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Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2010
<br />NOTE 6 - CAPITAL ASSETS — Continued
<br />B. Business -type Activities
<br />Primary Government
<br />Business -type activities:
<br />Capital assets, not being depreciated:
<br />Beginning Ending
<br />Balance Additions Deletions Balance
<br />Land $
<br />19,277,925 $
<br />34,475$ - $
<br />19,312,400
<br />Intangibles
<br />494,035
<br />794,375 -
<br />1,288,410
<br />Construction in progress
<br />38,980,527
<br />6,773,870 (36,483,427)
<br />9,270,970
<br />Total capital assets, not being depreciated
<br />58,752,487
<br />7,602,720 (36,483,427)
<br />29,871,780
<br />Capital assets, being depreciated:
<br />Buildings, distribution systems, & improvements
<br />370,893,954
<br />38,118,204
<br />(657,145)
<br />408,355,013
<br />Intangibles
<br />382,382
<br />19,751
<br />-
<br />402,133
<br />Equipment
<br />19,966,023
<br />337,060
<br />(1,508,622)
<br />18,794,461
<br />Total capital assets, being depreciated
<br />391,242,359
<br />38,475,015
<br />(2,165,767)
<br />427,551,607
<br />Less accumulated depreciation for:
<br />Buildings, distribution systems, & improvements
<br />(151,332,940)
<br />(14,164,368)
<br />10,678
<br />(165,486,630)
<br />Intangibles
<br />(325,942)
<br />(75,180)
<br />-
<br />(401,122)
<br />Equipment
<br />(15,286,526)
<br />(1,463,042)
<br />1,302,319
<br />(15,447,249)
<br />Total accumulated depreciation
<br />(166,945,408)
<br />(15,702,590)
<br />1,312,997
<br />(181,335,001)
<br />Total capital assets, being depreciated, net
<br />224,296,951
<br />22,772,425
<br />(852,770)
<br />246,216,606
<br />Business -type activities capital assets, net $
<br />283,049,438 $
<br />30,375,145 $
<br />(37,336,197) $
<br />276,088,386
<br />Depreciation expense, which includes amortization expense on intangible assets, was charged to the
<br />functions/programs of the primary government's business -type activities as follows:
<br />Solid Waste Disposal District
<br />Golf Course
<br />County Utilities
<br />County Building
<br />Total depreciation expense — business -type activities
<br />67
<br />$ 1,147,477
<br />144,286
<br />14,370,299
<br />40,528
<br />15.702.590
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