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Indian River County,Florida
<br /> Notes To Financial Statements
<br /> Year Ended September 30, 2012
<br /> NOTE 11—DUE FROM OTHER GOVERNMENTS
<br /> Governmental Funds
<br /> On November 18, 2008, the Board entered into a locally funded agreement with the Florida Department f
<br /> of Transportation (FDOT) to advance the six-laning of State Road 60 from 82nd Avenue to I-95
<br /> (Segment Two). The agreement obligated the Board to pay $14,429,754 to the FDOT. Payment was
<br /> made in November 2008 to the FDOT. Funding was from the Optional Sales Tax Fund.
<br /> Reimbursement by the FDOT for Segment Two will be in ten quarterly installments over a three-year
<br /> period which began in July 2011. Repayments to the Board will include principal and any accumulated
<br /> interest earnings that have not been used for supplemental costs of the project.
<br /> Optional Sales l
<br /> Tax Fund
<br /> Segment Two Amount Advance Funded $ 14,429,754
<br /> Less: Reimbursements received as of 9/30/2012 (3,000,000)
<br /> Balance Due from FDOT SR60 Agreement 11,429,754
<br /> Additional Funds Due from other governments 1,226,405
<br /> Total Due from other governments $ 12,656,159
<br /> NOTE 12—ACCOUNTS PAYABLE
<br /> Payables
<br /> Payables at September 30,2012,were as follows: f
<br /> Salaries and Total
<br /> Governmental Activities: Vendors Benefits Payables
<br /> General $ 1,518,079 $ 1,202,042 $ 2,720,121
<br /> Impact Fees 1,569,237 280 1,569,517
<br /> Secondary Roads Construction 408,482 807 409,289
<br /> Transportation 204,782 21,904 226,686
<br /> Emergency Services 109,067 62,760 171,827
<br /> Optional Sales Tax 614,954 - 614,954
<br /> Other governmental 708,587 14,169 722,756
<br /> Total Governmental Activities 5.133.188 1—i.301.962 6.435.150
<br /> Business-Type Activities:
<br /> Payable from current assets:
<br /> Solid Waste $ 1,971,588 $ 1,688 $ 1,973,276
<br /> Golf Course 137,825 1,503 139,328
<br /> Utilities 637,379 23,242 660,621
<br /> Building 16,588 3,375 19,963
<br /> Payable from restricted assets:
<br /> Utilities 59,013 - 59,013
<br /> Total Business-Type Activities 2.822.393 $ 29.808 2.852.201
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