352
<br />348,198,773
<br />Non-current assets:
<br />52,522,163
<br />52,654,121
<br />105,176,284
<br />Unamortized bond issuance costs
<br />-
<br />577,605
<br />577,605
<br />Deferred amounts on refundings
<br />-
<br />3,451,072
<br />3,451,072
<br />Net other postemployment benefits asset
<br />319,730
<br />-
<br />319,730
<br />Capital assets - non -depreciable
<br />235,240,647
<br />29,871,780
<br />265,112,427
<br />Capital assets - depreciable
<br />497,424,352
<br />427,551,607
<br />924,975,959
<br />Capital assets - accumulated depreciation
<br />(195,629,098)
<br />(181,335,001)
<br />(376,964,099)
<br />Non-current restricted assets:
<br />18,781,568
<br />18,781,568
<br />Special assessments receivable
<br />440,907
<br />1,568,428
<br />2,009,335
<br />Impact fees receivable
<br />-
<br />815,573
<br />815,573
<br />Liens receivable
<br />-
<br />1,569,743
<br />1,569,743
<br />Total non-current assets
<br />537,796,538
<br />284,070,807
<br />821,867,345
<br />Total assets
<br />788,805,959
<br />381,260,159
<br />1,170,066,118
<br />LIABILITIES
<br />Current liabilities (payable from current assets)
<br />Accounts payable
<br />8,723,779
<br />1,317,309
<br />10,041,088
<br />Retainage payable
<br />4,768
<br />8,680
<br />13,448
<br />Claims payable
<br />2,351,622
<br />-
<br />2,351,622
<br />Due to other governments
<br />1,136,006
<br />2,858,222
<br />3,994,228
<br />Other deposits held in escrow
<br />337,008
<br />1,000
<br />338,008
<br />Unearned revenues
<br />496,853
<br />27,428
<br />524,281
<br />Accrued compensated absences
<br />5,365,983
<br />474,746
<br />5,840,729
<br />Pollution remediation costs payable
<br />255,240
<br />9,280
<br />264,520
<br />Current liabilities (payable from current restricted assets):
<br />Accounts payable
<br />-
<br />1,511,711
<br />1,511,711
<br />Retainage payable
<br />1,251,420
<br />124,900
<br />1,376,320
<br />Accrued interest payable
<br />485,167
<br />203,699
<br />688,866
<br />Customer deposits
<br />-
<br />2„589,133
<br />2,589,133
<br />Bonds payable
<br />4,270,000
<br />3,510,000
<br />7,780,000
<br />Total current liabilities
<br />24,677,846
<br />12,636,108
<br />37,313,954
<br />Non-current liabilities:
<br />Accrued compensated absences
<br />4,832,677
<br />553,044
<br />5,385,721
<br />Pollution remediation costs payable
<br />2,242,960
<br />32,320
<br />2,275,280
<br />Claims payable
<br />5,547,378
<br />-
<br />5,547,378
<br />Closure and maintenance costs payable
<br />-
<br />9,518,736
<br />9,518,736
<br />Bonds payable, net of premium and discount
<br />52,522,163
<br />52,654,121
<br />105,176,284
<br />Total non-current liabilities
<br />65,145,178
<br />62,758,221
<br />127,903,399
<br />Total liabilities
<br />89,823,024
<br />75,394,329
<br />165,217,353
<br />NET ASSETS
<br />Invested in capital assets, net ofrelated debt
<br />480,243,738
<br />223,375,337
<br />703,619,075
<br />Restricted for:
<br />Transportation/road projects
<br />41,266,356
<br />-
<br />41,266,356
<br />Public safety
<br />18,781,568
<br />18,781,568
<br />Court related costs
<br />3,515,856
<br />3,515,856
<br />Housing assistance
<br />2,478,523
<br />2,478,523
<br />Capital projects
<br />37,711,845
<br />27,605,792
<br />65,317,637
<br />Beach renourishment
<br />11,245,974
<br />-
<br />11,245,974
<br />Culture/recreation
<br />9,287,622
<br />-
<br />9,287,622
<br />Debt service
<br />2,898,553
<br />292,500
<br />3,191,053
<br />Environmental conservation/preservation
<br />1,381,231
<br />-
<br />1,381,231
<br />Special assessment projects
<br />1,576,087
<br />1,576,087
<br />Other purposes
<br />2,785,223
<br />-
<br />2,785,223
<br />Unrestricted
<br />85,810,359
<br />54,592,201
<br />140,402,560
<br />Total net assets
<br />$ 698,982,935 $
<br />305,865,830
<br />$ 1,004,848,765
<br />The accompanying notes
<br />are an integral part of the financial statements.
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