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Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2017
<br />NOTE 10 - LONG-TERM LIABILITIES
<br />A. Changes in Long -Term Liabilities
<br />Long-term liability activity for the year ended September 30, 2017, was as follows:
<br />Governmental Activities:
<br />Bonds payable:
<br />Spring Training Facility Revenue Bonds -
<br />Series 2001
<br />Notes payable:
<br />Limited General Obligation Refunding
<br />Other liabilities:
<br />Pollution remediation
<br />Claims payable
<br />Due to other governments -Medicaid
<br />Compensated absences
<br />Total other liabilities
<br />Governmental activities long-term liabilities
<br />Beginning
<br />Due
<br />Ending Within
<br />$ 6,735,000 $ - $
<br />520,000 $
<br />6,215,000 $
<br />550,000
<br />19,706,000 -
<br />4,053,000
<br />15,653,000
<br />4,158,000
<br />2,445,100 -
<br />325,400
<br />2,119,700
<br />90,207
<br />8,512,520 16,364,331
<br />16,621,851
<br />8,255,000
<br />2,763,000
<br />158,087 -
<br />158,087
<br />-
<br />-
<br />10,990,982 7,343,107
<br />6,912,560
<br />11,421,529
<br />6,179,046
<br />22,106,689 23,707,438
<br />24,017,898
<br />21,796,229
<br />9,032,253
<br />$ 48,547,689 $ 23,707,438 $ 28,590,898 $ 43,664,229 $ 13,740,253
<br />Business -type Activities:
<br />Bonds payable:
<br />Water & Sewer Refunding Revenue Bonds - $ 17,620,000 $
<br />Series 2009
<br />Add: Unamortized bonds premium 1,380,884
<br />Total bonds payable 19,000,884
<br />Notes payable:
<br />Water & Sewer Revenue Refunding 6,198,000
<br />Other liabilities:
<br />- $ 2,000,000 $ 15,620,000 $ 2,100,000
<br />175,350 1,205,534 -
<br />- 2,175,350 16,825,534 2,100,000
<br />- 992,000 5,206,000 1,007,000
<br />Landfill closure and maintenance costs
<br />13,009,736
<br />1,000,000
<br />- 14,009,736
<br />9,270,090
<br />Compensated absences
<br />931,664
<br />790,354
<br />784,984 937,034
<br />717,964
<br />Total notes payable and other liabilities
<br />20,139,400
<br />1,790,354
<br />1,776,984 20,152,770
<br />10,995,054
<br />Business -type activities long-term liabilities $
<br />39,140,284 $
<br />1,790,354 $
<br />3,952,334 $ 36,978,304 $
<br />13,095,054
<br />74
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