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Indian River County, Florida
<br />Statement of Net Position
<br />September 30, 2016
<br />Governmental Business -type
<br />Activities Activities
<br />Total
<br />ASSETS
<br />Current assets:
<br />Cash and investments $ 208,115,221 8 63,387,053 $ 271,502,274
<br />Accounts receivable - net 2,436,706 2,550,969 4,987,675
<br />Brternal balances 377,690 (377,690)
<br />Due from other governments 7,860,770 11,400 7,872,170
<br />Interest receivable 393,975 583,070 977,045
<br />Inventories 280,465 1,267,072 1,547,537
<br />Prepaid expenses 1,176,162 19,840 1,196,002
<br />Current restricted assets:
<br />Cash and investments 5,687,973 52,024,952 57,712,925
<br />Total current assets 226,328,962 119,466,666 345,795,628
<br />Non-current assets:
<br />Net other postemployment benefits asset 9,734,999 - 9,734,999
<br />Capital assets - non -depreciable 219,787,285 31,548,719 251,336,004
<br />Capital assets - depreciable 655,445,538 465,864,228 1,121,309,766
<br />Capital assets - accumulated depreciation (315,968,824) (266,928,523) (582,897,347)
<br />Non-current restricted assets:
<br />Special assessments receivable 191,624 463,810 655,434
<br />Impact fees receivable - 629,901 629,901
<br />Liens receivable - 5,072,949 5,072,949
<br />Total non-current assets 569,190,622 236,651,084 805,841,706
<br />Total assets 795,519,584 356,117,750 1,151,637,334
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred outflows related to pensions 43,443,506 2,730,506 46,174,012
<br />Deferred amounts on refunding 481,942 1,212,035 1,693,977
<br />Total deferred outflows of resources 43,925,448 3,942,541 47,867,989
<br />LIABILITIES
<br />Current liabilities (payable from current assets):
<br />Accounts payable 7,982,486 3,392,681 11,375,167
<br />Retainage payable 84,401 84,401
<br />Claims payable 3,624,891 - 3,624,891
<br />Due to other governments 626,097 55,915 682,012
<br />Other deposits held in escrow 131,098 1,000 132,098
<br />Unearned revenues 618,578 38,309 656,887
<br />Accrued compensated absences 6,321,654 718,153 7,039,807
<br />Pollution remediation costs payable 99,233 - 99,233
<br />Current liabilities (payable from current restricted assets):
<br />Accounts payable - 25,706 25,706
<br />Retainage payable 1,114,973 1,114,973
<br />Accrued interest payable - 81,939 81,939
<br />Customer deposits - 3,182,248 3,182,248
<br />Notes payable 4,053,000 992,000 5,045,000
<br />Bonds payable 520,000 2,000,000 2,520,000
<br />Total current liabilities 25,092,010 10,572,352 35,664,362
<br />Non-current liabilities:
<br />Accrued compensated absences 4,669,328 193,540 4,862,868
<br />Pollution remediation costs payable 2,345,867 2,345,867
<br />Claims payable 4,887,629 - 4,887,629
<br />Net pension liability 104,358,672 6,956,899 111,315,571
<br />Notes payable 15,653,000 5,206,000 20,859,000
<br />Closure and maintenance costs payable 13,009,736 13,009,736
<br />Bonds payable, net of premium and discount 6,215,000 17,000,884 23,215,884
<br />Total non-current liabilities 138,129,496 42,367,059 180,496,555
<br />Total liabilities 163,221,506 52,939,411 216,160,917
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred inflows related to pensions 4,864,227 286,613 5,150,840
<br />NET POSITION
<br />Net investment in capital assets 533,304,941 206,497,575 739,802,516
<br />Restricted for:
<br />Transportation/road projects 22,570,838 - 22,570,838
<br />Public safety 13,284,027 - 13,284,027
<br />Court related costs 2,779,489 - 2,779,489
<br />Housing assistance 834,801 - 834,801
<br />Capital projects 72,625,156 - 72,625,156
<br />Beach renourishment 10,469,411 10,469,411
<br />Culture/recreation 4,810,089 - 4,810,089
<br />Debt service 3,329,188 3,329,188
<br />Environmental conservation/preservation 116,361 - 116,361
<br />Special assessment projects 1,249,818 1,249,818
<br />Unrestricted 5,985,180 100,336,692 106,321,872
<br />Total net position $ 671,359,299 $ 306,834,267 $ 978,193,566
<br />The accompanying notes are an integral part of the financial statements.
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