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Indian River County,Florida
<br /> Statement of Net Position
<br /> September 30,2012
<br /> Primary Government
<br /> Governmental Business-type
<br /> Activities Activities Total
<br /> j ASSETS
<br /> (I Current assets:
<br /> Cash and cash equivalents $ 200,153,652 $ 57,642,357 $ 257,796,009
<br /> Investments 691,980 - 691,980
<br /> Accounts receivable-net 2,243,219 2,977,799 5,221,018
<br /> Internal balances 399,255 (399,255)
<br /> Due from other governments 16,950,318 15,431 16,965,749
<br /> Interest receivable 233,730 538,139 771,869
<br /> Inventories 266,242 950,479 1,216,721
<br /> Other assets held for resale 658,000 - 658,000
<br /> Prepaid expenses 1,554,345 211,858 1,766,203
<br /> Current restricted assets:
<br /> Cash and cash equivalents 4,940,591 42,192,730 47,133,321
<br /> Total current assets 228,091,332 104,129,538 332,220,870
<br /> Non-current assets:
<br /> Net other postemployment benefits asset 321,681 321,681
<br /> Capital assets-non-depreciable 226,629,449 29,252,222 255,881,671
<br /> Capital assets-depreciable 556,857,658 435,586,230 992,443,888
<br /> Capital assets-accumulated depreciation (230,134,470) (207,517,593) (437,652,063)
<br /> f Non-current restricted assets:
<br /> Special assessments receivable 310,506 1,007,420 1,317,926
<br /> Impact fees receivable - 744,116 744,116
<br /> Liens receivable 2,819,565 2,819,565
<br /> Total non-current assets 553 984 824 261,891,960 815,876,784
<br /> Total assets 782,076,156 366,021,498 1,148,097,654
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred amounts on refundings 2,875,239 2,875,239
<br /> Total deferred outflows of resources - 2,875,239 2,875,239
<br /> j+ LIABILITIES
<br /> Current liabilities(payable from current assets):
<br /> Accounts payable 6,435,150 2,793,188 9,228,338
<br /> Retainage payable 438 242,016 242,454
<br /> Claims payable 2,197,855 2,197,855
<br /> Due to other governments 578,215 2,856,263 3,434,478
<br /> Other deposits held in escrow 323,847 1,000 324,847
<br /> Unearned revenues 189,294 29,652 218,946
<br /> Accrued compensated absences 6,532,620 644,945 7,177,565
<br /> Pollution remediation costs payable 137,003 2,510 139,513
<br /> Current liabilities(payable from current restricted assets):
<br /> Accounts payable - 59,013 59,013
<br /> Retainage payable 792,526 35,364 827,890
<br /> Accrued interest payable 373,065 180,344 553,409
<br /> Customer deposits 2,895,754 2,895,754
<br /> Bonds payable 3,775,000 3,760,000 7,535,000
<br /> Total current liabilities 21,335,013 13,500,049 34,835,062
<br /> Non-current liabilities:
<br /> Accrued compensated absences 4,466,032 212,192 4,678,224
<br /> Pollution remediation costs payable 2,475,997 6,290 2,482,287
<br /> Claims payable 5,876,145 - 5,876,145
<br /> Due to other governments 632,347 - 632,347
<br /> Closure and maintenance costs payable 10,513,736 10,513,736
<br /> Bonds payable,net of premium and discount 40,500,714 44,804,569 85,305,283
<br /> Total non-current liabilities 53,951,235 55,536,787 109,488,022
<br /> Total liabilities 75,286,248 69,036,836 144,323,084
<br /> NET POSITION
<br /> Net investment in capital assets 509,076,923 211,631,529 720,708,452
<br /> Restricted for:
<br /> Transportation/road projects 27,006,817 - 27,006,817
<br /> Public safety 17,781,161 17,781,161
<br /> fl Court related costs 3,612,381 3,612,381
<br /> Housing assistance 1,737,207 1,737,207
<br /> Capital projects 50,757,842 17,941,773 68,699,615
<br /> Beach renourishment 6,093,395 - 6,093,395
<br /> Culture/recreation 7,946,240 7,946,240
<br /> Debt service 2,387,548 2,387,548
<br /> Environmental conservation/preservation 258,095 258,095
<br /> Special assessment projects 1,738,510 1,738,510
<br /> Other purposes 1,870,032 - 1,870,032
<br /> Unrestricted 76,523,757 70,286,599 146,810,356
<br /> Total net position $ 706,789,908 $ 299,859,901 $ 1,006,649,809
<br /> The accompanying notes are an integral part of the financial statements.
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