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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2020 <br />NOTE 19 - COMMITMENTS AND CONTINGENCIES - Continued <br />B. <br />Contracts and Other Commitments - Continued <br />A summary of these projects at September 30, 2020, is as follows: <br />General <br />Special Revenue <br />Capital Projects <br />Enterprise <br />Internal Service <br />Total <br />C. Grants <br />Total <br />Contract Price <br />$ 3,338,260 <br />9,277,222 <br />35, 577, 950 <br />18,858,071 <br />583,391 <br />$ 67,634,894 <br />Total Paid as of <br />September 30, 2020 <br />$ <br />Remaining <br />Balance at <br />September 30, 2020 <br />(1,787,648) $ <br />(6,408,159) <br />(11,688,226) <br />(10,074,741) <br />(286,232) <br />$ <br />1,550,612 <br />2,869,063 <br />23,889,724 <br />8,783,330 <br />297,159 <br />(30,245,006) $ <br />37,389,888 <br />Amounts received or receivable from grantor agencies are subject to audit and adjustment <br />by grantor agencies. If any expenditures are disallowed as a result of these audits, the <br />claims for reimbursement to the grantor agency would become a liability of the County. In <br />the opinion of management, any such adjustments would not be significant. <br />D. COVID-19 <br />In March 2020, the World Health Organization declared the novel coronavirus outbreak <br />(COVID-19) to be a global pandemic. The extent of the ultimate impact on the County's <br />operational and financial performance will depend on various developments, including the <br />duration and spread of the outbreak and its impact on employees, vendors, and taxpayers, <br />all of which cannot be reasonably predicted at this time. County staff will closely monitor <br />the situation and make necessary adjustments as needed to maintain its sound financial <br />position. <br />112 <br />