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Indian River County, Florida <br /> Notes To Financial Statements <br /> Year Ended September 30, 2015 <br /> NOTE 2 -RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL <br /> STATEMENTS - Continued <br /> A. Explanation of Differences Between the Governmental Fund Balance Sheet and the <br /> Government-wide Statement of Net Position- Continued <br /> Deferred Inflow of Resources—Unavailable Revenue <br /> Deferred inflows of resources reported on the statement of net position differ from the amount reported <br /> in governmental funds due to special assessments. Governmental fund financial statements report <br /> revenues, which are measurable but not available as unavailable revenue, a deferred inflow of <br /> resources. However, unavailable revenues in governmental funds are susceptible to full accrual on <br /> government-wide financial statements. <br /> Unavailable revenues $ 6,896,862 <br /> Internal service funds <br /> Internal service funds are used by management to charge the costs of fleet management, insurance <br /> activities, and information technology services to individual funds. The assets and liabilities of the <br /> internal service funds are included in governmental activities in the statement of net position because <br /> they primarily serve governmental activities of the County. <br /> Internal service funds S 23,390,907 <br /> Accrued interest revenues <br /> Some interest revenues are not recognized in the current period because the resources are not available; <br /> therefore, these revenues are not reported in the fund. <br /> Accrued interest revenues 70 531 <br /> Net OPEB Obli ag tion <br /> The net OPEB obligation asset resulting from contributions in excess of the annual required <br /> contribution is not a financial resource; therefore, it is not reported in the fund. <br /> OPEB asset 914 909 <br /> Net Pension Liability <br /> The net pension liability is not reported at the governmental fund level; however, the County's <br /> proportionate share of the net pension liability, and related deferred inflows and outflows of resources, <br /> of the cost-sharing defined benefit pension plan is reported on the Statement of Net Position <br /> S (60.350.967) <br /> Elimination of interfund receivables/payables <br /> Interfund receivables and payables in the amount of $952,115 between governmental funds must be <br /> eliminated for the statement of net position. <br /> 63 <br />