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Indian River County, Florida
<br />Statement of Net Position
<br />September 30, 2013
<br />Primary Government
<br />Governmental Business -type
<br />Activities Activities
<br />Total
<br />ASSETS
<br />Current assets:
<br />Cash and cash equivalents $ 196,460,153 $ 59,613,712 $ 256,073,865
<br />Investments 837,078 837,078
<br />Accounts receivable - net 1,123,458 2,690,015 3,813,473
<br />Internal balances 1,652,243 (1,652,243) -
<br />Due from other governments 15,932,575 11,000 15,943,575
<br />Interest receivable 274,525 567,949 842,474
<br />Inventories 241,168 903,988 1,145,156
<br />Prepaid expenses 1,325,011 219,152 1,544,163
<br />Current restricted assets:
<br />Cash and cash equivalents 5,432,485 43,682,848 49,115,333
<br />Total current assets 223,278,696 106,036,421 329,315,117
<br />Non-current assets:
<br />Net other postemployment benefits asset 300,606 - 300,606
<br />Capital assets - non -depreciable 237,834,350 42,133,928 279,968,278
<br />Capital assets - depreciable 567,627,376 431,355,241 998,982,617
<br />Capital assets - accumulated depreciation (249,073,518) (222,202,427) (471,275,945)
<br />Non-current restricted assets:
<br />Special assessments receivable 298,361 837,768 1,136,129
<br />Impact fees receivable 1,069,667 1,069,667
<br />Liens receivable 3,155,552 3,155,552
<br />Total non-current assets 556,987,175 256,349,729 813,336,904
<br />Total assets 780,265,871 362,386,150 1,142,652,021
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred amounts on refundings
<br />Total deferred outflows of resources
<br />2,506,911 2,506,911
<br />2,506,911 2,506,911
<br />LIABILITIES
<br />Current liabilities (payable from current assets):
<br />Accounts payable 9,221,578 3,326,581 12,548,159
<br />Retainage payable - 218,329 218,329
<br />Claims payable 2,197,855 2,197,855
<br />Due to other governments 830,466 2,850,115 3,680,581
<br />Other deposits held in escrow 101,536 1,000 102,536
<br />Unearned revenues 259,013 30,744 289,757
<br />Accrued compensated absences 5,648,031 616,316 6,264,347
<br />Pollution remediation costs payable 120,190 5,167 125,357
<br />Current liabilities (payable from current restricted assets):
<br />Accounts payable 106,718 106,718
<br />Retainage payable 1,390,920 26,557 1,417,477
<br />Accrued interest payable 341,565 161,454 503,019
<br />Customer deposits - 2,983,394 2,983,394
<br />Bonds payable 3,700,000 3,350,000 7,050,000
<br />Total current liabilities 23,811,154 13,676,375 37,487,529
<br />Non-current liabilities:
<br />Accrued compensated absences 5,656,718 198,316 5,855,034
<br />Pollution remediation costs payable 2,607,210 5,333 2,612,543
<br />Claims payable 5,876,145 - 5,876,145
<br />Due to other governments 474,260 - 474,260
<br />Closure and maintenance costs payable - 11,011,736 11,011,736
<br />Bonds payable, net of premium and discount 34,432,489 39,670,793 74,103,282
<br />Total non-current liabilities 49,046,822 50,886,178 99,933,000
<br />Total liabilities 72,857,976 64,562,553 137,420,529
<br />NET POSITION
<br />Net investment in capital assets 518,255,719 210,772,860 729,028,579
<br />Restricted for:
<br />Transportation/road projects 25,856,763 - 25,856,763
<br />Public safety 15,147,917 15,147,917
<br />Court related costs 3,362,563 3,362,563
<br />Housing assistance 1,253,616 - 1,253,616
<br />Capital projects 53,881,701 20,871,037 74,752,738
<br />Beach renourishment 6,174,870 - 6,174,870
<br />Culture/recreation 7,343,966 7,343,966
<br />Debt service 2,288,289 2,288,289
<br />Environmental conservation/preservation 212,171 212,171
<br />Special assessment projects 1,799,899 - 1,799,899
<br />Unrestricted 71,830,421 68,686,611 140,517,032
<br />Total net position $ 707,407,895 $ 300,330,508 $ 1,007,738,403
<br />The accompanying notes are an integral part of the fmancial statements.
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