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Indian River County, Florida Management's Discussion and Analysis For the Year Ended September 30, 2020 Notes to the financial statements The notes provide additional information that is essential to a full understanding of the data provided in the government -wide and fund financial statements. The notes to the financial statements can be found on pages 47-112 of this report. Other information In addition to the basic financial statements and accompanying notes, this report also contains required supplementary information concerning Indian River County's progress in funding its obligations to provide other postemployment benefits to its employees, as well as information regarding the County's proportionate share of its pension liability. Required supplementary information can be found on pages 113-118 of this report. Government -wide financial analysis As noted earlier, net position may serve over time as a useful indicator of a government's financial position. In the case of the County, assets and deferred outflows of resources exceeded liabilities and deferred inflows by $1,059.1 million at the close of the fiscal year. Indian River County Net Position (In Millions) Current and other assets Capital, assets Total assets Deferred outflfzA is of resources Other liabilities Long-term liabilities Total liabilities Deferred inflows of resources Governmental Business -t Activities Activities Total 2020 2019 2020 2019 2020 2019 322.9 $ 286,8 $ 125.2 $ 130,9 $ 448,1 $ 417.7 596.2 580.6 224.3 217.1 820.5 797,7 919,1 867.4 349,5 348.0 1,268.6 1,215,4 59.8 50,4 4,2 3.7 64.0 54.1 2tX).5 158,6 21,2 19.1 221,7 177.7 27.8 33.9 10.9 12.4 38.7 46.3 228.3 192.5 32,1 31.5 260.4 224,0 12.0 18,5 1,1 13.1 20.0 llet position: Ilet innestrnent in capital 592.2 869,4 221.3 212,2 813.5 781.6 Restricted 181.9 171.9 . 181.9 171.9 Urtrestritted (deficit) (35.5) (34.5) 99,2 1 (R3, 5 63.7' 72.0 Total. net position 738.ti $ 706.8 $ 320,5 5 318.7 $ 1,059.1 $ 1,025,5 8