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Indian River County, Florida <br /> Management's Discussion and Analysis <br /> For the Year Ended September 30, 2015 <br /> Other information <br /> In addition to the basic financial statements and accompanying notes, this report also contains required <br /> supplementary information concerning Indian River County's progress in funding its obligations to <br /> provide other postemployment benefits to its employees, as well as information regarding the County's <br /> proportionate share of its pension liability. Required supplementary information can be found on pages <br /> 114-116 of this report. <br /> Government-wide financial analysis <br /> As noted earlier, net position may serve over time as a useful indicator of a government's financial <br /> position. In the case of the County, assets and deferred outflows of resources exceeded liabilities and <br /> deferred inflows by $960.1 million at the close of the fiscal year. <br /> Indian River County Net Position (In Millions) <br /> Governmental Business-type <br /> Activities Activities Total <br /> _2015 2014 2015. 2014 2015 2014. <br /> Current and other assets $ 228.4 $ 221.0 $ 113.9 $ 107.5 $ 342.3 $ 328.5 <br /> Capital assets 550.4 549.1 240.0 248.9 790.4 798.0 <br /> Total assets 778.8 770.1 353.9 356.4 1,132.7 1,126.5 <br /> Deferred outflows of resources 12.7 - 2.1 2.2 14.8 2.2 <br /> Other liabilities 9.7 10.0 5.8 6.7 15.5 16.7 <br /> Long-term liabilities 111.2 56.3 45.1 51.8 156.3 108.1 <br /> Total liabilities 1209 66.3 50.9 58.5 171.8 124.8 <br /> Deferred inflows of resources 14.7 - 0.9 - 15.6 - <br /> Net position: <br /> Net investment in capital assets 520.2 514.7 213.1 211.7 733.3 726.4 <br /> Restricted 128.6 116.2 - - 128.6 116.2 <br /> Unrestricted 7.1 72.9 91.1 88.4 98.2 161.3 <br /> Total net position $ 655.9 $ 703.8 $ 304.2 $ 300.1 $ 960.1 $ 1,003.9 <br /> The decrease in unrestricted net position and increase in deferred outflows of resources, long-term <br /> liabilities, and deferred inflows of resources was mainly due to the implementation of GASB Statement <br /> No. 68 which required the County to report its proportionate share of the net pension liability. <br /> 8 <br />