|
Indian River County, Florida
<br />Board of County Commissioners
<br />Notes To Financial Statements
<br />Year Ended September 30, 2011
<br />NOTE 4 — CAPITAL ASSETS
<br />A. Governmental Fund Type Capital Assets
<br />A summary of changes in the governmental fund type capital assets is as follows:
<br />Depreciation expense, which includes amortization expense on intangible assets, for governmental fund
<br />type capital assets is not reported in the financial statements of the Board. Depreciation expense is
<br />reported in the financial statements of the County. Please refer to the County Notes for a more detailed
<br />explanation of the County's policy on depreciation.
<br />B. Proprietary Fund Type Capital Assets
<br />A summary of changes in the proprietary fund type capital assets is as follows:
<br />Buildings
<br />And
<br />And
<br />Construction
<br />Construction
<br />Land
<br />Improvements
<br />Land
<br />Improvements
<br />Equipment
<br />Intangibles
<br />Infrastructure
<br />In Progress
<br />Total
<br />Balance 10/1/2010
<br />$ 138,413,559
<br />$ 186,414,912
<br />$ 38,222,682
<br />$ 2,620,522
<br />$ 8,949,193
<br />$ 1,126,677
<br />$ 375,747,545
<br />Additions
<br />-
<br />744,123
<br />2,795,697
<br />231,302
<br />37,500
<br />4,147,490
<br />7,956,112
<br />Deletions
<br />(25,000)
<br />-
<br />(1,329,694)
<br />-
<br />-
<br />(640,673)
<br />(1,995,367)
<br />Balance 9/30/2011
<br />$ 138,388,559
<br />$ 187,159,035
<br />$ 39,688,685
<br />$ 2,851,824
<br />$ 8,986,693
<br />$ 4,633,494
<br />$ 381,708,290
<br />Depreciation expense, which includes amortization expense on intangible assets, for governmental fund
<br />type capital assets is not reported in the financial statements of the Board. Depreciation expense is
<br />reported in the financial statements of the County. Please refer to the County Notes for a more detailed
<br />explanation of the County's policy on depreciation.
<br />B. Proprietary Fund Type Capital Assets
<br />A summary of changes in the proprietary fund type capital assets is as follows:
<br />258
<br />Buildings
<br />And
<br />Construction
<br />Land
<br />Improvements
<br />Equipment
<br />Intangibles
<br />In Progress
<br />Total
<br />Balance at 10/1/2010
<br />$19,312,400
<br />$408,373,165
<br />$19,182,375
<br />$2,224,432
<br />$ 9,270,970
<br />$458,363,342
<br />Additions
<br />1,218,032
<br />4,453,232
<br />941,761
<br />652,949
<br />6,899,893
<br />14,165,867
<br />Deletions
<br />-
<br />(8,945)
<br />(5,387,463)
<br />(2,140)
<br />(5,803,425)
<br />(11,201,973)
<br />20,530,432
<br />412,817,452
<br />14,736,673
<br />2,875,241
<br />10,367,438
<br />461,327,236
<br />Less:
<br />-
<br />Accumulated Depreciation
<br />-
<br />(180,327,286)
<br />(12,734,932)
<br />(724,051)
<br />-
<br />(193,786,269)
<br />Balance at 9/30/2011
<br />$20,530,432
<br />$ 232,490,166
<br />$ 2,001,741
<br />$2,151,190
<br />$ 10,367,438
<br />$267,540,967
<br />258
<br />
|