|
Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2018
<br />NOTE 17 — NET POSITION
<br />A. Net Position Restricted by Enabling Legislation
<br />The government -wide statement of net position for the primary government reports $159,375,667 of
<br />restricted net position, of which $121,303,536 is restricted by enabling legislation.
<br />B. Restatement of Beginning Net Position
<br />The County's beginning net position at October 1, 2017 was decreased due to the adoption of the new
<br />GASB Statement No. 75 (See County Note 1.D.12 for further explanation). This statement requires the
<br />County to recognize its net OPEB liability and operating statement activies related to changes in the
<br />OPEB liability. The beginning net position has been adjusted as follows:
<br />Governmental Activities
<br />Original Restated
<br />10/1/2017 GASB 75 10/1/2017
<br />Net Position Adjustment Net Position
<br />$ 691,715,781 $ (20,177,127) $ 671,538,654
<br />Business -Type Activities
<br />Solid Waste Disposal District 48,212,270 (114,841) 48,097,429
<br />Golf Course 8,010,724 (33,776) 7,976,948
<br />County Utilities 246,200,929 (1,429,878) 244,771,051
<br />County Building 6,398,306 (340,018) 6,058,288
<br />Total
<br />308,822,229 (1,918,513) 306,903,716
<br />$ 1,000,538,010 $ (22,095,640) $ 978,442,370
<br />106
<br />
|