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Indian River County, Florida
<br /> Statement of Net Assets
<br /> September 30, 2007
<br /> Primary Government
<br /> Governmental Business-type Component
<br /> Activities Activities Total Unit
<br /> ASSETS
<br /> Current assets :
<br /> Cash and cash equivalents $ 2495630,547 $ 57, 5741129 $ 307 ,204, 676 $ 1315994
<br /> Investments 149, 162 149 , 162
<br /> Accounts receivable - net 864,416 3 ,349,546 4,213 , 962 498
<br /> Internal balances 613 ,585 (613 ,585) - -
<br /> Due from other governments 8 ,988 ,200 46 ,599 9, 0341799 80,901
<br /> Interest receivable 1 , 313 , 117 15308 , 682 2,621 , 799
<br /> Inventories 150,992 833 ,768 984 , 760
<br /> Prepaid expenses 1 ,737,211 60 1 , 737 ,271 -
<br /> Current restricted assets :
<br /> Cash and cash equivalents 105833 ,243 87 , 6213284 985454, 527 6655876
<br /> Total current assets 274,280,473 1503120,483 424 ,400,956 879,269
<br /> Non-current assets :
<br /> Unamortized bond costs 3 ,436, 549 3 ,436, 549 -
<br /> Intangible assets - net 40,282 401282
<br /> Capital assets - non-depreciable 2073301 , 125 49,240, 012 256, 541 , 137 1 , 750, 068
<br /> Capital assets - depreciable 3923669 ,292 330,293 , 790 722, 9635082 9 , 691 , 788
<br /> Capital assets - accumulated depreciation ( 152,377 , 655 ) (140,356,270) (292, 733 ,925) (4 )7785799)
<br /> Non-current restricted assets :
<br /> Special assessments receivable 106,430 2392 , 721 2 ,299, 151
<br /> Notes receivable 66607 3337333 1500000
<br /> Impact fees receivable - 1 , 108 ,443 1 , 108 ,443
<br /> Liens receivable 293 , 705 293 , 705 -
<br /> Deposits 14,000 1400 894
<br /> Total non-current assets 448 ,365 . 859 246, 596, 565 694,962,424 6, 663 ,951
<br /> Total assets 7223646,332 396, 717, 048 1 , 119,363 ,380 71543 ,220
<br /> LIABILITIES AND FUND BALANCES
<br /> Current liabilities (payable from current assets) :
<br /> Accounts payable 16,393 ,375 200, 914 197274,289 22,996
<br /> Claims payable 6, 559, 000 6,5593000 -
<br /> Due to other governments 1 , 036 ,390 43 ,375 1 , 079, 765
<br /> Other deposits held in escrow 515 , 904 200 517,904
<br /> Unearned revenues 53517 ,026 51 , 021 53568 ,047
<br /> Accrued compensated absences 2, 555 ,412 454 ,296 3 , 009 , 708
<br /> Capital leases 8 ,591 74,934 837525
<br /> Current liabilities (payable from current restricted assets) :
<br /> Accounts payable - 6 , 617,202 6, 6171202
<br /> Retainage payable 5 ,288 , 622 1 , 801 , 672 7 , 090 ,294 -
<br /> Accrued interest payable 6095621 256, 976 866 , 597 2,325
<br /> Closure and maintenance costs payable 10 ,5095598 105509, 598 -
<br /> Customer deposits - 33136, 502 3 , 1367502 36,255
<br /> Bonds payable 4,935 , 000 3 , 1055000 8 , 040 , 000 19100
<br /> Total current liabilities 43 ,4183941 281933 ,490 72,3523431 252, 576
<br /> Non-current liabilities :
<br /> Accrued compensated absences 3 ,2557831 606, 706 33862, 537
<br /> Capital leases - 35 , 091 35 , 091 -
<br /> Bonds payable, net of premium and discount 67, 506, 835 61 ,4211825 128 ,92800 2,599,400
<br /> Total long-term liabilities 703762, 666 62,063 , 622 132, 8263288 2,5991400
<br /> Total liabilities 114318107 90,997, 112 205 , 178,719 2, 851 ,976
<br /> NET ASSETS
<br /> Invested in capital assets , net of related debt 37435017758 174 , 54002 549 , 042440 3 , 872,657
<br /> Restricted for:
<br /> Capital projects 31 , 918 , 851 83 , 581 ,721 115 , 5001572
<br /> Debt service 213077225 258, 750 235653975 187256
<br /> Road projects 90,489, 139 - 90,489, 139
<br /> Other purposes 48 , 5215726 - 48, 521 ,726 6117365
<br /> Unrestricted 60, 726, 026 47 ,338, 783 108, 0641809 188 , 966
<br /> Total net assets $ 608 ,464 , 725 $ 305 , 719 ,936 $ 914, 184, 661 $ 401 ,244
<br /> The accompanying notes are an integral part of the financial statements .
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