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Indian River County, Florida Reconciliation of Total Governmental Fund Balances to Net Position of Governmental Activities September 30, 2013 Total governmental fund balances: $ 172,561,446 Amounts reported for governmental activities in the statement of net position are different because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported 556,174,809 in the fund. Long-term liabilities, including bonds payable ($38,132,489), accrued compensated absences ($11,250,922), medicaid settlement funds payable ($632,342) and accrued pollution remediation costs ($2,727,400) are not due and payable in the current period and, therefore, are not reported in the fund. (52,743,153) Accrued general long-term debt interest expenses are not financial uses and, therefore, are not reported in (341,565) the fund. Special assessment receivables are not available to pay for current period expenditures and, therefore, are reported as unavailable revenue in the funds. 440,587 Accrued interest on special assessments is not recognized in the current period because the resources are not available and, therefore, not reported in the fund. 47,564 Internal service funds are used by management to charge the costs of certain activities, such as insurance, fleet, and geographic information system services, to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the statement of net position. Grant revenues are not recognized in the current period because the resources are not available and, therefore, are not reported in the fund. The OPEB asset resulting from contributions in excess of the annual required contribution is not a financial resource and, therefore, is not reported in the funds. 27,854,227 3,113,374 300,606 Net position of governmental activities $ 707,407,895 The accompanying notes are an integral part of the financial statements. 24