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NOTE 4 — CAPITAL ASSETS
<br />A.
<br />Indian River County, Florida
<br />Board of County Commissioners
<br />Notes To Financial Statements
<br />Year Ended September 30, 2014
<br />Governmental Fund Type Capital Assets
<br />A summary of changes in the Governmental fund type capital assets is as follows:
<br />Land
<br />Balance 10/1/2013 $ 140,713,835
<br />Additions 194,953
<br />Deletions (7,633,990)
<br />Balance 9/30/2014 $ 133,274,798
<br />Buildings
<br />And
<br />Improvements Equipment Intangibles Infrastructure
<br />$ 197,332,642 $ 36,455,470 $ 3,198,932 $ 369,697,078
<br />13,891,957 2,225,799 465,732 9,348,723
<br />(147,559) (1,742,613) (84,128) (120,307)
<br />$ 211,077,040 $ 36,938,656 $ 3,580,536 $ 378,925,494
<br />Construction
<br />In Progress Total
<br />$ 36,893,868 $ 784,291,825
<br />23,582,133 49,709,297
<br />(17,013,947) (26,742,544)
<br />$ 43,462,054 $ 807,258,578
<br />Beginning balance amounts have been adjusted for construction in progress that are contributed to and
<br />reported by a grant sub -recipient.
<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 />Enterprise Funds
<br />A summary of changes in the Enterprise fund type capital assets is as follows:
<br />Balance 10/1/2013
<br />Additions
<br />Deletions
<br />Less:
<br />Accumulated Depreciation
<br />Balance 9/30/2014
<br />Buildings
<br />And
<br />Land Improvements
<br />$ 21,286,010 $ 422,161,889
<br />170,753 13,669,688
<br />(147.988)
<br />21,456,763 435,683,589
<br />$ 21,456,763
<br />Equipment intangibles
<br />$ 14,322,144
<br />1,172,778
<br />(529,314)
<br />Construction
<br />In Progress
<br />$ 2,368,254
<br />213,405
<br />(223,898,124)
<br />$ 211,785,465
<br />14,965,608 2,581,659
<br />(12,612,715) (648,253)
<br />$ 2,352,893 $ 1,933,406
<br />Total
<br />$ 13,350,872 $ 473,489,169
<br />10,330.452 25,557,076
<br />(12,361,570) (13,038,872)
<br />11,319,754 486,007,373
<br />(237,159,092)
<br />$ 11,319,754 $ 248.848,281
<br />261
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