|
Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2014
<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 />Sinking funds
<br />Renewal and replacement
<br />Customer deposits
<br />Capital construction
<br />Closure and maintenance costs
<br />Total
<br />Primary Government
<br />$
<br />Solid Waste
<br />Disposal
<br />District
<br />3,152,731
<br />133,626
<br />11,509,736
<br />County
<br />Utilities
<br />$ 6,212,648 $
<br />3,485,928
<br />2,808,885
<br />19,635,118
<br />$ 14,796,093 $ 32,142,579
<br />Total
<br />6,212,648
<br />6,638,659
<br />2,942,511
<br />19,635,118
<br />11,509,736
<br />$ 46,938,672
<br />Cash totaling $5,438,408 is reported as restricted on the Statement of Net Position for governmental
<br />activities. These funds are restricted for current liabilities such as retainage payable, accrued interest
<br />payable, and the current year portion of bonds payable.
<br />NOTE 8 - PAYABLE FROM RESTRICTED ASSETS
<br />Liabilities payable from the County's business -type activities restricted assets are as follows:
<br />Primary Government
<br />Accounts payable
<br />Retainage payable
<br />Accrued interest payable
<br />Customer deposits
<br />Bonds payable
<br />Closure and maintenance
<br />costs payable
<br />Total
<br />$
<br />Solid Waste
<br />Disposal
<br />District
<br />133,626
<br />County
<br />Utilities
<br />$ 23,398
<br />31,410
<br />150,288
<br />2,808,885
<br />3,485,000
<br />Total
<br />$ 23,398
<br />31,410
<br />150,288
<br />2,942,511
<br />3,485,000
<br />11,509,736 11,509,736
<br />$ 11,643,362 $ 6,498,981 $ 18,142,343
<br />73
<br />
|