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Indian River County, Florida <br />Reconciliation of Total Governmental Fund Balances <br />to Net Position of Governmental Activities <br />September 30, 2017 <br />Total governmental fund balances: <br />Amounts reported for governmental activities in the statement of net position are different because: <br />Capital assets used in governmental activities are not financial resources and, therefore, are not reported <br />in the funds. <br />Long-term liabilities, including bonds payable ($5,839,174), notes payable ($15,653,000), <br />accrued compensated absences ($11,288,621), and accrued pollution remediation costs ($2,119,700), <br />are not due and payable in the current period and, therefore, not reported in the funds. <br />On the governmental fund statements, a net pension liability is not recorded until an amount is due and <br />payable and the pension plan's fiduciary net position is not sufficient for payment of those benefits. On <br />the statement of net position, the County's proportionate share of the net pension liability ($119,062,412) <br />of the cost-sharing defined benefit pension plans in which the County participates is reported. <br />Additionally, deferred outflows ($53,570,662) and deferred inflows ($8,088,748) related to pensions are <br />also reported in accordance with GASB Statement No. 68. <br />Special assessments, ambulance services, state and federal grant receivables, and insurance recoveries <br />are not available to pay for current period expenditures and, therefore, are reported as unavailable <br />revenue in the funds. <br />Accrued interest is not recognized in the current period because the resources are not available <br />and, therefore, not reported in the funds. <br />Internal service funds are used by management to charge the costs of certain activities, such as insurance, <br />fleet, and information technology services, to individual funds. The assets and liabilities of the <br />internal service funds are included in governmental activities in the statement of net position. <br />Net position of governmental activities <br />The accompanying notes are an integral part of the financial statements. <br />26 <br />$ 189,977,689 <br />563,779,741 <br />(34,900,495) <br />(73,580,498) <br />15,000,169 <br />122,444 <br />31,316,731 <br />$ 691,715,781 <br />