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Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2016
<br />NOTE 9 - ACCOUNTS PAYABLE - Continued
<br />Due To Other Governments — Governmental Activities
<br />On August 21, 2012, the County approved a 5 -year payment plan agreement with the State of Florida to
<br />pay back $790,434 in disputed Medicaid billings. Monthly payments began on October 5, 2012. The
<br />County recorded the repayment agreement as a liability, Due to Other Governments, in the government -
<br />wide Statement of Net Position; and at September 30, 2016, the amount due to the State of Florida is
<br />$1.58,087.
<br />NOTE 10 - LONG-TERM LIABILITIES
<br />A. Changes in Long -Term Liabilities
<br />Long-term liability activity for the year ended September 30, 2016,.was as follows:
<br />Due
<br />Beginning Ending Within
<br />Balance Additions Retirements Balance One Year
<br />Governmental Activities:
<br />Bonds payable:
<br />Limited General Obligation Bonds - $ 3,545,000 $ - $ 3,545,000 $ - $ -
<br />Series 2006
<br />Spring Training Facility Revenue Bonds -
<br />Series 2001 7,230,000 - 495,000 6,735,000 520,000
<br />Total bonds payable 10,775,000 - 4,040,000 6,735,000 520,000
<br />Notes payable:
<br />Limited General Obligation Refunding 20,049,000 - 343,000 19,706,000 4,053,000
<br />Other liabilities:
<br />Pollution remediation 2,551,200 - 106,100 2,445,100 99,233
<br />Claims payable 8,177,520 17,953,550 17,618,550 8,512,520 3,624,891
<br />Due to other governments -Medicaid 316,173 - 158,086 158,087 158,087
<br />Compensated absences 11,100,514 7,366,192 7,475,724 10,990,982 6,321,654
<br />Total notes payable and other liabilities 42,194,407 25,319,742 25,701,460 41,812,689 14,256,865
<br />Governmental activities long-term liabilities $ 52,969,407 $ 25,319,742 $ 29,741,460 $ 48,547,689 $ 14,776,865
<br />Business -type Activities:
<br />Bonds payable:
<br />Water & Sewer Refunding Revenue Bonds - $ 19,525,000 $ $ 1,905,000 $ 17,620,000 $ 2,000,000
<br />Series 2009
<br />Add: Unamortized bonds premium 1,556,234 - 175,350 1,380,884
<br />Total bonds payable 21,081,234 - 2,080,350 19,000,884 2,000,000
<br />Notes payable:
<br />Water & Sewer Revenue Refunding 7,171,000 - 973,000 6,198,000 992,000
<br />Other liabilities:
<br />Landfill closure and maintenance costs 12,009,736 1,000,000 13,009,736
<br />Compensated absences 891,722 807,663 787,692 911,693 718,153
<br />Total notes payable and other liabilities 20,072,458 1,807,663 1,760,692 20,119,429 1,710,153
<br />Business -type activities long-term liabilities $ 41,153,692 $ 1,807,663 $ 3,841,042 $ 39,120,313 $ 3,710,153
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