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149 <br />34 <br />shown below. There are two sets of calculations, one for the MSW Landfill which is slated for <br />closure in 2013 and another for the C &D Landfill that will remain open well past 2013. <br />Closure and Post Closure Costs Municipal Solid Waste (MSW) Landfill* <br />Closure Costs $ 3,11 6,720 <br />Post Closure Care Costs 4,241,544 <br />Corrective Action 583,011 <br />Total MSW $ 7,941,275 <br />* Per HRD October 28, 2010 (revised Feb 3, 2011) Report <br />Closure and Post Closure Costs Construction & Demolition (C &D) Landfill* <br />Closure Costs <br />$ 929,957 <br />Post Closure Care Costs <br />95,369 <br />Corrective Action ** <br />3,000,000 <br />Total MSW <br />$ 4,025,326 <br />* Per Draper Arden Assoc. July 6, 2011 Report <br />** The engineer's report details corrective action cost of $661,598, leaving $2,338,402 of <br />unsupported corrective action cost. <br />The total of the two calculations above is $11,966,601, which is also reflected in the Notes to the <br />Financial Section of Orange County's June 30, 2011 financial statements along with the <br />following information: <br />Costs during the monitoring period are estimated to be $95,000 per year. <br />Total liability per financial statements represents a cumulative amount based on 85% <br />capacity used. <br />There is an additional $1.3 million of closure costs and care that will be recognized in <br />future years. <br />The FY2011 Financial Statements <br />As of June 20, 2011 the Landfill Fund had current assets of $13.4 million, non - current assets of <br />$6.4 million and total assets of $19.8 million. The fund also had current liabilities of $1.4 <br />million, non- current liabilities of $15.6 million and total liabilities of $17.0 million. Total assets <br />exceed liabilities by almost $3 million; however this net asset number is made up of two <br />components. The first is investments in capital assets of $3.5 million that represents value of the <br />