Laserfiche WebLink
Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2014 <br />• $0.2 million lower than expected Sheriff expenses <br />• $0.7 million in unspent legal and consulting services expenditures <br />• $0.3 million in unspent libraries, parks, and shooting range renovations <br />The General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and <br />Actual is shown on page 31. <br />CAPITAL ASSETS AND DEBT ADMINISTRATION <br />Capital Assets <br />The County's investment in capital assets for its governmental and business -type activities as of <br />September 30, 2014, amounts to $798.0 million (net of accumulated depreciation). This investment in <br />capital assets includes land, right-of-way, buildings and improvements, intangibles, equipment, <br />infrastructure and construction in progress. The overall decrease in the County's investment in capital <br />assets for the current fiscal year was less than 1%. <br />Land <br />Right-of-way <br />Buildings and improvements <br />Equipment <br />Intangibles <br />Infrastructure <br />Construction in progress <br />Total <br />Indian River County Capital Assets <br />(Net of Depreciation, In Millions) <br />Governmental Business -type <br />Activities Activities Total <br />2014 2013 2014 2013 2014 2013 <br />$ 133.3 $ 140.7 $ 27.5 $ 27.3 $ 160.8 $ 168.0 <br />56.8 55.7 - 56.8 55.7 <br />151.4 143.0 205.8 207.2 357.2 350.2 <br />12.7 12.1 2.4 1.6 15.1 13.7 <br />2.4 1.4 1.9 1.8 4.3 3.2 <br />149.0 150.9 - - 149.0 150.9 <br />43.5 36.9 11.3 13.4 54.8 50.3 <br />$ 549.1 $ 540.7 $ 248.9 $ 251.3 $ 798.0 $ 792.0 <br />Governmental activities had the following major increases during the fiscal year: <br />• An increase in construction in progress primarily due to the following continuing project costs: <br />Osprey Marsh ($2.3 million), the 66th Avenue road expansion project from SR60 to 49th Street <br />($9.9 million), the 12th Street/ 27th Avenue intersection project ($1.5 million), and the Oslo Road <br />expansion project from 43rd Avenue to 58th Avenue ($1.5 million). <br />The decrease in land was due to the transfer of assets previously reported in the land category to the <br />buildings and improvements category. <br />15 <br />