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