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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2013 <br />NOTE 20 - FUND BALANCE DEFICIT <br />The following funds had a deficit in fund balance at September 30, 2013: <br />Fund Deficit <br />Nonmajor Governmental Funds: <br />Metropolitan Planning Organization Fund $ 284,024 <br />Community Development Block Grant Fund 12,244 <br />CDBG NSP3 Grant Fund 34,303 <br />Federal/State Grants Fund 1,452 <br />Total Deficit $ 332,023 <br />The deficits for these four funds will be eliminated by grant proceeds in fiscal year 2014. <br />NOTE 21 — NET POSITION <br />A. Restricted Net Position <br />The County has established a restriction in the County Utilities Fund for capital projects related to an <br />expansion of capacity within the water and sewer system. At September 30, 2013, this capital projects <br />restriction is reported on the government -wide and proprietary funds statements of net position in the <br />amount of $20,871,037. <br />B. Net Position Restricted by Enabling Legislation <br />The government -wide statement of net position for the primary government reports $138,192,792 of <br />restricted net position, of which $83,659,319 is restricted by enabling legislation. <br />C. Restatement of Beginning Net Position <br />Beginning net position for the governmental activities was restated due to the reclassification of <br />amounts previously reported in an agency fund to a special revenue fund. At October 1, 2012, this <br />results in an increase of beginning net position of $107,947. See note 19D for further information on <br />this restatement. <br />96 <br />