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Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2013 <br />Indian River County Net Position (In millions) <br />September 30, 2012 and 2013 <br />net investment in capital assets <br />restricted <br />unrestricted <br />0 100 200 300 400 500 <br />600 700 800 <br />■ 2012 <br />■ 2013 <br />By far, the largest portion of the County's net position (72% or $729.0 million) reflects its investment in <br />capital assets (e.g., land, buildings, infrastructure, intangibles, machinery, and equipment), less any <br />related outstanding debt used to acquire those assets that is still outstanding. The County uses these <br />capital assets to provide services to citizens; consequently, these assets are not available for future <br />spending. Although the County's investment in its capital assets is reported as net of related debt, it <br />should be noted that the resources needed to repay this debt must be provided from other sources, since <br />the capital assets themselves cannot be used to liquidate these liabilities. <br />A portion of the County's net position (14% or $138.2 million) represents resources that are subject to <br />external restrictions on how they may be used. The remaining balance of the unrestricted net position <br />($140.5 million) may be used to meet the government's ongoing obligations to citizens and creditors. <br />7 <br />