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Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2017 <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 />108-113 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 $1,000.5 million at the close of the fiscal year. <br />Indian River County Net Position (In Millions) <br />Net position: <br />Net investment in capital assets <br />Governmental <br />Business -type <br />206.5 744.7 <br />739.8 <br />Restricted <br />Activities <br />132.1 - <br />Activities <br />Total <br />Unrestricted <br />(1.3) <br />2017 <br />2016 <br />2017 <br />2016 <br />2017 <br />2016 <br />Current and other assets <br />$ 257.7 $ <br />236.2 $ <br />134.9 $ <br />125.6 $ <br />392.6 $ <br />361.8 <br />Capital assets <br />564.4 <br />559.3 <br />222.8 <br />230.5 <br />787.2 <br />789.8 <br />Total assets <br />822.1 <br />795.5 <br />357.7 <br />356.1 <br />1,179.8 <br />1,151.6 <br />Deferred outflows of resources <br />54.4 <br />43.9 <br />4.7 <br />3.9 <br />59.1 <br />47.8 <br />Other liabilities <br />132.9 <br />114.7 <br />16.1 <br />13.8 <br />149.0 <br />128.5 <br />Long-term liabilities <br />43.7 <br />48.5 <br />37.0 <br />39.1 <br />80.7 <br />87.6 <br />Total liabilities <br />176.6 <br />163.2 <br />53.1 <br />52.9 <br />229.7 <br />216.1 <br />Deferred inflows of resources <br />8.2 <br />4.8 <br />0.5 <br />0.3 <br />8.7 <br />5.1 <br />Net position: <br />Net investment in capital assets <br />542.9 <br />533.3 201.8 <br />206.5 744.7 <br />739.8 <br />Restricted <br />150.1 <br />132.1 - <br />- 150.1 <br />132.1 <br />Unrestricted <br />(1.3) <br />6.0 107.0 <br />100.3 105.7 <br />106.3 <br />Total net position <br />$ 691.7 $ <br />671.4 $ 308.8 $ <br />306.8 $ 1,000.5 $ <br />978.2 <br />Governmental Activities <br />In governmental activities, the increase in restricted net position was mainly due to an increase in <br />revenues for state and federal grants, including hurricane reimbursements, and insurance proceeds. The <br />increase in net investment in capital assets was a result of completed construction projects and decreased <br />outstanding debt. The decrease in unrestricted net position is due to an increase in the net pension <br />liability. <br />