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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2014 <br />NOTE 20 - FUND BALANCE DEFICIT <br />The following funds had a deficit in fund balance at September 30, 2014: <br />Fund Deficit <br />Nonmajor Governmental Funds: <br />Metropolitan Planning Organization Fund $ 155,018 <br />CDBG NSP3 Grant Fund 39,369 <br />Total Deficit $ 194,387 <br />The deficits for these two funds will be eliminated by grant proceeds in fiscal year 2015. <br />NOTE 21 — NET POSITION <br />A. 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 $85,130,111 is restricted by enabling legislation. <br />B. Restatement of Beginning Net Position <br />Beginning net position for the governmental activities was restated due to the recording of accumulated <br />depreciation not previously reported on capital assets. At October 1, 2013, this results in a decrease to <br />beginning net position of $15,488,462. <br />97 <br />