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Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2018
<br />NOTE 10 - LONG-TERM LIABILITIES
<br />A. Changes in Long -Term Liabilities
<br />Long-term liability activity for the year ended September 30, 2018, 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 />Compensated absences
<br />Total other liabilities
<br />Due
<br />Beginning Ending Within
<br />Balance Additions Retirements Balance One Year
<br />$ 6,215,000 $ - $ 550,000 $ 5,665,000 $ 585,000
<br />15,653,000 4,158,000 11,495,000 4,227,000
<br />2,119,700 2,200 2,121,900 92,647
<br />8,255,000 21,400,694 21,216,694 8,439,000 2,530,000
<br />11,421,529 7,326,053 6,695,839 12,051,743 6,270,529
<br />21,796,229 28,728,947 27,912,533 22,612,643 8,893,176
<br />Governmental activities long-term liabilities $ 43,664,229 $ 28,728,947 $ 32,620,533 $ 39,772,643 $ 13,705,176
<br />Business -type Activities:
<br />Bonds payable:
<br />Water & Sewer Refunding Revenue Bonds -
<br />Series 2009 $ 15,620,000 $ - $ 2,100,000 $ 13,520,000 $ 2,205,000
<br />Add: Unamortized bonds premium 1,205,534 - 175,351 1,030,183 -
<br />Total bonds payable 16,825,534 2,275,351 14,550,183 2,205,000
<br />Notes payable:
<br />Water & Sewer Revenue Refunding 5,206,000 1,007,000 4,199,000 1,025,000
<br />Other liabilities:
<br />Landfill closure and maintenance costs 14,009,736 1,270,000 1,164,558 14,115,178 8,506,674
<br />Compensated absences 937,034 730,590 657,875 1,009,749 671,627
<br />Total notes payable and other liabilities 20,152,770 2,000,590 2,829,433 19,323,927 10,203,301
<br />Business -type activities long-term liabilities $ 36,978,304 $ 2,000,590 $ 5,104,784 $ 33,874,110 $ 12,408,301
<br />74
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