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Indian River County, Florida
<br />Statement of Net Position
<br />September 30, 2014
<br />Primary Government
<br />Governmental Business -type
<br />activities activities
<br />Total
<br />ASSETS
<br />Current assets:
<br />Cash and cash equivalents $ 198,790,613 S 52,339,853 S 251,130,466
<br />Investments 881,718 - 881,718
<br />Accounts receivable - net 2,176,099 2,506,038 4,682,137
<br />Internal balances 1,652,820 (1,652,820)
<br />Due from other govemments 9,165,403 10,800 9,176,203
<br />Interest receivable 257,930 537,209 795,139
<br />Inventories 312,690 954,570 1,267,260
<br />Prepaid expenses 1,323,837 162,204 1,486,041
<br />Current restricted assets:
<br />Cash and cash equivalents 5,438,408 46,938,672 52,377,080
<br />Total current assets 219,999,518 101,796,526 321,796,044
<br />Non-current assets:
<br />Net other post employment benefits asset 795,367 - 795,367
<br />Capital assets - non -depreciable 238,147,481 40,309,436 278,456,917
<br />Capital assets - depreciable 592,527,772 445,697,937 1,038,225,709 '
<br />Capital assets - accumulated depreciation (281,571,672) (237,159,092) (518,730,764)
<br />Non-current restricted assets:
<br />Special assessments receivable 236,705 692,133 928,838
<br />Impact fees receivable - 1,098,237 1,098,237
<br />Liens receivable 3,902,046 3,902,046
<br />Total non-current assets 550,135,653 254,540,697 804,676,350
<br />Total assets 770,135,171 356,337,223 1,126,472,394
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred amounts on refundings
<br />Total deferred outflows of resources
<br />2,245,798 2,245,798
<br />2,245,798 2,245,798
<br />LIABILITIES
<br />Current liabilities (payable from current assets):
<br />Accounts payable 7,401,313 2,981,562 10,382,875
<br />Retainage payable - 505,733 505,733
<br />Claims payable 3,181,891 - 3,181,891
<br />Due to other governments 720,428 24,935 745,363
<br />Other deposits held in escrow 69,509 1,000 70,509
<br />Unearned revenues 341,400 32,771 374,171
<br />Accrued compensated absences 5,682,955 586,624 6,269,579
<br />Pollution remediation costs payable 114,480 5,500 119,980
<br />Current liabilities (payable from current restricted assets):
<br />Accounts payable - 23,398 23,398
<br />Retainage payable 1,277,230 31,410 1,303,640
<br />Accrued interest payable 301,178 150.288 451,466
<br />Customer deposits - 2,942,511 2,942,511
<br />Bonds payable 3,860,000 3,485,000 7,345,000
<br />Total current liabilities 22,950,384 10,770,732 33,721,116
<br />Non-current liabilities
<br />Accrued compensated absences 4,945,665 266,933 5,212,598
<br />Pollution remediation costs payable 2,557,320 6,000 2,563,320
<br />Claims payable 5,044,654 - 5,044,654
<br />Due to other governments 316,173 - 316,173
<br />Closure and maintenance costs payable 11,509,736 11,509,736
<br />Bonds payable, net of premium and discount 30,479,265 35,948,889 66,428,154
<br />Total non-current liabilities 43,343,077 47,731,558 91,074,635
<br />Total liabilities 66,293,461 58,502,290 124.795,751
<br />NET POSITION
<br />Net investment in capital assets
<br />Restricted for-
<br />Transportation/road projects
<br />Public safety
<br />Court related costs
<br />Housing assistance
<br />Capital projects
<br />Beach renourishment
<br />Culture/recreation
<br />Debt service
<br />Environmental conservation/preservation
<br />Special assessment projects
<br />Unrestricted
<br />Total net position
<br />514 764,316
<br />23,710,353
<br />15,903,712
<br />3,119,193
<br />1,055,724
<br />54,795,400
<br />6.313,199
<br />7,038,407
<br />2,255,094
<br />160,855
<br />1,851,890
<br />72.873,567
<br />211,660,190 726,424,506
<br />88,420,541
<br />23 710,353
<br />15,903,712
<br />3,119,193
<br />1,055,724
<br />54,795,400
<br />6,313,199
<br />7,038,407
<br />2,255 094
<br />160,855
<br />1,851,890
<br />161,294,108
<br />703,841,710 S 300,080,731 S 1.003,922,441
<br />The accompanying notes are an integral part of the financial statements.
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