Laserfiche WebLink
Indian River County, Florida <br />Reconciliation of Total Governmental Fund Balances <br />to Net Assets of Governmental Activities <br />September 30, 2010 <br />Total governmental fund balances: $ 201,984,018 <br />Amounts reported for governmental activities in the statement of net assets are different because <br />Capital assets used in governmental activities are not financial resources and, therefore, are not reported 536,574,076 <br />in the fund. <br />Long-term liabilities, including bonds payable ($56,792,163), accrued compensated absences ($10,151,576) <br />and pollution remediation costs ($2,498,200) are not due and payable in the current period and, therefore, <br />are not reported in the fund. (69,441,939) <br />Accrued general long-term debt interest expenses are not financial uses and, therefore, are not reported it (485,167) <br />the fund. <br />Special assessment receivables are not financial resources in the current period and, therefore, are reported <br />as unearned revenues. 95,592 <br />Accrued interest on special assessments is not recognized in the current period because the resources ar <br />not available and, therefore, not reported in the fund 100,184 <br />Internal service funds are used by management to charge the costs of certain activities, such as insurance <br />fleet, and geographic information system services, to individual funds. The assets and liabilities of the <br />internal service funds are included in governmental activities in the statement of net assets 24,112,503 <br />Grant revenues are not recognized in the current period because the resources are not available and <br />therefore, are not reported in the fund 5,522,728 <br />The OPEB asset resulting from contributions in excess of the annual required contribution is not a financia <br />resource and, therefore, is not reported in the funds 319,730 <br />Interest revenues are not recognized in the current period because the resources are not available and, <br />therefore, are not reported in the fund. 201,210 <br />Net assets of governmental activities $ 698,982,935 <br />The accompanying notes are an integral part of the financial statements. <br />22 <br />