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<br /> Indian River County, Florida
<br /> Reconciliation of Total Governmental Fund Balances
<br /> to Net Position of Governmental Activities
<br /> September 30,2012
<br /> Total governmental fund balances: $ 183,843,142
<br /> Amounts reported for governmental activities in the statement of net position are different because:
<br /> Capital assets used in governmental activities are not fmancial resources and,therefore,are not reported 553,000,546
<br /> in the fund.
<br /> Long-term liabilities,including bonds payable($44,275,714),accrued compensated absences($10,953,682), f
<br /> medicaid settlement funds payable($790,434)and pollution remediation costs($2,613,000)
<br /> are not due and payable in the current period and,therefore,are not reported in the fund. (58,632,830)
<br /> Accrued general long-term debt interest expenses are not fmancial uses and,therefore,are not reported in (373,065)
<br /> the fund.
<br /> Special assessment receivables are not available to pay for current period expenditures and,therefore,are
<br /> reported as unavailable revenue in the funds. 310,506
<br /> Accrued interest on special assessments is not recognized in the current period because the resources are
<br /> not available and,therefore,not reported in the fund. 133,794
<br /> Internal service funds are used by management to charge the costs of certain activities,such as insurance,
<br /> fleet,and geographic information system services,to individual funds. The assets and liabilities of the
<br /> internal service funds are included in governmental activities in the statement of net position. 26,879,571
<br /> Grant revenues are not recognized in the current period because the resources are not available and,
<br /> therefore,are not reported in the fund. 1,222 541
<br /> The OPEB asset resulting from contributions in excess of the annual required contribution is not a financial
<br /> resource and,therefore,is not reported in the funds. 321,681
<br /> Interest revenues are not recognized in the current period because the resources are not available and,
<br /> therefore,are not reported in the fund. 84,022
<br /> Net position of governmental activities $ 706,789,908
<br /> The accompanying notes are an integral part of the financial statements.
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