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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2013 <br />NOTE 14 - PROVISION FOR CLOSURE COSTS - Continued <br />Required closure and post -closure sub -accounts: <br />Capacity Estimated <br />Used Closing <br />Amount <br />Closure Costs <br />Class I - Segments I and II 61% 2030 $ 7,101,947 <br />Construction and Demolition - Cell I 90% 2023 1,136,866 <br />Post -closure Costs <br />Class I - Segments I and II N/A N/A 2,588,435 <br />Construction and Demolition - Cell I N/A N/A 184,488 <br />Total account balance at 9/30/13: $ 11,011,736 <br />All amounts recognized are based on what it would cost to perform all closure and post -closure <br />functions in current dollars. Actual costs may be different due to inflation, deflation, changes in <br />technology, or changes in laws and regulations. The SWDD is required by FDEP to annually show proof <br />of ability to finance closure and post -closure costs. The SWDD is making annual deposits to a closure <br />and post -closure cost escrow account to provide for the financing of future closure -related expenses. At <br />September 30, 2013, $10,978,126 was on deposit at the Florida Local Government Investment Trust <br />and $33,610 was on deposit in the County's Operating account. <br />A summary of changes in the landfill closure liability account is as follows: <br />Balance Balance <br />10/01/12 Deposits Withdrawals 09/30/13 <br />Closure and long-term care costs $ 10,513,736 $ 498,000 $ - $11,011,736 <br />Of the $11,011,736 liability for closure and long-term care costs, management estimates that no funds <br />will be due and payable within one year. <br />85 <br />