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Indian River County,Florida
<br /> Notes To Financial Statements
<br /> Year Ended September 30, 2012
<br /> NOTE 13 -LONG-TERM LIABILITIES
<br /> A. Changes in Long-Term Liabilities
<br /> Long-term liability activity for the year ended September 30,2012,was as follows:
<br /> Due
<br /> Beginning Ending Within
<br /> Balance Additions Retirements Balance One Year fI
<br /> Governmental Activities:
<br /> Bonds payable:
<br /> Limited General ObligationBonds- $ 35,385,000 $ $ 3,000,000 $ 32,385,000 $ 3,120,000
<br /> Series 2006
<br /> General Obligation Bonds—Series 2001 4,430,000 4,430,000 - -
<br /> Spring Training Facility Revenue Bonds- (I
<br /> Series 2001 11,705,000 630,000 11,075,000 655,000
<br /> Subtotal 51,520,000 8,060,000 43,460,000 3,775,000
<br /> Add:Unamortized bonds premium 908,939 - 93,225 815,714 -
<br /> Total bonds payable 52,428,939 8,153,225 44,275,714 3,775,000
<br /> Other liabilities:
<br /> Pollution remediation 2,569,200 43,800 - 2,613,000 137,003
<br /> Claims payable 7,877,000 13,967,831 13,770,831 8,074,000 2,197,855
<br /> Compensated absences 10,768,485 7,170,075 6,939,908 10,998,652 6,532,620
<br /> Total other liabilities 21,214,685 21,181,706 20,710,739 21,685,652 8,867,478
<br /> Governmental activities long-term liabilities $ 73,643,624 $ 21,181,706 $ 28,863,964 $ 65,961,366 $ 12,642,478
<br /> Business-type Activities:
<br /> Bonds payable:
<br /> Recreational Refunding Revenue Bonds-
<br /> Series 2003 $ 2,655,000 $ - $ 535,000 $ 2,120,000 $ 555,000
<br /> Water&Sewer Refunding Revenue Bonds-
<br /> Series 2005 20,490,000 - 1,480,000 19,010,000 1,530,000
<br /> Series 2009 26,370,000 - 1,610,000 24,760,000 1,675,000
<br /> Subtotal 49,515,000 - 3,625,000 45,890,000 3,760,000
<br /> Add:Unamortized bonds premium 2,929,603 - 236,905 2,692,698 -
<br /> Less:Unamortized bonds discount22,757
<br /> ( ) (4,628) (18,129) -
<br /> Total bonds payable 52,421,846 - 3,857,277 48,564,569 3,760,000
<br /> Other liabilities:
<br /> Landfill closure and maintenance costs 10,016,236 497,500 - 10,513,736 -
<br /> Pollution remediation 65,000 - 56,200 8,800 2,510
<br /> Compensated absences 821,078 712,995 676,936 857,137 644,945
<br /> Total other liabilities 10,902,314 1,210,495 733,136 11,379,673 647,455
<br /> Business-type activities long-term liabilities $ 63,324,160 $ 1,210,495 $ 4,590,413 $ 59,944,242 $ 4,407,455
<br /> 74
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