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Indian River County, Florida <br />Board of County Commissioners <br />Notes To Financial Statements <br />Year Ended September 30, 2017 <br />NOTE 9 - LONG-TERM LIABILITIES <br />A. Governmental Long -Term Debt <br />Changes in Long -Term Liabilities <br />Accrued Compensated Absences: <br />Bonds Payable: <br />Spring Training Facility <br />Revenue Bonds - 2001 Series <br />Notes Payable: <br />Limited General Obligation <br />Refunding - 2015 Series <br />Grand Total <br />Balance Balance <br />October 1, September 30, <br />2016 Additions Deletions 2017 <br />$ 4,027,714 $ 2,601,799 $ 2,624,730 $ 4,004,783 <br />6,735,000 <br />520,000 6,215,000 <br />19,706,000 - 4,053,000 15,653,000 <br />$ 30,468,714 $ 2,601,799 $ 7,197,730 $ 25,872,783 <br />Of the $4,004,783 liability for accrued compensated absences, management estimates that $2,534,106 <br />will be due and payable within one year. The long-term liabilities are not reported in the financial <br />statements of the Board since they are not payable from available spendable resources. They are <br />reported in the financial statements of the County. <br />The General Obligation Refunding Note and Spring Training Facility Revenue Bonds are not reported in <br />the governmental fund statements since they are not current liabilities payable from available spendable <br />resources. They are reported in the government -wide financial statements of the County. Payments on <br />the general obligation note and the revenue bonds are made by debt service funds (refer to the Table of <br />Contents for these debt service funds under the category: Combining Balance Sheet and Combining <br />Statement of Revenues, Expenditures and Changes in Fund Balances of Nonmajor Governmental <br />Funds). <br />282 <br />