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Indian River County, Florida
<br /> Statement of Net Assets
<br /> Proprietary Funds
<br /> September 30 , 2007
<br /> Business-type Activities - Enterprise Funds Governmental
<br /> Solid Waste Other Activities
<br /> Disposal Golf County Enterprise Internal
<br /> District Course Utilities Funds Total Service Fund
<br /> ASSETS
<br /> Current assets :
<br /> Cash and cash equivalents $ 18, 110,302 $ 2,854 S 34,340,820 $ 5 , 120, 153 $ 57 , 574 , 129 S 17,959,321
<br /> Accounts receivable - net 1912239 - 3 , 1582307 3 ,349,546 1811881
<br /> Due from other funds 98,415 - - - 981415 -
<br /> Due from other governments 28,578 12 ,569 41650 802 46, 599 18 ,445
<br /> Interest receivable 178 ,821 - 1 , 1291861 - 113081682 -
<br /> Inventories 491648 7431379 405741 8331768 137 ,401
<br /> Prepaid expenses - - - 60 60 136787005
<br /> Current restricted assets:
<br /> Cash and cash equivalents 14.780,748 53 , 814 72,673 ,728 112 ,994 87 ,621 ,284 -
<br /> Total current assets 33 .3889103 118,885 112,050,745 51274,750 150, 8321483 19,975 ,053
<br /> Non-current assets :
<br /> Unamortized bond costs - 3317047 3 , 105 ,502 3 ,436,549
<br /> Intangible assets - net 405282 - - 403282 -
<br /> Capital assets - non-depreciable 17 . 123 , 169 669,630 311447 ,213 - 49,2409012 3465620
<br /> Capital assets - depreciable 161937,524 81559, 547 302,3697524 2,4271195 330,2937790 474,727
<br /> Capital assets - accumulated depreciation (8, 806,899) ( 11784,944) ( 129, 1141434) (6495993) ( 140,356,270) (180,769)
<br /> Non-current restricted assets:
<br /> Special assessments receivable - - 231927721 - 211923721
<br /> Notes receivable - - 3331333 - 3333333
<br /> Impact fees receivable - - 111081443 - 11108,443
<br /> Liens receivable - - 2935705 - 293 ,705
<br /> Deposits - 11000 13 ,000 - 14,000
<br /> Total non-current assets 25,2945076 71776,280 211 ,749,007 1 ,777 ,202 246 , 596 ,565 640 ,578
<br /> Total assets 58,682, 179 718957165 323 ,799,752 7,0511952 397 429,048 20,615 ,631
<br /> LIABILITIES
<br /> Current liabilities (payable from current assets) :
<br /> Accounts payable 8661106 141 ,328 1 ,785 ,986 87 ,494 2,880,914 463 , 543
<br /> Claims payable - - 615595000
<br /> Due to other governments 95776 241284 93315 43 ,375 -
<br /> Other deposits 21000 - - 21000 -
<br /> Unearned revenues 61000 441255 766 51 ,021 -
<br /> Capital leases - 74,934 - 74 ,934 -
<br /> Accrued compensated absences 85,673 357043 258 , 827 74,753 454,296 341755
<br /> Total current liabilities (payable from current assets) 9577779 3071336 210697863 171 ,562 31506,540 71057 ,298
<br /> Current liabilities (payable from restricted assets)
<br /> Accounts payable - - 61617 ,202 - 6 ,6177202 -
<br /> ' Retainage payable - - 11801 ,672 - 178017672 -
<br /> Accrued interest payable - 13 ,397 2431579 - 256,976 -
<br /> Bonds payable - 4851000 29620,000 - 31105 ,000 -
<br /> Closure and maintenance costs payable 10,5097598 - - - 1015097598 -
<br /> Customer deposits 178,500 21885 ,431 72 ,571 3 , 136 ,502 -
<br /> Total current liabilities (payable from restricted assets) 101688,098 498,397 14, 167,884 72,571 25 ,426,950 -
<br /> Non-current liabilities :
<br /> Accrued compensated absences 112,258 797115 299,655 1151678 6061706 183343
<br /> Advance from other funds - 712 ,000 - 712 ,000 -
<br /> Capital leases 35 ,091 - 35 ,091
<br /> Bonds payable - net of unamortized discount/premium - 47133 ,728 57 ,2881097 61 ,4211825
<br /> Total non-current liabilities 112,258 41959,934 571587 ,752 115 ,678 62,7751622 18,343
<br /> Total liabilities 11 ,7587135 51765,667 73 ,8257499 3597811 91 , 709, 112 75075 ,641
<br /> NET ASSETS
<br /> Invested in capital assets, net of related debt 25 ,2531794 2,7151480 144 ,7941206 1 ,7771202 174,540,682 640,578
<br /> Restricted for:
<br /> Debt service - 40,417 2187333 - 258,750 -
<br /> Capital projects - 8315811721 - 83 ,581 ,721 -
<br /> Unrestricted 21 ,6701250 (626,399) 21 ,379,993 4,914,939 47 ,3385783 12 ,899,412
<br /> Total net assets S 46,924,044 $ 21129,498 $ 249,9745253 $ 61692 . 141 S 3051719,936 $ 131539,990
<br /> The accompanying notes are an integral part of the financial statements .
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