Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2011
<br />NOTE 11– DUE FROM OTHER GOVERNMENTS - Continued
<br />Governmental Funds - Continued
<br />Segment Two Amount Advance Funded
<br />Less: Reimbursements received as of 9/30/2011
<br />Balance Due from FDOT SR60 Agreement
<br />Additional Funds Due from other governments
<br />Total Due from other governments
<br />NOTE 12 – ACCOUNTS PAYABLE
<br />Payables
<br />Payables at September 30, 2011, were as follows:
<br />Governmental Activities:
<br />General
<br />Impact Fees
<br />Secondary Roads Construction
<br />Transportation
<br />Emergency Services
<br />Optional Sales Tax
<br />Other governmental
<br />Total Governmental Activities
<br />Business -Type Activities:
<br />Payable from current assets:
<br />Solid Waste
<br />Golf Course
<br />Utilities
<br />Building
<br />Payable from restricted assets:
<br />Utilities
<br />Total Business -Type Activities
<br />Vendors
<br />$ 1,529,293
<br />747,711
<br />688,779
<br />132,818
<br />438,263
<br />903,954
<br />815,991
<br />5.256.809
<br />Optional Sales
<br />Tax Fund
<br />$ 14,429,754
<br />(500,000)
<br />13,929,754
<br />1,213,941
<br />$ 15,143,695
<br />Salaries and
<br />Benefits
<br />—
<br />$ 1,255,225
<br />17,616
<br />774
<br />23,032
<br />66,917
<br />15,513
<br />1.379.077
<br />Total
<br />Payables
<br />$ 2,784,518
<br />765,327
<br />689,553
<br />155,850
<br />505,180
<br />903,954
<br />831,504
<br />6.635.886
<br />$ 989,811
<br />$ 1,782
<br />$ 991,593
<br />24,508
<br />1,867
<br />26,375
<br />513,153
<br />23,375
<br />536,528
<br />3,532
<br />3,295
<br />6,827
<br />287,331
<br />-
<br />287,331
<br />1.818.335
<br />S 30.319
<br />1.848.654
<br />The County has not engaged in any short-term debt activity during fiscal year 2011 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, 2011, 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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