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Indian River County, Florida
<br /> Statement of Net Assets
<br /> Proprietary Funds
<br /> September 30, 2003
<br /> Business-type Activities-
<br /> Enterprise Funds Governmental
<br /> Solid Waste Other Activities
<br /> Disposal Golf County Enterprise Internal
<br /> District Course Utilities Funds Total Service Funds
<br /> ' ASSETS
<br /> Current assets :
<br /> Cash and cash equivalents $ 9 , 8723299 $ 31292 $ 31 , 5701797 $ 4 , 1625908 $ 45 , 609 , 296 $ 75918 , 454
<br /> Accounts receivable - net 233 , 770 574 2 , 060 , 026 2 , 294 , 370 309 , 160
<br /> ' Due from other funds 77 ,281 - 77 , 281 _
<br /> Due from other governments 9 , 000 888 , 528 897 , 528
<br /> Interest receivable 788 , 555 - 788 , 555 -
<br /> Inventories - 54 , 315 591 , 219 231557 669 , 091 67 , 536
<br /> ' Current restricted assets : - -
<br /> Cash and cash equivalents 10 , 6231174 33 , 948 , 516 210 , 440 445782 , 130
<br /> Investments 583 , 790 583 , 790
<br /> Impact fees receivable 1 , 255 , 129 - 112559129
<br /> Special assessments receivable 5 , 5095498 5 , 5092498 -
<br /> Total current assets 20 , 8069524 650 , 971 761612 , 268 4 , 3965905 1021466 , 668 8 , 295 , 150
<br /> Non -current assets :
<br /> Liens receivable - - 113 , 420 113 , 420 -
<br /> ' Unamortized bond costs - 92 , 809 763 , 356 - 856 , 165
<br /> Intangible assets 79 , 750 45 ,000 124 , 750
<br /> Deposits 1 , 000 11000
<br /> Capital assets - non-depreciable 11 , 392 , 477 669 , 630 41346 , 834 1654085941 -
<br /> Capital assets - depreciable 135710 , 836 85460 , 141 242 , 962 , 055 13847 , 083 266 , 980 , 115 450 , 349
<br /> Capital assets - accumulated depreciation ( 7 , 7701655 ) ( 1 , 720 , 667 ) ( 83 , 0551520 ) ( 316 , 930 ) ( 92 , 8632772
<br />) ( 4313349 )
<br /> Total non -current assets 175412 , 408 79502 , 913 165 , 175 , 145 1 , 530 , 153 191 , 620 , 619 191000
<br /> Total assets 38 , 218 , 932 8 , 1539884 241 , 787 , 413 5 , 927, 058 29450875287 8 , 314 , 150
<br /> LIABILITIES
<br /> Current liabilities (payable from current assets ):
<br /> Accounts payable 513 , 773 75 , 097 518 , 553 789288 1 , 185 , 711 2199234
<br /> Claims payable - 4 , 581 000
<br /> Due to other governments 7 , 524 5 , 931 52046 18 , 501
<br /> ' Deferred revenues 25 , 757 - 25 , 757
<br /> Accrued compensated absences 18 , 000 13 , 000 56 , 000 13 , 000 100 , 000 65000
<br /> Current liabilities (payable from restricted assets) :
<br /> Accounts payable - - 887 , 555 887 , 555 -
<br /> 1 Retainage payable - 168 , 388 1685388 -
<br /> Accrued interest payable 28 , 398 328 , 002 356 , 400
<br /> Closure and maintenance costs payable 75211 , 362 7 , 211 , 362
<br /> Customer deposits 645700 - 2 , 0775421 210 , 440 2 , 352 , 561
<br /> Bonds payable 395 , 000 1 , 855 , 000 2 , 250 , 000
<br /> Total current liabilities 717895835 531 , 776 5 , 8401850 293 , 774 14 , 4561235 438069234
<br /> Non-current liabilities :
<br /> Accrued compensated absences 116 , 681 832499 363 , 317 862481 549 , 978 515299
<br /> Advance from other funds - 6555000 - 655 , 000
<br /> ' Bonds payable - net of unamortized discount - 611489359 68 , 7725727 - 74 , 921 , 086 -
<br /> Total non-current liabilities 116 , 681 6 , 886 , 858 69 , 1362044 86 , 481 76 , 2261064 51 , 299
<br /> Total liabilities 7 , 906 , 516 71418 , 634 74 , 976 , 894 380 , 255 90 , 682 , 299 4 , 857 , 533
<br /> NETASSETS
<br /> Invested in capital assets, net of related debt 17 , 3325658 865 , 745 93 , 625 , 642 11530 , 153 113 , 354 , 198 199000
<br /> Restricted for:
<br /> Capital projects - 429783 , 994 42 , 783 , 994
<br /> Debt service - 32 , 917 1543583 187,500
<br /> Unrestricted 12 , 979 , 758 ( 163 ,412 ) 30 , 246 , 300 4 , 016 , 650 47, 0797296 3 , 437 , 617
<br /> Total net assets $ 30 , 312 , 416 $ 735 ,250 $ 166 , 810 , 519 $. 5 , 54�6 , 803 $ 203 , 404 , 988 $ 3 , 456
<br />, 617
<br /> The accompanying notes are an integral part of the financial statements .
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