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Liabilities <br /> Debts and obligations of the County. <br /> ?: V�. �I�� t f 1 st,r t 1.a <br /> Long-term Liabilities <br /> Includes such items as bonds, notes, compensated <br /> absences, and other County obligations. <br /> Net Investment in Capital Assets <br /> Represents amounts invested in capital assets less <br /> accumulated depreciation and any outstanding debt <br /> used to acquire these assets. <br /> Net Position <br /> Net worth of the County calculated as the difference <br /> between total assetsplus deferred outflows of <br /> Assets resources, less liabilities and deferred inflows of <br /> What is owned by the County. Includes such items as resources. <br /> pooled cash and investments, receivables, inventories, <br /> deposits with others, and prepaid items. Operating Grants/Contributions <br /> State, federal, other government and private <br /> Capital Assets contributions to fund specific programs. <br /> Includes such items as County land, construction in <br /> progress, equipment, infrastructure and buildings, and Per Capita <br /> improvements net of depreciation. Amount per County resident. <br /> Capital Grants/Contributions Program Revenues <br /> State, federal, other government and private Term used in the statement of activities, which includes <br /> contributions to fund capital projects. charges for services, operating grants, and capital <br /> grants. <br /> Fund Balance <br /> The difference between assets plus deferred outflows of Refunding <br /> resources, less liabilities and deferred inflows of New bonds or notes issued to retire previously issued <br /> resources reported in the balance sheet of a bonds on their maturity or callable date. <br /> governmental fund. <br /> Restricted <br /> General Revenues Funds set aside for a specific purpose due to legal or <br /> All of the revenues that are not required to be reported external requirements. <br /> as program revenues in the government-wide statement <br /> of activities. General revenues include property taxes, Unrestricted <br /> sales and use taxes, state-shared revenues, as well as Funds available for the County to use for operations. <br /> other County—levied taxes, investment income, rents, <br /> and the sale of surplus property. <br /> Skydiver over Indian River County. <br /> Photo courtesy of IndianRiverByA ir.com <br /> 20 <br />