|
21
<br />
<br />Indian River County, Florida
<br />Statement of Net Position
<br />September 30, 2019
<br />
<br />
<br />
<br />
<br />Governmental
<br />Activities
<br />Business-type
<br />Activities Total
<br />ASSETS
<br />Current assets:
<br />Cash and investments $ 264,177,650 $ 72,613,517 $ 336,791,167
<br />Accounts receivable - net 4,828,007 3,390,788 8,218,795
<br />Internal balances 437,021 (437,021) -
<br />Due from other governments 8,727,564 2,303,838 11,031,402
<br />Interest receivable 1,063,275 861,613 1,924,888
<br />Inventories 444,786 1,535,449 1,980,235
<br />Prepaid expenses 1,526,324 1,350 1,527,674
<br />Current restricted assets:
<br />Cash and investments 5,403,291 45,850,049 51,253,340
<br />Total current assets 286,607,918 126,119,583 412,727,501
<br />Non-current assets:
<br />Capital assets - non-depreciable 236,427,972 40,908,277 277,336,249
<br />Capital assets - depreciable 713,843,802 488,228,481 1,202,072,283
<br />Capital assets - accumulated depreciation (369,674,236) (312,025,553) (681,699,789)
<br />Non-current restricted assets:
<br />Special assessments receivable 165,805 1,816,553 1,982,358
<br />Impact fees receivable - 295,992 295,992
<br />Liens receivable - 2,665,632 2,665,632
<br />Total non-current assets 580,763,343 221,889,382 802,652,725
<br />Total assets 867,371,261 348,008,965 1,215,380,226
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred outflows related to pensions 47,529,649 3,193,699 50,723,348
<br />Deferred outflows related to other postemployment benefits 2,631,927 243,262 2,875,189
<br />Deferred amounts on refunding 250,927 243,329 494,256
<br />Total deferred outflows of resources 50,412,503 3,680,290 54,092,793
<br />LIABILITIES
<br />Current liabilities (payable from current assets):
<br />Accounts payable 15,175,781 4,448,020 19,623,801
<br />Retainage payable - 370,352 370,352
<br />Claims payable 2,600,000 - 2,600,000
<br />Due to other governments 1,047,122 38,856 1,085,978
<br />Other deposits held in escrow 24,895 1,000 25,895
<br />Unearned revenues 672,957 962,624 1,635,581
<br />Accrued compensated absences 6,759,059 816,267 7,575,326
<br />Pollution remediation costs payable 74,273 - 74,273
<br />Current liabilities (payable from current restricted assets):
<br />Accounts payable - 70,062 70,062
<br />Retainage payable 638,646 80,991 719,637
<br />Accrued interest payable 718 4,364 5,082
<br />Customer deposits 172,613 3,478,760 3,651,373
<br />Notes payable 4,298,000 1,042,000 5,340,000
<br />Lease payable 3,314 - 3,314
<br />Closure and maintenance costs payable - 1,250,481 1,250,481
<br />Bonds payable 290,000 - 290,000
<br />Total current liabilities 31,757,378 12,563,777 44,321,155
<br />Non-current liabilities:
<br />Accrued compensated absences 5,871,451 220,825 6,092,276
<br />Pollution remediation costs payable 1,541,027 - 1,541,027
<br />Claims payable 5,654,000 - 5,654,000
<br />Net pension liability 138,323,624 9,366,305 147,689,929
<br />Net other postemployment benefits liability 2,463,807 235,813 2,699,620
<br />Notes payable 2,970,000 2,132,000 5,102,000
<br />Lease payable 12,133 - 12,133
<br />Closure and maintenance costs payable - 6,904,201 6,904,201
<br />Bonds payable, net of premium and discount 3,865,000 - 3,865,000
<br />Total non-current liabilities 160,701,042 18,859,144 179,560,186
<br />Total liabilities 192,458,420 31,422,921 223,881,341
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred inflows related to pensions 10,055,094 716,111 10,771,205
<br />Deferred inflows related to other postemployment benefits 8,489,577 801,848 9,291,425
<br />Total deferred inflows of resources 18,544,671 1,517,959 20,062,630
<br />NET POSITION
<br />Net investment in capital assets 569,410,018 212,240,133 781,650,151
<br />Restricted for:
<br />Transportation/road projects 23,085,628 - 23,085,628
<br />Public safety 23,732,984 - 23,732,984
<br />Court related costs 1,641,631 - 1,641,631
<br />Housing assistance 825,747 - 825,747
<br />Capital projects 89,189,559 - 89,189,559
<br />Beach renourishment 18,512,425 - 18,512,425
<br />Culture/recreation 9,269,934 - 9,269,934
<br />Debt service 2,350,434 - 2,350,434
<br />Environmental conservation/preservation 1,168,370 - 1,168,370
<br />Special assessment projects 2,134,707 - 2,134,707
<br />Unrestricted (deficit) (34,540,764) 106,508,242 71,967,478
<br />Total net position $ 706,780,673 $ 318,748,375 $ 1,025,529,048
<br />
<br />
<br />
<br />The accompanying notes are an integral part of the financial statements.
|