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Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2020
<br />NOTE 8 - INTERFUND TRANSFERS - Continued
<br />Transfers are used for the following purposes: 1) use unrestricted general fund revenues to
<br />finance transportation activities which are accounted for in a special revenue fund, 2) use
<br />unrestricted general fund revenues for beach restoration activities which must be
<br />accounted for in another fund, 3) use unrestricted general fund revenues to offset a portion
<br />of salaries and benefits expenses for an employee accounted for in the health insurance
<br />fund, 4) use unrestricted general fund revenues to early payoff a general obligation note
<br />payable, 5) transfer a capital asset paid for by the SWDD fund to the utilities fund, 6) use
<br />unrestricted stormwater revenues to offset Osprey Marsh employee costs accounted for in
<br />the utilities fund, 7) use capital project fund revenues for improvements to the Jackie
<br />Robinson Training Complex and subsidize the North Sebastian Septic to Sewer incentive
<br />program, 8) move insurance funds received in a prior year to the correct fund, and 9)
<br />provide matching funds for grants, and 10) move revenues from the fund state law requires
<br />to collect them to the fund that state law requires to expend them.
<br />NOTE 9 - ACCOUNTS PAYABLE
<br />Payables at September 30, 2020, were as follows:
<br />Governmental Activities:
<br />General
<br />Impact Fees
<br />Transportation
<br />Emergency Services
<br />Beach Restoration
<br />Optional Sales Tax
<br />Other Governmental
<br />Total Governmental Activities
<br />Business -type Activities:
<br />Payable from current assets:
<br />Solid Waste
<br />Golf Course
<br />Utilities
<br />Building
<br />Payable from restricted assets:
<br />Utilities
<br />Total Business -type Activities
<br />Vendors
<br />$ 3,925,291
<br />290,712
<br />551,522
<br />315,508
<br />157,023
<br />1,979,996
<br />8,856,278
<br />$ 16,076,330
<br />Salaries and
<br />Benefits
<br />$ 1,844,716
<br />3,395
<br />399,748
<br />1,388,488
<br />7,453
<br />Total
<br />Payables
<br />$ 5,770,007
<br />294,107
<br />951,270
<br />1,703,996
<br />164,476
<br />1,979,996
<br />191,545 9,047,823
<br />$ 3,835,345 $ 19,911,675
<br />$ 927,887 $
<br />24,277
<br />2,189,922
<br />103,299
<br />38,927 $ 966,814
<br />27,392 51,669
<br />478,286 2,668,208
<br />134,205 237,504
<br />11,895 11,895
<br />$ 3,257,280 $ 678,810 $ 3,936,090
<br />Included in salaries and benefits payable is a liability to the Florida Retirement System
<br />(FRS) for pension contributions due for the month of September 2020. The amounts due to
<br />FRS at September 30, 2020 are $361,586 for governmental activities and $59,753 for
<br />business -type activities. Payments to FRS are made by the fifth working day of the
<br />following month. The County has not engaged in any short-term debt activity during fiscal
<br />year 2020 other than that listed in Note 8.
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