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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2011 <br />NOTE 15 — POLLUTION REMEDIATION - Continued <br />Governmental Activities: <br />1) South Gifford Road closed landfill — The nature of the pollution remediation obligation is <br />chlorinated solvent contamination. The consultant will conduct monitoring, bioremediation and <br />reporting with the Florida Department of Environmental Protection (FDEP). The amount of the <br />estimated year end liability is $2,450,000. <br />2) Old Administration Building — The nature of the pollution remediation obligation is closed <br />underground storage tank contamination. The consultant will conduct monitoring and reporting <br />with the FDEP. The amount of the estimated year end liability is $38,900. <br />3) Cattle dip site — The nature of the pollution remediation obligation is arsenic contamination. <br />The consultant will conduct monitoring and assessment. The amount of the estimated year end <br />liability is $75,300. <br />4) Former Cumberland Farms — The nature of the pollution remediation obligation is closed <br />underground storage tank petroleum contamination. The consultant will conduct the well <br />abandonment and obtain the final No Further Action. The amount of the estimated year end <br />liability is $5,000. <br />Total Governmental Activities liability:2 569 200 <br />Business -type Activities: <br />5) North County Reverse Osmosis plant — The nature of the pollution remediation obligation is <br />groundwater inorganics contamination. The consultant will conduct monitoring and <br />assessment. The amount of the estimated year end liability is $43,200. <br />6) Old Savannah Lift Station — The nature of the pollution remediation obligation is petroleum <br />impacts (diesel) due to a leaky filter on an emergency generator. The consultant will conduct <br />monitoring and assessment. The amount of the estimated year end liability is $21,800. <br />Total Business -type Activities liability: 65 000 <br />Due to the addition of the Old Savannah Lift Station site in fiscal year 2011, beginning net assets for <br />the Utilities Fund needed to be restated. Please see Note 21-C for information regarding the <br />restatement of beginning net assets for the proprietary funds as it relates to the pollution remediation <br />liability. The difference between the Utilities Fund restated beginning net assets of $35,281 and the <br />liability of $21,800 was expensed during the current year. <br />MW <br />