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Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2016 <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 />107-109 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 $978.2 million at the close of the fiscal year. <br />Indian River County Net Position (In Millions) <br />Current and other assets <br />Capital assets <br />Total assets <br />Deferred outflows of resources <br />Other liabilities <br />Long-term liabilities <br />Total liabilities <br />Deferred inflows of resources <br />Governmental Business -type <br />Activities Activities <br />Total <br />2016 2015 2016 2015 2016 2015 <br />236.2 $ 228.4 $ 125.6 $ 113.9 $ 361.8 $ 342.3 <br />559.3 550.4 230.5 240.0 789.8 790.4 <br />795.5 778.8 356.1 353.9 1,151.6 1,132.7 <br />43.9 12.7 3.9 2.1 47.8 14.8 <br />114.7 <br />48.5 <br />163.2 <br />67.9 <br />53.0 <br />120.9 <br />4.8 14.7 <br />13.8 <br />39.1 <br />52.9 <br />9.7 128.5 77.6 <br />41.2 87.6 94.2 <br />50.9 216.1 171.8 <br />0.3 0.9 5.1 15.6 <br />Net position: <br />Net investment in capital assets 533.3 520.2 206.5 213.1 739.8 733.3 <br />Restricted 132.1 128.6 - 132.1 128.6 <br />Unrestricted 6.0 7.1 100.3 91.1 106.3 98.2 <br />Total net position $ 671.4 $ 655.9 $ 306.8 $ 304.2 $ 978.2 $ 960.1 <br />Governmental Activities <br />In governmental activities, the increase in restricted net position was mainly due to reduced expenses <br />from the one cent sales proceeds for capital projects budgeted in future fiscal years. The increase in net <br />investment in capital assets was a result of completed construction projects and decreased outstanding <br />debt. <br />8 <br />