|
Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2017
<br />NOTE 8 - INTERFUND TRANSFERS - Continued
<br />Transfers are used for the following purposes: 1) use unrestricted general fund revenues to finance
<br />transportation activities which are accounted for in a special revenue fund, 2) use unrestricted general
<br />fund revenues for beach restoration activities which must be accounted for in another fund, 3) use
<br />unrestricted general fund revenues to offset a portion of salaries and benefits expenses for an employee
<br />accounted for in the health insurance fund, 4) use secondary road construction fund revenues to offset
<br />portions of a road millings and bus transfer site projects, 5) use unrestricted stormwater revenues to
<br />offset Egret Marsh employee costs accounted for in the utilities fund, 6) use transportation fund
<br />revenues to offset vehicle maintenance costs accounted for in the fleet internal service fund, 7) to use
<br />capital project fund revenues for improvements to the Historic Dodgertown facility, and County jail, 8)
<br />provide matching funds for grants, and 9) move revenues from the fund that state law requires to collect
<br />them to the fund that state law requires to expend them.
<br />NOTE 9 — ACCOUNTS PAYABLE
<br />Payables
<br />Payables at September 30, 2017, were as follows:
<br />Governmental Activities:
<br />General
<br />Impact Fees
<br />Secondary Roads Construction
<br />Transportation
<br />Emergency Services
<br />Optional Sales Tax
<br />Other governmental
<br />Total Governmental Activities
<br />Business -type Activities:
<br />Payable from current assets:
<br />Solid Waste
<br />Golf Course
<br />Utilities
<br />Building
<br />Payable from restricted assets:
<br />Utilities
<br />Total Business -type Activities
<br />$ 1,964,265 $
<br />Salaries and
<br />Total
<br />Vendors
<br />Benefits
<br />Payables
<br />$ 2,194,251 $
<br />1,106,428 $
<br />3,300,679
<br />316,421
<br />3,808
<br />320,229
<br />1,575,602
<br />9,837
<br />1,585,439
<br />499,549
<br />301,846
<br />801,395
<br />241,875
<br />901,763
<br />1,143,638
<br />2,030,455
<br />-
<br />2,030,455
<br />894,134
<br />274,384
<br />1,168,518
<br />$ 7,752,287 $
<br />2,598,066 $
<br />10,350,353
<br />$ 1,964,265 $
<br />24,011 $
<br />1,988,276
<br />144,415
<br />18,735
<br />163,150
<br />1,627,947
<br />296,773
<br />1,924,720
<br />36,691
<br />73,085
<br />109,776
<br />142,012
<br />-
<br />142,012
<br />$ 3,915,330 $
<br />412,604 $
<br />4,327,934
<br />Included in salaries and benefits payable is a liability to the Florida Retirement System (FRS) for
<br />pension contributions due for the month of September 2017. The amounts due to FRS at September 30,
<br />2017 are $218,142 for governmental activities and $29,313 for business -type activities. Payments to
<br />FRS are made by the fifth working day of the following month. The County has not engaged in any
<br />short-term debt activity during fiscal year 2017 other than that listed in Note 8.
<br />73
<br />
|