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Indian River County, Florida
<br /> Notes To Financial Statements
<br /> Year Ended September 30 , 2007
<br /> NOTE 11 - RECEIVABLE AND PAYABLE BALANCES - Continued
<br /> Payables
<br /> Payables at September 30 , 2007 , were as follows :
<br /> Salaries and Total
<br /> Governmental Activities : Vendors Benefits Retainage Payables
<br /> General $ 2 , 511 , 582 $ 1 , 160 , 503 $ - $ 3 , 672 ,085
<br /> Impact Fees 3 ,422 , 642 1 ,439 11539 ,443 4 , 963 , 524
<br /> Secondary Roads Construction 5131574 121495 591 , 854 1 , 117 ,923
<br /> Transportation 289 ,465 2005779 1 ,240 4911484
<br /> Emergency Services 843 ,414 4225011 - 1 ,265 ,425
<br /> Land Acquisition 65 , 192 - - 65 , 192
<br /> Federal/ State Grants 5533906 - 118 , 004 671 , 910
<br /> Optional Sales Tax 4 , 064 ,205 11898 2 , 394 , 669 6 ,460 , 772
<br /> Other governmental 21292 , 273 37 , 997 6432412 2 ,973 , 682
<br /> Total Governmental Activities $ 14 . 5561253 $ 1 . 837 . 122 X5 , 288 . 622 _ 21 . 681 . 997
<br /> Business-Type Activities
<br /> Payable from current assets :
<br /> Solid Waste $ 808 , 607 $ 575499 $ - $ 866 , 106
<br /> Golf Course 116 ,432 243896 - 141 , 328
<br /> Utilities 1 , 612 , 191 1735795 - 1 , 785 , 986
<br /> Other proprietary 33 , 314 54 , 180 - 875494
<br /> Payable from restricted assets :
<br /> Solid Waste - - - -
<br /> Utilities 6 , 617 ,202 - 118012672 8 ,418 , 874
<br /> Total Business -Type Activities 9 . 1 310 . 370 S L801 ; 672 $ 11 . 299 , 788
<br /> The County has not engaged in any short-term debt activity during fiscal year 2007 other than that
<br /> listed in Note 9 .
<br /> NOTE 12 - LONG-TERM LIABILITIES
<br /> A. Primary Government
<br /> Business -type Activities
<br /> Recreational (Golf Course) Revenue Refunding Bonds , Series 2003
<br /> Purpose - On October 15 , 2003 , the Series 2003 bonds were issued to legally redeem $ 6 , 735 , 000 of the
<br /> County ' s outstanding Recreational Revenue Bonds , Series 1993 . The Series 2003 bonds are being
<br /> issued by the County to provide funds , together with $ 583 , 790 , to retire all of the outstanding 1993
<br /> Series bonds and to pay for all bond issuance costs .
<br /> Pledge of Revenues - The revenue bonds are collateralized by a lien on the net revenues derived from
<br /> the operations of the golf course , racetrack, and Jai Alai Fronton funds , and seven percent of the half-
<br /> cent sales tax accruing annually to the County .
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