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Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2018 <br />Indian River County Total Net Position (In Millions) <br />September 30, 2017 and 2018 <br />net investment in capital assets <br />restricted <br />unrestricted <br />0 <br />200 400 600 <br />800 <br />2017 <br />■2018 <br />By far, the largest portion of the County's net position (75% or $751.4 million) reflects its investment in <br />capital assets (e.g., land, buildings, infrastructure, intangibles, machinery, and equipment), less any <br />related outstanding debt used to acquire those assets. The County uses these capital assets to provide <br />services to citizens; consequently, these assets are not available for future spending. Although the <br />County's investment in its capital assets is reported as net of related debt, it should be noted that the <br />resources needed to repay this debt must be provided from other sources, since the capital assets <br />themselves cannot be used to liquidate these liabilities. <br />A portion of the County's net position (16% or $159 4 million) represents resources that are subject to <br />external restrictions on how they may be used. The remaining balance of the unrestricted net position <br />($92.4 million) may be used to meet the government's ongoing obligations to its citizens and creditors. <br />9 <br />