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Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2013
<br />NOTE 7 - RESTRICTED CASH AND CASH EQUIVALENTS AND INVESTMENTS
<br />Various bond covenants, resolutions, and state regulations require that the County restrict cash and cash
<br />equivalents and investments within the business -type activities. Restricted cash and cash equivalents
<br />and investments are as follows:
<br />Primary Government
<br />Sinking funds
<br />Renewal and replacement
<br />Customer deposits
<br />Capital construction
<br />Closure and maintenance costs
<br />Solid Waste
<br />Disposal
<br />District
<br />3,152,731
<br />131,126
<br />11,011,736
<br />County
<br />Utilities
<br />$ 6,195,428
<br />3,485,928
<br />2,852,268
<br />16,853,631
<br />Total
<br />$ 6,195,428
<br />6,638,659
<br />2,983,394
<br />16,853,631
<br />11,011,736
<br />Total $ 14,295,593 $ 29,387,255 $ 43,682,848
<br />Cash totaling $5,432,485 is reported as restricted on the Statement of Net Position for governmental
<br />activities. These funds are restricted for current liabilities such as retainage payable, accrued interest
<br />payable, and the current year portion of bonds payable.
<br />NOTE 8 - PAYABLE FROM RESTRICTED ASSETS
<br />Liabilities payable from the County's business -type activities restricted assets are as follows:
<br />Accounts payable
<br />Retainage payable
<br />Accrued interest payable
<br />Customer deposits
<br />Bonds payable (current)
<br />Closure and maintenance
<br />costs payable
<br />Total
<br />Primary Government
<br />Solid Waste
<br />Disposal
<br />District
<br />County
<br />Utilities
<br />$ - $ 106,708
<br />26,557
<br />- 161,454
<br />131,126 2,852,268
<br />- 3,350,000
<br />Total
<br />$ 106,708
<br />26,557
<br />161,454
<br />2,983,394
<br />3,350,000
<br />11,011,736 11,011,736
<br />$ 11,142,862 $ 6,496,987 $ 17,639,849
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