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Indian River County, Florida
<br />Statement of Fund Net Position
<br />Proprietary Funds
<br />September 30, 2016
<br />Business -type Activities - Enterprise funds Governmental
<br />Solid Waste Activities
<br />Disposal Golf County County Internal
<br />District Course Utilities Building Total Service Funds
<br />ASSETS
<br />Current assets:
<br />Cash and investments $ 13,326,940 $ 10,275 $ 43,400,684 $ 6,649,154 $ 63,387,053 $ 26,694,578
<br />Accounts receivable - net 99,011 2,451,958 2,550,969 169,277
<br />Due from other funds 138,649 - - 138,649 349,437
<br />Due from other governments - 11,400 - 11,400 39,649
<br />Interest receivable 20,435 341 554,532 7,762 583,070 28,958
<br />Inventories 127,571 1,139,501 - 1,267,072 162,059
<br />Prepaid items 19,805 35 19,840 9,952,466
<br />Current restricted assets:
<br />Cash and investments 16,296,093 - 35,728,859 52,024,952 -
<br />Total current assets 29,881,128 149,587 83,295,339 6,656,951 119,983,005 37,396,424
<br />Non-current assets:
<br />Capital assets - non -depreciable 13,293,870 6,681,423 11,573,426 31,548,719 -
<br />Capital assets - depreciable 31,794,449 3,420,390 429,969,106 680,283 465,864,228 2,678,726
<br />Capital assets - accumulated depreciation (12,640,764) (1,830,481) (252,114,279) (342,999) (266,928,523) (2,179,963)
<br />Non-current restricted assets:
<br />Special assessments receivable - - 463,810 - 463,810 -
<br />Impact fees receivable - 629,901 - 629,901 -
<br />Liens receivable - - 5,072,949 - 5,072,949 -
<br />Total non-current assets 32,447,555 8,271,332 195,594,913 337,284 236,651,084 498,763
<br />Total assets 62,328,683 8,420,919 278,890,252 6,994,235 356,634,089 37,895,187
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred outflows related to pensions 166,720 134,913 2,003,184 425,689 2,730,506 369,252
<br />Deferred amounts on refundings - - 1,212,035 1,212,035 -
<br />Total deferred outflows of resources 166,720 134,913 3,215,219 425,689 3,942,541 369,252
<br />LIABILITIES
<br />Current liabilities (payable from current assets):
<br />Accounts payable 1,270,367 111,995 1,846,537 163,782 3,392,681 273,824
<br />Retainage payable - 84,401 84,401 -
<br />Due to other funds 365,414 - 365,414 -
<br />Claims payable - - - 3,624,891
<br />Due to other governments - 8,357 24,036 23,522 55,915 -
<br />Other deposits - 1,000 - 1,000
<br />Unearned revenues - 38,309 - - 38,309 -
<br />Accrued compensated absences 51,992 24,070 547,641 94,450 718,153 80,736
<br />Total current liabilities (payable from current assets) 1,322,359 549,145 2,502,615 281,754 4,655,873 3,979,451
<br />Current liabilities (payable from restricted assets):
<br />Accounts payable - - 25,706 - 25,706 -
<br />Accrued interest payable - - 81,939 81,939 -
<br />Notes payable - - 992,000 - 992,000 -
<br />Bonds payable - 2,000,000 2,000,000
<br />Customer deposits 133,626 - 3,048,622 - 3,182,248 -
<br />Total current liabilities (payable from restricted assets) 133,626 - 6,148,267 - 6,281,893 -
<br />Total current liabilities 1,455,985 549,145 8,650,882 281,754 10,937,766 3,979,451
<br />Non-current liabilities:
<br />Accrued compensated absences - 47,039 143,256 3,245 193,540 64,921
<br />Advance from other funds - 150,925 150,925
<br />Claims payable - - - 4,887,629
<br />Closure and maintenance costs payable 13,009,736 - - - 13,009,736
<br />Net pension liability 410,143 351,077 5,180,743 1,014,936 6,956,899 934,378
<br />Notes payable 5,206,000 5,206,000
<br />Bonds payable - net of unamortized discount/premium 17,000,884 17,000,884 -
<br />Totalnon-currentliabilities 13,419,879 549,041 27,530,883 1,018,181 42,517,984 5,886,928
<br />Total liabilities 14,875,864 1,098,186 36,181,765 1,299,935 53,455,750 9,866,379
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred inflows related to pensions 12,149 16,846 238,410 19,208 286,613 36,413
<br />NET POSITION
<br />Net investment in capital assets 32,447,555 8,271,332 165,441,404 337,284 206,497,575 498,763
<br />Unrestricted (deficit) 15,159,835 (830,532) 80,243,892 5,763,497 100,336,692 27,862,884
<br />Total net position $ 47,607,390 $ 7,440,800 $ 245,685,296 $ 6,100,781 $ 306,834,267 $ 28,361,647
<br />The accompanying notes are an integral part of the financial statements.
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