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Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2019
<br />73
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<br />NOTE 8 - INTERFUND TRANSFERS - Continued
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<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) use capital project fund revenues for
<br />improvements to the Jackie Robinson Training Complex and subsidize the North Sebastian Septic to
<br />Sewer incentive program, 6) use nonmajor governmental fund revenues for improvements to the Jackie
<br />Robinson Training Complex, 7) provide matching funds for grants, and 8) move revenues from the fund
<br />that state law requires to collect them to the fund that state law requires to expend them.
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<br />NOTE 9 – ACCOUNTS PAYABLE
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<br />Payables at September 30, 2019, were as follows:
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<br /> Salaries and Total
<br />Governmental Activities: Vendors Benefits Payables
<br />General $ 2,605,618 $ 1,421,172 $ 4,026,790
<br />Impact Fees 297,185 - 297,185
<br />Secondary Roads Construction 701,553 26,505 728,058
<br />Transportation 432,017 336,647 768,664
<br />Emergency Services 870,929 1,080,573 1,951,502
<br />Optional Sales Tax 430,072 - 430,072
<br />Other Governmental 6,849,542 123,968 6,973,510
<br />Total Governmental Activities $ 12,186,916 $ 2,988,865 $ 15,175,781
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<br />Business-type Activities:
<br />Payable from current assets:
<br />Solid Waste $ 1,379,685 $ 26,544 $ 1,406,229
<br />Golf Course 159,342 22,202 181,544
<br />Utilities 2,278,443 354,842 2,633,285
<br />Building 117,949 109,013 226,962
<br />Payable from restricted assets:
<br />Utilities 70,062 - 70,062
<br />Total Business-type Activities $ 4,005,481 $ 512,601 $ 4,518,082
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<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 2019. The amounts due to FRS at September 30,
<br />2019 are $282,960 for governmental activities and $38,460 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 2019 other than that listed in Note 8.
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