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Indian River County, Florida
<br /> Notes To Financial Statements
<br /> Year Ended September 30, 2015
<br /> NOTE 12 -LONG-TERM LIABILITIES
<br /> A. Changes in Long-Term Liabilities
<br /> Long-term liability activity for the year ended September 30, 2015,. was as follows:
<br /> Due
<br /> Beginning Ending Within
<br /> Balance Additions Retirements Balance One Year
<br /> Governmental Activities:
<br /> Bonds payable:
<br /> Limited General Obligation Bonds- $ 26,010,000 $ - $ 22,465,000 $ 3,545,000 $ 3,545,000
<br /> Series 2006
<br /> Spring Training Facility Revenue Bonds-
<br /> Series 2001 7,700,000 - 470,000 7,230,000 495,000
<br /> Subtotal 33,710,000 - 22,935,000 10,775,000 4,040,000
<br /> Add:Unamortized bonds premium 629,265 - 629,265 - -
<br /> Total bonds payable 34,339,265 - 23,564,265 10,775,000 4,040,000
<br /> Notes payable:
<br /> Limited General Obligation Refunding - 20,369,000 320,000 20,049,000 343,000
<br /> Other liabilities:
<br /> Pollution remediation 2,671,800 - 120,600 2,551,200 104,453
<br /> Claims payable 8,226,545 17,188,927 17,237,952 8,177,520 3,289,891
<br /> Due to other governments-Medicaid 474,260 - 158,087 316,173 158,087
<br /> Compensated absences 10,628,620 6,575,611 6,103,717 11,100,514 5,823,510
<br /> Total notes payable and other liabilities 22,001,225 44,133,538 23,940,356 42,194,407 9,718,941
<br /> Governmental activities long-term liabilities $ 56,340,490 $ 44,133,538 $ 47,504,621 $ 52,969,407 $ 13,758,941
<br /> Business-type Activities:
<br /> Bonds payable:
<br /> Water&Sewer Refunding Revenue Bonds-
<br /> Series 2005 $ 15,875,000 $ - $ 15,875,000 $ - $ -
<br /> Series 2009 21,340,000 - 1,815,000 19,525,000 1,905,000
<br /> Subtotal 37,215,000 - 17,690,000 19,525,000 1,905,000
<br /> Add:Unamortized bonds premium 2,218,889 - 662,655 1,556,234 -
<br /> Totalbonds payable 39,433,889 - 18,352,655 21,081,234 1,905,000
<br /> Notes payable:
<br /> Water&Sewer Revenue Refunding - 7,171,000 - 7,171,000 973,000
<br /> Other liabilities:
<br /> Landfill closure and maintenance costs 11,509,736 500,000 - 12,009,736 4,630,451
<br /> Pollution remediation 11,500 - 11,500 - -
<br /> Compensated absences 853,557 ---753-
<br /> 53227 715,062 891,722 642,659
<br /> Total notes payable and other liabilities 12,374,793 8,424,227 726,562 20,072,458 6,246,110
<br /> Business-type activities long-term liabilities $ 51,808,682 $ 8,424,227 $ 19,079,217 $ 41,153,692 $ 8,151,110
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