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Indian River County, Florida
<br />Statement of Net Position
<br />September 30, 2017
<br />The accompanying notes are an integral part of the financial statements.
<br />21
<br />Governmental
<br />Business -type
<br />Activities
<br />Activities
<br />Total
<br />ASSETS
<br />Current assets:
<br />Cash and investments
<br />$ 219,045,124 $
<br />69,597,513 $
<br />288,642,637
<br />Accounts receivable - net
<br />8,846,162
<br />3,514,293
<br />12,360,455
<br />Internal balances
<br />1,126,389
<br />(1,126,389)
<br />-
<br />Due from other governments
<br />11,506,049
<br />1,532,330
<br />13,038,379
<br />Interest receivable
<br />570,678
<br />657,574
<br />1,228,252
<br />Inventories
<br />340,329
<br />1,203,135
<br />1,543,464
<br />Prepaid expenses
<br />1,413,015
<br />117,377
<br />1,530,392
<br />Current restricted assets:
<br />Cash and investments
<br />6,072,867
<br />52,292,146
<br />58,365,013
<br />Total current assets
<br />248,920,613
<br />127,787,979
<br />376,708,592
<br />Non-current assets:
<br />Net other postemployment benefits asset
<br />8,513,836
<br />-
<br />8,513,836
<br />Capital assets - non -depreciable
<br />228,312,967
<br />32,842,544
<br />261,155,511
<br />Capital assets - depreciable
<br />671,008,272
<br />471,989,722
<br />1,142,997,994
<br />Capital assets - accumulated depreciation
<br />(334,895,161)
<br />(282,063,707)
<br />(616,958,868)
<br />Non-current restricted assets:
<br />Special assessments receivable
<br />191,266
<br />399,299
<br />590,565
<br />Impact fees receivable
<br />-
<br />555,355
<br />555,355
<br />Liens receivable
<br />6,261;112
<br />6,2_61,112
<br />Total non-current assets
<br />573,131,180
<br />229,984,325
<br />803,115,505
<br />Total assets
<br />822,051,793
<br />357,772,304
<br />1,179,824,097
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred outflows related to pensions
<br />54,067,751
<br />3,661,695
<br />57,729,446
<br />Deferred amounts on refunding
<br />375,826
<br />1,037,380
<br />1,413,206
<br />Total deferred outflows of resources
<br />54_,443,577
<br />4,699,075
<br />59,142,652
<br />LIABILITIES
<br />Current liabilities (payable from current assets):
<br />Accounts payable
<br />10,350,353
<br />4,185,922
<br />14,536,275
<br />Retainage payable
<br />-
<br />30,430
<br />30,430
<br />Claims payable
<br />2,763,000
<br />-
<br />2,763,000
<br />Due to other governments
<br />404,246
<br />72,878
<br />477,124
<br />Other deposits held in escrow
<br />21,710
<br />1,000
<br />22,710
<br />Unearned revenues
<br />640,851
<br />39,348
<br />680,199
<br />Accrued compensated absences
<br />6,179,046
<br />717,964
<br />6,897,010
<br />Pollution remediation costs payable
<br />90,207
<br />-
<br />90,207
<br />Current liabilities (payable from current restricted assets):
<br />Accounts payable
<br />-
<br />142,012
<br />142,012
<br />Retainage payable
<br />736,187
<br />83,068
<br />819,255
<br />Accrued interest payable
<br />-
<br />72,242
<br />72,242
<br />Customer deposits
<br />628,680
<br />3,260,673
<br />3,889,353
<br />Notes payable
<br />4,158,000
<br />1,007,000
<br />5,165,000
<br />Closure and maintenance costs payable
<br />-
<br />9,270,090
<br />9,270,090
<br />Bonds payable
<br />550,000
<br />2,100,000
<br />2,650,000
<br />Total current liabilities
<br />26,522,280
<br />20,982,627
<br />47,504,907
<br />Non-current liabilities:
<br />Accrued compensated absences
<br />5,242,483
<br />219,070
<br />5,461,553
<br />Pollution remediation costs payable
<br />2,029,493
<br />-
<br />2,029,493
<br />Claims payable
<br />5,492,000
<br />-
<br />5,492,000
<br />Net pension liability
<br />120,174,990
<br />8,254,956
<br />128,429,946
<br />Notes payable
<br />11,495,000
<br />4,199,000
<br />15,694,000
<br />Closure and maintenance costs payable
<br />-
<br />4,739,646
<br />4,739,646
<br />Bonds payable, net of premium and discount
<br />5,665,000
<br />14,725,534
<br />20,390,534
<br />Total non-current liabilities
<br />150,098,966
<br />32,138,206
<br />182,237,172
<br />Total liabilities
<br />176,621,246
<br />53,120,833
<br />229,742,079
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred inflows related to pensions
<br />8,158,343
<br />528,317
<br />8,686,660
<br />NET POSITION
<br />Net investment in capital assets
<br />542,933,904
<br />201,774,405
<br />744,708,309
<br />Restricted for:
<br />Transportation/road projects
<br />25,990,131
<br />-
<br />25,990,131
<br />Public safety
<br />15,252,390
<br />15,252,390
<br />Court related costs
<br />2,405,030
<br />2,405,030
<br />Housing assistance
<br />1,245,301
<br />1,245,301
<br />Capital projects
<br />79,625,137
<br />79,625,137
<br />Beach renourishment
<br />13,438,501
<br />13,438,501
<br />Culture/recreation
<br />6,620,049
<br />6,620,049
<br />Debt service
<br />3,853,146
<br />3,853,146
<br />Environmental conservation/preservation
<br />174,304
<br />-
<br />174,304
<br />Special assessment projects
<br />1,528,609
<br />-
<br />1,528,609
<br />Unrestricted (deficit)
<br />(1,350,721)
<br />107,047,824
<br />105,697,103
<br />Total net position
<br />$ 691,715 781 $
<br />308 822,229 $
<br />1,000,538,010
<br />The accompanying notes are an integral part of the financial statements.
<br />21
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