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Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2010
<br />NOTE 12 — ACCOUNTS PAYABLE
<br />Payables
<br />Payables at September 30, 2010, were as follows:
<br />The County has not engaged in any short-term debt activity during fiscal year 2010 other than that
<br />listed in Note 9.
<br />Due To Other Governments — Utilities Fund
<br />On August 25, 2010, the County received notification from the State Division of Emergency
<br />Management that a repayment of $2,827,524 may be due to the Federal Emergency Management
<br />Agency (FEMA) for disallowed costs related to a sewer project. The County has appealed FEMA's
<br />decision. As of September 30, 2010, the County recorded these costs as a liability, Due to Other
<br />Governments, in the Utilities proprietary fund while awaiting FEMA's response to the appeal.
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<br />Salaries and
<br />Total
<br />Governmental Activities:
<br />Vendors
<br />Benefits
<br />Payables
<br />General
<br />$ 1,429,321
<br />$ 1,790,270
<br />$ 3,219,591
<br />Impact Fees
<br />980,402
<br />2,938
<br />983,340
<br />Secondary Roads Construction
<br />635,404
<br />8,139
<br />643,543
<br />Transportation
<br />204,966
<br />222,802
<br />427,768
<br />Emergency Services
<br />218,783
<br />682,108
<br />900,891
<br />Optional Sales Tax
<br />1,415,584
<br />-
<br />1,415,584
<br />Other governmental
<br />1,065,347
<br />67,715
<br />1,133,062
<br />Total Governmental Activities
<br />5.949,807
<br />$2,773,972
<br />8,723,779
<br />Business -Type Activities
<br />Payable from current assets:
<br />Solid Waste
<br />$ 370,812
<br />$ 75,154
<br />$ 445,966
<br />Golf Course
<br />32,034
<br />18,973
<br />51,007
<br />Utilities
<br />530,784
<br />249,297
<br />780,081
<br />Building
<br />2,414
<br />37,841
<br />40,255
<br />Payable from restricted assets:
<br />Utilities
<br />1,511,711
<br />-
<br />1,511,711
<br />Total Business -Type Activities
<br />2,447,755
<br />$ 381,265
<br />2,829,020
<br />The County has not engaged in any short-term debt activity during fiscal year 2010 other than that
<br />listed in Note 9.
<br />Due To Other Governments — Utilities Fund
<br />On August 25, 2010, the County received notification from the State Division of Emergency
<br />Management that a repayment of $2,827,524 may be due to the Federal Emergency Management
<br />Agency (FEMA) for disallowed costs related to a sewer project. The County has appealed FEMA's
<br />decision. As of September 30, 2010, the County recorded these costs as a liability, Due to Other
<br />Governments, in the Utilities proprietary fund while awaiting FEMA's response to the appeal.
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