Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Property, Plant, and Equipment:
Income Properties, Land, Buildings, and Improvements	$ 241,841,215	$ 268,970,875
Golf Buildings, Improvements, and Equipment	3,450,342	3,432,681
Other Furnishings and Equipment	1,062,472	1,044,139
Construction in Progress	2,519,706	50,610
Total Property, Plant, and Equipment	248,873,735	273,498,305
Less, Accumulated Depreciation and Amortization	(15,016,672)	(16,242,277)
Property, Plant, and Equipment—Net	233,857,063	257,256,028
Land and Development Costs ($11,613,782 and $11,329,574 Related to Consolidated VIE as of September 30, 2016 and December 31, 2015, respectively)	58,460,992	53,406,020
Intangible Lease Assets—Net	31,002,084	20,087,151
Impact Fee and Mitigation Credits	4,062,228	4,554,227
Commercial Loan Investments	23,960,467	38,331,956
Cash and Cash Equivalents	9,041,486	4,060,677
Restricted Cash	6,643,732	14,060,523
Investment Securities	0	5,703,767
Refundable Income Taxes	1,931,359	858,471
Other Assets	8,584,059	6,034,824
Total Assets	377,543,470	404,353,644
Liabilities:
Accounts Payable	1,761,159	1,934,417
Accrued and Other Liabilities	8,117,733	8,867,919
Deferred Revenue	3,031,700	14,724,610
Intangible Lease Liabilities - Net	30,919,973	31,979,559
Accrued Stock-Based Compensation	52,154	135,554
Deferred Income Taxes—Net	48,835,542	39,526,406
Long-Term Debt	135,553,756	166,796,853
Total Liabilities	228,272,017	263,965,318
Commitments and Contingencies - See Note 18
Consolidated-Tomoka Land Co. Shareholders' Equity:
Common Stock – 25,000,000 shares authorized; $1 par value, 6,018,816 shares issued and 5,745,514 shares outstanding at September 30, 2016; 6,068,310 shares issued and 5,908,437 shares outstanding at December 31, 2015	5,911,812	5,901,510
Treasury Stock – 273,302 shares at September 30, 2016; 159,873 shares at December 31, 2015	(13,350,705)	(7,866,410)
Additional Paid-In Capital	20,118,710	16,991,257
Retained Earnings	131,144,058	120,444,002
Accumulated Other Comprehensive Loss	(225,240)	(688,971)
Total Consolidated-Tomoka Land Co. Shareholders' Equity	143,598,635	134,781,388
Noncontrolling Interest in Consolidated VIE	5,672,818	5,606,938
Total Shareholders’ Equity	149,271,453	140,388,326
Total Liabilities and Shareholders’ Equity	$ 377,543,470	$ 404,353,644