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Indian River County, Florida <br />NOTES TO FINANCIAL STATEMENTS - Continued <br />Year Ended September 30, 1995 <br />NOTE 17 - COMMITMENTS AND CONTINGENCIES - Continued <br />Special Capital <br />General Revenue PcgisstS Bntelprise Total <br />Total contract price $35,450 $4,402,537 $12,512,162 $25,819,938 542,770,087 <br />Total paid as of <br />September 30, 1995 30.989 1.027.463 12.310.610 14,970.568 28.339.630 <br />Remaining Commitments at <br />September 30,1995 UAU S3.3� 510.849,370 S 14= <br />C. Grants <br />Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantor <br />agencies. If any expenditures are disallowed as a result of these audits, the claims for reimbursement to <br />the grantor agency would become a liability of the County. In the opinion of management, any such <br />adjustments would not be significant. <br />D. Gifford Landfill <br />The Gifford Landfill, which has been closed since 1978, is being monitored by the Florida Department <br />of Environmental Protection (FDEP) and the County. A hydrogeologic study showed groundwater <br />contamination has occurred. A groundwater monitoring program, which will include the use of 12 <br />groundwater monitoring wells, has been developed and has been authorized by FDEP. Implementation <br />of the study is estimated to cost $80,000 in fiscal year 1996 for the installation of the wells, groundwater <br />monitoring and analytical testing. <br />NOTE 18 -SUBSEQUENT EVENTS <br />A. On November 7, 1995, the Solid Waste Disposal District approved the purchase of three parcels of <br />land totaling 113.51 acres north of the existing landfill site. The closings took place on January 5, 1996, <br />and January 8, 1996, and the total amount of the acquisition was approximately $3.1 million. The <br />District plans to use this additional land for waste disposal purposes and to establish an industrial park <br />for the promotion and support of waste recycling industries. <br />B. In January 1996, the Solid Waste Disposal District filed a permit application with the Florida <br />Department of Environmental Protection to construct an infill segment to the current landfill, which <br />would significantly increase the capacity of the landfill. The District's engineers are unsure of the <br />likelihood of approval of the application. <br />60 <br />