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Indian River County, Florida
<br />Board of County Commissioners
<br />Statement of Fund Net Position
<br />Proprietary Funds
<br />September 30, 2014
<br />Enterprise Funds
<br />Solid Waste
<br />Disposal Golf County County
<br />District Course Utilities Building
<br />Total
<br />Internal
<br />Service Funds
<br />ASSETS
<br />Current assets:
<br />Cash and cash equivalents $ 10,469,912 $ 8,528 $ 36,525,585 $ 5,335,093 $ 52,339,118 $ 32,479,856
<br />Accounts receivable - net 122,963 - 2,383,075 2,506,038 324,454
<br />Due from other governments 90,203 10,800 - 101,003 69,873
<br />Interest receivable 7,927 192 526,182 2,908 537,209 16,711
<br />Inventories - 57,791 896,779 - 954,570 189,768
<br />Prepaid items 395 160,838 971 162,204 1,149,813
<br />Current restricted assets:
<br />Cash and cash equivalents 14,796,093 32,142,579 46,938,672
<br />Total current assets 25,487,098 77,706 72,635,038 5,338,972 103,538,814 34,230,475
<br />Non-current assets:
<br />Capital assets - non -depreciable 13,359,177 7,774,283 19,175,976 - 40,309,436
<br />Capital assets - depreciable 31,304,613 2,346,803 411,680,098 366,423 445,697,937 2,393,687
<br />Capital assets - accumulated depreciation (10,458,217) (1,965,309) (224,405,359) (330,207) (237,159,092) (2,009,148)
<br />Non-current restricted assets:
<br />Special assessments receivable 692,133 692,133
<br />Impact fees receivable 1.098,237 1,098,237
<br />Liens receivable 3,902,046 3,902,046
<br />Total non-current assets 34,205,573 8,155,777 212,143,131 36,216 254,540,697 384,539
<br />Total assets 59,692,671 8,233,483 284,778,169 5,375,188 358,079,511 34,615,014
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred amounts on refundings - 2,245,798 2,245,798 -
<br />Total deferred outflows of resources 2,245,798 2,245,798
<br />LIABILITIES
<br />Current liabilities (payable from current assets):
<br />Accounts payable 893,214 13,385 2,010,722 64,241 2,981,562 228,089
<br />Retainage payable - 58,400 447,333 - 505,733 -
<br />Due to other funds 865,051 - 865,051 7 000
<br />Claims payable - - - 3 181.891
<br />Due to other govemments 6,145 18,790 24,935
<br />Other deposits 1,000 - 1,000
<br />Unearned revenues 32,771 - 32.771 -
<br />Pollution remediation costs payable - - 5,500 - 5,500
<br />Accrued compensated absences 40,365 20,536 467,967 57,756 586,624 54,327
<br />Total current liabilities (payable from current assets) 933,579 997,288 2,931,522 140,787 5,003.176 3,471,307
<br />Current liabilities (payable from restricted assets):
<br />Accounts payable 23,398 23,398
<br />Retainage payable - 31,410 31,410
<br />Accrued interest payable 150,288 150,288
<br />Bonds payable - 3,485,000 3,485,000
<br />Customer deposits 133,626 2,808,885 2,942,511
<br />Total current liabilities (payable from restricted
<br />assets) 133,626 6,498,981 6,632,607
<br />Total current liabilities 1,067,205 997,288 9,430,503 140,787 11,635,783 3,471,307
<br />Non-current liabilities:
<br />Accrued compensated absences 8,454 39,394 199,057 20,028 266,933 50,926
<br />Advance from other funds - 877,237 - - 877,237
<br />Claims payable - - 5,044.654
<br />Pollution remediation costs payable - 6,000 - 6,000
<br />Closure and maintenance costs payable 11,509 736 - 11,509,736
<br />Bonds payable - net of unamortized discount/premium - 35,948,889 35,948,889
<br />Total non-current liabilities 11,518,190 916,631 36,153,946 20028 48,608,795 5,095.580
<br />Total liabilities 12,585,395 1,913,919 45,584.449 160.815 60.244,578 8,566,887
<br />NET POSITION
<br />Net investment in capital assets 34,205,573 8,155,777 169,262.624 36,216 211 660,190 384,539
<br />Unrestricted 12,901,703 (1,836,213) 72,176,894 5178,157 88,420,541 25,663,588
<br />Total net position $ 47,107,276 $ 6,319,564 $ 241,439.518 $ 5,214,373 $ 300,080,731 $ 26,048,127
<br />The accompanyine notes are an integral part of the financial statements.
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