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Indian River County, Florida <br />Statement of Net Position <br />September 30, 2018 <br />Governmental Business -type <br />Activities Activities <br />Total <br />ASSETS <br />Current assets: <br />Cash and investments $ 243,629,725 $ 73,201,160 $ 316,830,885 <br />Accounts receivable - net 4,832,241 3,751,114 8,583,355 <br />Internal balances 778,809 (778,809) - <br />Due from other governments 11,279,409 2,142,182 13,421,591 <br />Interest receivable 949,432 827,373 1,776,805 <br />Inventories 436,536 1,515,109 1,951,645 <br />Prepaid expenses 1,582,174 11,173 1,593,347 <br />Current restricted assets: <br />Cash and investments 6,018,650 54,554,166 60,572,816 <br />Total current assets 269,506,976 135,223,468 404,730,444 <br />Non-current assets: <br />Capital assets - non -depreciable 234,899,903 36,755,123 271,655,026 <br />Capital assets - depreciable 686,868,022 475,874,150 1,162,742,172 <br />Capital assets - accumulated depreciation (351,290,909) (296,900,730) (648,191,639) <br />Non-current restricted assets: <br />Special assessments receivable 175,151 620,377 795,528 <br />Impact fees receivable 273,956 273,956 <br />Liens receivable 7,738,123 7,738,123 <br />Total non-current assets 570,652,167 224,360,999 795,013,166 <br />Total assets 840,159,143 359,584,467 1,199,743,610 <br />DEFERRED OUTFLOWS OF RESOURCES <br />Deferred outflows related to pensions 51,812,650 3,425,620 55,238,270 <br />Deferred outflows related to other postemployment benefits 2,427,603 226,096 2,653,699 <br />Deferred amounts on refunding 269,710 862,724 1,132,434 <br />Total deferred outflows of resources 54,509,963 4,514,440 59,024,403 <br />LIABILITIES <br />Current liabilities (payable from current assets): <br />Accounts payable 12,934,205 3,877,645 16,811,850 <br />Retainage payable 199,956 199,956 <br />Claims payable 2,530,000 2,530,000 <br />Due to other governments 855,182 90,736 945,918 <br />Other deposits held in escrow 23,047 1,000 24,047 <br />Unearned revenues 728,891 49,079 777,970 <br />Accrued compensated absences 6,270,529 671,627 6,942,156 <br />Pollution remediation costs payable 92,647 - 92,647 <br />Current liabilities (payable from current restricted assets): <br />Accounts payable - 827,641 827,641 <br />Retainage payable 540,650 183,653 724,303 <br />Accrued interest payable - 62,107 62,107 <br />Customer deposits 666,000 3,322,176 3,988,176 <br />Notes payable 4,227,000 1,025,000 5,252,000 <br />Closure and maintenance costs payable - 8,506,674 8,506,674 <br />Bonds payable 585,000 2,205,000 2,790,000 <br />Total current liabilities 29,453,151 21,022,294 50,475,445 <br />Non-current liabilities: <br />Accrued compensated absences 5,781,214 338,121 6,119,335 <br />Pollution remediation costs payable 2,029,253 - 2,029,253 <br />Claims payable 5,909,000 - 5,909,000 <br />Net pension liability 121,413,468 8,201,394 129,614,862 <br />Net other postemployment benefits liability 3,159,291 294,240 3,453,531 <br />Notes payable 7,268,000 3,174,000 10,442,000 <br />Closure and maintenance costs payable - 5,608,504 5,608,504 <br />Bonds payable, net of premium and discount 5,080,000 12,345,183 17,425,183 <br />Total non-current liabilities 150,640,226 29,961,442 180,601,668 <br />Total liabilities 180,093,377 50,983,736 231,077,113 <br />DEFERRED INFLOWS OF RESOURCES <br />Deferred inflows related to pensions <br />Deferred inflows related to other postemployment benefits <br />Total deferred inflows of resources <br />12,931,650 <br />9,714,052 <br />22,645,702 <br />900,838 13,832,488 <br />904,719 10,618,771 <br />1,805,557 24,451,259 <br />NET POSITION <br />Net investment in capital assets 553,586,726 197,842,084 751,428,810 <br />Restricted for: <br />Transportation/road projects 24,140,955 24,140,955 <br />Public safety 18,774,267 18,774,267 <br />Court related costs 2,157,218 2,157,218 <br />Housing assistance 927,281 927,281 <br />Capital projects 79,398,595 79,398,595 <br />Beach renourishment 17,105,108 17,105,108 <br />Culture/recreation 9,349,813 9,349,813 <br />Debt service 4,421,410 - 4,421,410 <br />Environmental conservation/preservation 1,281,501 1,281,501 <br />Special assessment projects 1,819,519 - 1,819,519 <br />Unrestricted (deficit) (21,032,366) 113,467,530 92,435,164 <br />Total net position $ 691,930,027 $ 311,309,614 $ 1,003,239,641 <br />The accompanying notes are an integral part of the financial statements. <br />21 <br />