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Indian River County,Florida
<br /> Notes To Financial Statements
<br /> Year Ended September 30, 2012
<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 /> Primary Government
<br /> Solid Waste
<br /> Disposal Golf County
<br /> District Course Utilities Total
<br /> Sinking funds $ - $ 470,681 $ 6,176,994 $ 6,647,675
<br /> Renewal and replacement 3,229,445 - 3,485,928 6,715,373
<br /> Customer deposits 126,626 2,769,128 2,895,754
<br /> Capital construction - - 15,420,192 15,420,192
<br /> Closure and maintenance costs 10,513,736 - - 10,513,736
<br /> Total $ 13,869,807 $ 470,681 $ 27,852,242 $ 42,192,730
<br /> Cash totaling $4,940,591 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 /> Solid Waste
<br /> Disposal Golf County
<br /> District Course Utilities Total
<br /> Accounts payable $ - $ - $ 59,013 $ 59,013
<br /> Retainage payable = - 35,364 35,364
<br /> Accrued interest payable 6,931 173,413 180,344
<br /> Customer deposits 126,626 - 2,769,128 2,895,754
<br /> f Bonds payable (current) - 555,000 3,205,000 3,760,000
<br /> Closure and maintenance
<br /> costs payable 10,513,736 - - 10,513,736
<br /> Total $ 10,640,362 $ 561,931 $ 6,241,918 $ 17,444,211
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