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Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2018
<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 unrestricted stormwater revenues to offset Egret
<br />Marsh employee costs accounted for in the utilities fund, 5) to use capital project fund revenues for
<br />improvements to the Historic Dodgertown facility, 6) provide matching funds for grants, and 7) move
<br />revenues from the fund that state law requires to collect them to the fund that state law requires to
<br />expend them.
<br />NOTE 9 — ACCOUNTS PAYABLE
<br />Payables
<br />Payables at September 30, 2018, 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 />Vendors
<br />$ 3,496,054
<br />134,556
<br />1,046, 845
<br />407,553
<br />212,122
<br />3,537,879
<br />1,345,318
<br />Salaries and
<br />Benefits
<br />1,215,506
<br />5,087
<br />14,346
<br />307,760
<br />955,385
<br />255,794
<br />Total
<br />Payables
<br />$ 4,711,560
<br />139,643
<br />1,061,191
<br />715,313
<br />1,167,507
<br />3,537,879
<br />1,601,112
<br />$ 10,180,327 $ 2,753,878 $ 12,934,205
<br />Business -type Activities:
<br />Payable from current assets:
<br />Solid Waste $ 1,231,980 $
<br />Golf Course 57,799
<br />Utilities 2,095,701
<br />Building 58,420
<br />Payable from restricted assets:
<br />Utilities 827,641 - 827,641
<br />Total Business -type Activities $ 4,271,541 $ 433,745 $ 4,705,286
<br />23,471 $ 1,255,451
<br />19,253 77,052
<br />302,749 2,398,450
<br />88,272 146,692
<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 2018. The amounts due to FRS at September 30,
<br />2018 are $239,316 for governmental activities and $32,154 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 2018 other than that listed in Note 8.
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