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<br />
<br />Indian River County, Florida
<br />Statement of Fund Net Position
<br />Proprietary Funds
<br />September 30, 2019
<br />
<br /> Business-type Activities - Enterprise Funds Governmental
<br />
<br />
<br />Solid Waste
<br />Disposal
<br />District
<br />Golf
<br />Course
<br />County
<br />Utilities
<br />County
<br />Building Total
<br />Activities
<br />Internal
<br />Service Funds
<br />ASSETS
<br />Current assets:
<br />Cash and investments $ 16,728,658 $ 652,899 $ 46,874,124 $ 8,357,836 $ 72,613,517 $ 31,821,357
<br />Accounts receivable - net 114,108 1,391 3,275,289 - 3,390,788 1,504,719
<br />Due from other funds 135,010 - - - 135,010 411,847
<br />Due from other governments 1,065,944 16,335 1,201,028 20,531 2,303,838 74,425
<br />Interest receivable 62,762 2,708 767,784 28,359 861,613 105,577
<br />Inventories - 117,001 1,418,448 - 1,535,449 267,146
<br />Prepaids and other assets - 1,238 - 112 1,350 1,219,522
<br />Current restricted assets:
<br />Cash and investments 8,828,425 - 37,021,624 - 45,850,049 -
<br />Total current assets 26,934,907 791,572 90,558,297 8,406,838 126,691,614 35,404,593
<br />Non-current assets:
<br />Capital assets - non-depreciable 17,695,668 6,606,283 16,606,326 - 40,908,277 -
<br />Capital assets - depreciable 32,005,334 5,023,190 450,656,380 543,577 488,228,481 3,954,309
<br />Capital assets - accumulated depreciation (15,890,013) (2,275,913) (293,456,037) (403,590) (312,025,553) (2,535,803)
<br />Non-current restricted assets:
<br />Special assessments receivable - - 1,816,553 - 1,816,553 -
<br />Impact fees receivable - - 295,992 - 295,992 -
<br />Liens receivable - - 2,665,632 - 2,665,632 -
<br />Total non-current assets 33,810,989 9,353,560 178,584,846 139,987 221,889,382 1,418,506
<br />Total assets 60,745,896 10,145,132 269,143,143 8,546,825 348,580,996 36,823,099
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred outflows related to pensions 193,148 158,013 2,340,923 501,615 3,193,699 434,500
<br />Deferred outflows related to other postemployment benefits 14,508 4,269 181,224 43,261 243,262 32,444
<br />Deferred amounts on refundings - - 243,329 - 243,329 -
<br />Total deferred outflows of resources 207,656 162,282 2,765,476 544,876 3,680,290 466,944
<br />LIABILITIES
<br />Current liabilities (payable from current assets):
<br />Accounts payable 1,406,229 181,544 2,633,285 226,962 4,448,020 5,760,847
<br />Retainage payable 215,088 - 155,264 - 370,352 -
<br />Due to other funds - 297,031 - - 297,031 -
<br />Claims payable - - - - - 2,600,000
<br />Due to other governments 1,514 8,560 1,607 27,175 38,856 -
<br />Other deposits - 1,000 - - 1,000 -
<br />Unearned revenues - 54,662 - 907,962 962,624 -
<br />Accrued compensated absences 51,101 26,364 614,969 123,833 816,267 119,501
<br />Total current liabilities (payable from current assets) 1,673,932 569,161 3,405,125 1,285,932 6,934,150 8,480,348
<br />Current liabilities (payable from restricted assets):
<br />Accounts payable - - 70,062 - 70,062 -
<br />Retainage payable - - 80,991 - 80,991 -
<br />Accrued interest payable - - 4,364 - 4,364 -
<br />Closure and maintenance costs payable 1,250,481 - - - 1,250,481 -
<br />Notes payable - - 1,042,000 - 1,042,000 -
<br />Customer deposits 173,743 - 3,305,017 - 3,478,760 -
<br />Total current liabilities (payable from restricted assets) 1,424,224 - 4,502,434 - 5,926,658 -
<br />Total current liabilities 3,098,156 569,161 7,907,559 1,285,932 12,860,808 8,480,348
<br />Non-current liabilities:
<br />Accrued compensated absences 8,804 50,159 161,862 - 220,825 50,818
<br />Advance from other funds - 275,000 - - 275,000 -
<br />Claims payable - - - - - 5,654,000
<br />Closure and maintenance costs payable 6,904,201 - - - 6,904,201 -
<br />Net pension liability 537,834 462,980 6,880,392 1,485,099 9,366,305 1,263,230
<br />Net other postemployment benefits liability 14,296 4,200 176,025 41,292 235,813 30,656
<br />Notes payable - - 2,132,000 - 2,132,000 -
<br />Total non-current liabilities 7,465,135 792,339 9,350,279 1,526,391 19,134,144 6,998,704
<br />Total liabilities 10,563,291 1,361,500 17,257,838 2,812,323 31,994,952 15,479,052
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred inflows related to pensions 35,388 36,957 546,603 97,163 716,111 93,796
<br />Deferred inflows related to other postemployment benefits 48,315 14,202 598,102 141,229 801,848 105,258
<br />Total deferred inflows of resources 83,703 51,159 1,144,705 238,392 1,517,959 199,054
<br />NET POSITION
<br />Net investment in capital assets 33,159,606 9,329,044 169,611,496 139,987 212,240,133 1,418,506
<br />Unrestricted (deficit) 17,146,952 (434,289) 83,894,580 5,900,999 106,508,242 20,193,431
<br />Total net position $ 50,306,558 $ 8,894,755 $ 253,506,076 $ 6,040,986 $ 318,748,375 $ 21,611,937
<br />
<br />
<br />The accompanying notes are an integral part of the financial statements.
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