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Indian River County, Florida Notes To Financial Statements Year Ended September 30, 2020 NOTE 11 - PROVISION FOR CLOSURE COSTS - Continued A summary of changes in the landfill closure liability account is as follows: Balance Balance 10/1/2019 Deposits Withdrawals 09/30/20 Closure and long-term care costs $ 8,154,682 $ 1,515,017 $ (2,228,028) $ 7,441,671 Of the $7,441,671 liability for closure and long-term care costs, management estimates that $1,949,965 will be due and payable within one year. NOTE 12 - POLLUTION REMEDIATION In accordance with GASB Statement 49, Accounting and Financia( Reporting for Pollution Remediation Obligations, a consultant evaluated three sites to assess pollution remediation liabilities. The consultant calculated for each site an expected value (EV) estimate for pollution remediation based on three plausible mitigation scenarios. An obligating event occurred at each of the following sites requiring the County (using the consultant's services) to attempt to accrue a liability for pollution remediation. The liability totaled $1,861,300 at September 30, 2020 for the three sites. Of the $1,861,300 liability for pollution remediation, management estimates that $314,833 will be due and payable within one year. The pollution remediation obligation is an estimate and subject to changes resulting from price increases and reductions, technology, and changes in applicable laws or regulations. There are no estimated recoveries that would reduce the liability. Governmental Activities: 1) South Gifford Road closed landfill - The nature of the pollution remediation obligation is chlorinated solvent contamination. The consultant will conduct monitoring, bioremediation and reporting with the FDEP. The amount of the estimated year end liability is $1,600,000 and will be paid from the Optional Sales Tax Fund. 2) Old Administration Building - The nature of the pollution remediation obligation is closed underground storage tank contamination. The consultant will conduct monitoring and reporting with the FDEP. The amount of the estimated year end liability is $10,000 and will be paid from the General Fund. Total Governmental Activities liability: $1,610,000 83