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LIABILITIES
<br />Current liabilities (payable from current assets)
<br />Accounts payable
<br />Indian River County, Florida
<br />1,561,323
<br />8,197,209
<br />Retainage payable
<br />Statement of Net Assets
<br />13,769
<br />13,769
<br />Claims payable
<br />September 30, 2011
<br />-
<br />2,395,278
<br />Due to other governments
<br />441,087
<br />Primary Government
<br />3,287,672
<br />Other deposits held in escrow
<br />Governmental
<br />Business -type
<br />421,025
<br />Unearned revenues
<br />Activities
<br />Activities
<br />Total
<br />ASSETS
<br />5,916,426
<br />667,833
<br />6,584,259
<br />Current assets:
<br />136,373
<br />17,720
<br />154,093
<br />Cash and cash equivalents
<br />$ 201,601,168
<br />$ 54,981,094 $
<br />256,582,262
<br />Investments
<br />675,338
<br />-
<br />675,338
<br />Accounts receivable - net
<br />2,323,431
<br />2,879,477
<br />5,202,908
<br />Internal balances
<br />708,505
<br />(708,505)
<br />-
<br />Due from other governments
<br />19,105,936
<br />10,800
<br />19,116,736
<br />Interest receivable
<br />284,265
<br />555,527
<br />839,792
<br />Inventories
<br />252,583
<br />930,721
<br />1,183,304
<br />Other assets held for resale
<br />1,106,716
<br />-
<br />1,106,716
<br />Prepaid expenses
<br />1,418,480
<br />181,164
<br />1,599,644
<br />Current restricted assets:
<br />2,432,827
<br />47,280
<br />2,480,107
<br />Cash and cash equivalents
<br />14,220,716
<br />40,298,882
<br />54,519,598
<br />Total current assets
<br />241,697,138
<br />99,129,160
<br />340,826,298
<br />Non-current assets:
<br />47,988,939
<br />48,796,846
<br />96,785,785
<br />Unamortized bond issuance costs
<br />-
<br />526,953
<br />526,953
<br />Deferred amounts on refundings
<br />-
<br />3,163,156
<br />3,163,156
<br />Net other postemployment benefits asset
<br />189,584
<br />-
<br />189,584
<br />Capital assets - non -depreciable
<br />240,284,729
<br />32,258,949
<br />272,543,678
<br />Capital assets - depreciable
<br />517,422,439
<br />428,048,045
<br />945,470,484
<br />Capital assets - accumulated depreciation
<br />(212,977,928)
<br />(193,171,562)
<br />(406,149,490)
<br />Non-current restricted assets:
<br />15,879,292
<br />15,879,292
<br />Special assessments receivable
<br />367,111
<br />1,256,636
<br />1,623,747
<br />Impact fees receivable
<br />-
<br />798,541
<br />798,541
<br />Liens receivable
<br />44,563,790
<br />2,133,445
<br />2,133,445
<br />Total non-current assets
<br />545,285,935
<br />275,014,163
<br />820,300,098
<br />Total assets
<br />786,983,073
<br />374,143,323
<br />1,161,126,396
<br />LIABILITIES
<br />Current liabilities (payable from current assets)
<br />Accounts payable
<br />6,635,886
<br />1,561,323
<br />8,197,209
<br />Retainage payable
<br />-
<br />13,769
<br />13,769
<br />Claims payable
<br />2,395,278
<br />-
<br />2,395,278
<br />Due to other governments
<br />441,087
<br />2,846,585
<br />3,287,672
<br />Other deposits held in escrow
<br />420,025
<br />1,000
<br />421,025
<br />Unearned revenues
<br />1,448,021
<br />28,274
<br />1,476,295
<br />Accrued compensated absences
<br />5,916,426
<br />667,833
<br />6,584,259
<br />Pollution remediation costs payable
<br />136,373
<br />17,720
<br />154,093
<br />Current liabilities (payable from current restricted assets):
<br />Accounts payable
<br />-
<br />287,331
<br />287,331
<br />Retainage payable
<br />1,331,809
<br />136,260
<br />1,468,069
<br />Accrued interest payable
<br />448,907
<br />191,367
<br />640,274
<br />Customer deposits
<br />-
<br />2,604,928
<br />2,604,928
<br />Bonds payable
<br />4,440,000
<br />3,625,000
<br />8,065,000
<br />Total current liabilities
<br />23,613,812
<br />11,981,390
<br />35,595,202
<br />Non-current liabilities:
<br />Accrued compensated absences
<br />4,852,059
<br />153,245
<br />5,005,304
<br />Pollution remediation costs payable
<br />2,432,827
<br />47,280
<br />2,480,107
<br />Claims payable
<br />5,481,722
<br />-
<br />5,481,722
<br />Closure and maintenance costs payable
<br />-
<br />10,016,236
<br />10,016,236
<br />Bonds payable, net of premium and discount
<br />47,988,939
<br />48,796,846
<br />96,785,785
<br />Total non-current liabilities
<br />60,755,547
<br />59,013,607
<br />119,769,154
<br />Total liabilities
<br />84,369,359
<br />70,994,997
<br />155,364,356
<br />NET ASSETS
<br />Invested in capital assets, net ofrelated debt
<br />492,300,301
<br />217,876,742
<br />710,177,043
<br />Restricted for:
<br />Transportation/road projects
<br />33,820,170
<br />-
<br />33,820,170
<br />Public safety
<br />15,879,292
<br />15,879,292
<br />Court related costs
<br />3,604,959
<br />3,604,959
<br />Housing assistance
<br />3,022,313
<br />3,022,313
<br />Capital projects
<br />44,563,790
<br />23,931,768
<br />68,495,558
<br />Beach renourishment
<br />7,675,801
<br />-
<br />7,675,801
<br />Culture/recreation
<br />9,188,235
<br />-
<br />9,188,235
<br />Debt service
<br />2,632,336
<br />298,333
<br />2,930,669
<br />Environmental conservation/preservation
<br />1,352,034
<br />-
<br />1,352,034
<br />Special assessment projects
<br />1,660,771
<br />1,660,771
<br />Other purposes
<br />2,052,815
<br />-
<br />2,052,815
<br />Unrestricted
<br />84,860,897
<br />61,041,483
<br />145,902,380
<br />Total net assets
<br />$ 702,613,714 $
<br />303,148,326
<br />$ 1,005,762,040
<br />The accompanying notes
<br />are an integral part of the financial statements.
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