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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2016 <br />NOTE 19 - COMMITMENTS AND CONTINGENCIES - Continued <br />B. Contracts and Other Commitments - Continued <br />In the Capital Projects Fund, contracts are for the South County Regional. Park Intergenerational <br />Recreation Facility, Vero Lake Estates sidewalks, P25 radio system migration project, intersection <br />improvements at 1st Street SW and 43rd Ave., and several sidewalk and road improvement projects <br />throughout the County. In the Enterprise Funds, contracts are for the golf course maintenance, North <br />RIO membrane replacement, aquifer wells rehabilitation project, and various other water and sewer <br />projects. <br />A summary of these projects at September 30, 2016, is as follows: <br />General <br />Special Revenue <br />Capital Projects <br />Enterprise <br />Total <br />C. Grants <br />Total <br />Contract Price <br />$ 857,767 <br />16,469,534 <br />19,235,296 <br />6,654,687 <br />Total Paid as of <br />September 30, 2016 <br />(488,074) $ <br />(11,225,151) <br />(14,360,036) <br />(2,054,855) <br />Remaining <br />Balance at <br />September 30, 2016 <br />369,693 <br />5,244,383 <br />4,875,260 <br />4,599,832 <br />43,217,284 <br />$ (28,128,116) $ <br />15,089,168 <br />Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantor <br />agencies. If any expenditures are disallowed as a result of these audits, the claims for reimbursement to <br />the grantor agency would become a liability of the County. In the opinion of management, any such. <br />adjustments would not be significant. <br />NOTE 20 - SUBSEQUENT EVENTS <br />The County was impacted by Hurricane Matthew in October 2016. The County has estimated $15 <br />million in expenses related to the hurricane and has applied for reimbursement from FEMA for these <br />costs. The majority of the costs ($13 million) are related to beach renourishment. <br />106 <br />