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Indian River County, Florida Notes To Financial Statements Year Ended September 30, 2019 107 NOTE 19 - COMMITMENTS AND CONTINGENCIES A. Litigation The County is involved in litigation regarding a zoning dispute and other matters, and may be required to pay damages at a future date. While the ultimate amount of damages is currently unknown, management has estimated that the amount is likely to equal or exceed $3,783,727. Accordingly, management has recorded an estimated liability in that amount in the financial statements. Various other suits and claims are currently pending against the County. It is impossible for the County to accurately quantify the exposure involved given the jury’s latitude in assessing compensatory and punitive damages, and the court’s latitude in awarding attorney’s fees. The County intends to vigorously defend against these lawsuits and believes it has a good chance of prevailing on their merits The County is contingently liable with respect to lawsuits and other claims incidental to the ordinary course of its operations. In the opinion of management and based on the advice of legal counsel, the ultimate disposition of lawsuits will not have a material adverse effect on the financial position of the County. B. Contracts and Other Commitments The County has various contracts and commitments outstanding at September 30, 2019. In the General Fund, contracts are for janitorial services, beach park landscape and custodial maintenance, legislative consulting services and external auditing services. In the Special Revenue Funds, contracts are for 49th Street milling and resurfacing, CR512 resurfacing and shoulder widening from Myrtle Street to 125th Avenue, Courthouse renovations, 45th Street beautification - Phase II, Sector 5 beach restoration, beach profile surveys and monitoring, serveral conservation area improvements as well as a variety of other road paving and drainage projects. In the Capital Projects Fund, contracts are for the north county offices at Sebastian Corners renovation, the Osprey Acres floway and nature preserve, P25 radio system migration project, and several sidewalk and road improvement projects throughout the County. In the Enterprise Funds, contracts are for the golf course maintenance, aquifer wells rehabilitation project, Countywide meter replacement program, landfill closure, expansion & gas system, and various other water and sewer projects. In the Internal Service Funds, contracts are for benefit administration services.