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Indian River County, Florida
<br />Statement of Fund Net Position
<br />Proprietary Funds
<br />September 30, 2017
<br />The accompanying notes are an integral part of the financial statements.
<br />37
<br />Business -type
<br />Activities - Enterprise
<br />funds
<br />Governmental
<br />Solid Waste
<br />Activities
<br />Disposal
<br />Golf
<br />County
<br />County
<br />Internal
<br />District
<br />Course
<br />Utilities
<br />Building
<br />Total
<br />Service Funds
<br />ASSETS
<br />Current assets:
<br />Cash and investments
<br />$ 17,141,851 $
<br />128,580
<br />$ 45,318,420 $
<br />7,008,662 $
<br />69,597,513
<br />$ 29,581,186
<br />Accounts receivable - net
<br />714,520
<br />11,791
<br />2,787,982
<br />-
<br />3,514,293
<br />250,559
<br />Due from other funds
<br />124,787
<br />-
<br />-
<br />-
<br />124,787
<br />311,200
<br />Due from other governments
<br />1,132,093
<br />26,414
<br />368,395
<br />5,428
<br />1,532,330
<br />71,600
<br />Interest receivable
<br />33,010
<br />-
<br />611,577
<br />12,987
<br />657,574
<br />50,519
<br />Inventories
<br />-
<br />139,842
<br />1,063,293
<br />-
<br />1,203,135
<br />203,051
<br />Prepaids and other assets
<br />-
<br />1,250
<br />70,828
<br />45,299
<br />117,377
<br />9,574,807
<br />Current restricted assets:
<br />Cash and investments
<br />14,182,162
<br />-
<br />38,109,984
<br />-
<br />52,292,146
<br />-
<br />Total current assets
<br />33,328,423
<br />307,877
<br />88,330,479
<br />7,072,376
<br />129,039,155
<br />40,042,922
<br />Non-current assets:
<br />Capital assets - non -depreciable
<br />13,324,204
<br />6,606,283
<br />12,912,057
<br />-
<br />32,842,544
<br />-
<br />Capital assets - depreciable
<br />31,806,809
<br />4,762,893
<br />434,830,238
<br />589,782
<br />471,989,722
<br />2,961,079
<br />Capital assets - accumulated depreciation
<br />(13,737,960)
<br />(1,872,879)
<br />(266,148,661)
<br />(304,207)
<br />(282,063,707)
<br />(2,314,742)
<br />Non-current restricted assets:
<br />Special assessments receivable
<br />399,299
<br />399,299
<br />Impact fees receivable
<br />555,355
<br />555,355
<br />Liens receivable
<br />6,261,112
<br />6,261,112
<br />Total non-current assets
<br />31,393,053
<br />9,496,297
<br />188,809,400
<br />285,575
<br />229,984,325
<br />646,337
<br />Total assets
<br />64,721,476
<br />9,804,174
<br />277,139,879
<br />7,357,951
<br />359,023,480
<br />40,689,259
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred outflows related to pensions
<br />217,445
<br />179,220
<br />2,669,126
<br />595,904
<br />3,661,695
<br />497,089
<br />Deferred amounts on refundings
<br />-
<br />1,037,380
<br />-
<br />1,037,380
<br />-
<br />Total deferred outflows of resources
<br />217,445
<br />179,220
<br />3,706,506
<br />595,904
<br />4,699,075
<br />497,089
<br />LIABILITIES
<br />Current liabilities (payable from current assets):
<br />Accounts payable
<br />1,988,276
<br />163,150
<br />1,924,720
<br />109,776
<br />4,185,922
<br />299,536
<br />Retainage payable
<br />-
<br />-
<br />90,784
<br />-
<br />90,784
<br />-
<br />Due to other funds
<br />339,073
<br />-
<br />339,073
<br />-
<br />Claims payable
<br />-
<br />-
<br />-
<br />-
<br />2,763,000
<br />Due to other governments
<br />5,596
<br />45,122
<br />22,160
<br />72,878
<br />-
<br />Other deposits
<br />1,000
<br />-
<br />-
<br />1,000
<br />Unearned revenues
<br />-
<br />39,348
<br />-
<br />-
<br />39,348
<br />-
<br />Accrued compensated absences
<br />43,977
<br />24,435
<br />547,552
<br />102,000
<br />717,964
<br />78,598
<br />Total current liabilities (payable from current assets)
<br />2,032,253
<br />572,_602
<br />2,608,178
<br />233,936
<br />5,446,969
<br />3,141,134
<br />Current liabilities (payable from restricted assets):
<br />Accounts payable
<br />-
<br />-
<br />142,012
<br />-
<br />142,012
<br />-
<br />Retainage payable
<br />22,714
<br />22,714
<br />Accrued interest payable
<br />-
<br />72,242
<br />72,242
<br />Closure and maintenance costs payable
<br />9,270,090
<br />-
<br />9,270,090
<br />Notes payable
<br />-
<br />1,007,000
<br />1,007,000
<br />Bonds payable
<br />-
<br />2,100,000
<br />2,100,000
<br />Customer deposits
<br />172,426
<br />3,088,247
<br />3,260,673
<br />Total current liabilities (payable from restricted assets)
<br />9,442,516
<br />6,432,215
<br />15,874,731
<br />-
<br />Total current liabilities
<br />11,474,769
<br />572,602
<br />9,040,393
<br />233,936
<br />21,321,700
<br />3,141,134
<br />Non-current liabilities:
<br />Accrued compensated absences
<br />6,067
<br />46,778
<br />160,213
<br />6,012
<br />219,070
<br />54,310
<br />Advance from other funds
<br />-
<br />912,103
<br />-
<br />-
<br />912,103
<br />-
<br />Claims payable
<br />-
<br />-
<br />-
<br />5,492,000
<br />Closure and maintenance costs payable
<br />4,739,646
<br />-
<br />-
<br />-
<br />4,739,646
<br />-
<br />Net pension liability
<br />480,853
<br />412,841
<br />6,109,051
<br />1,252,211
<br />8,254,956
<br />1,112,578
<br />Notes payable
<br />-
<br />-
<br />4,199,000
<br />-
<br />4,199,000
<br />-
<br />Bonds payable - net ofunamortized discount/premium
<br />14,725,534
<br />14,725,534
<br />Total non-current liabilities
<br />5,226,566
<br />1,371,722
<br />25,193,798
<br />1,258,223
<br />33,050,309
<br />6,658,888
<br />Total liabilities
<br />16,701,335
<br />1,944,324
<br />34,234,191
<br />1,492,159
<br />54,372,009
<br />9,800,022
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred inflows related to pensions
<br />25,316
<br />28,346
<br />411,265
<br />63,390
<br />528,317
<br />69,595
<br />NET POSITION
<br />Net investment in capital assets
<br />31,393,053
<br />9,496,297
<br />160,599,480
<br />285,575
<br />201,774,405
<br />646,337
<br />Unrestricted (deficit)
<br />16,819,217
<br />(1,485,573)_
<br />85,601,449
<br />6,112,731
<br />107,047,824
<br />30,670,394
<br />Total net position
<br />$ 48,212,270 $
<br />8,010,724
<br />$ 246,200,929 $
<br />6,398,306 $
<br />308,822,229
<br />$ 31,316,731
<br />The accompanying notes are an integral part of the financial statements.
<br />37
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