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Indian River County,Florida Management's Discussion and Analysis For the Year Ended September 30,2012 CAPITAL ASSETS AND DEBT ADMINISTRATION I r Capital Assets The County's investment in capital assets for its governmental and business-type activities as of September 30, 2012, amounts to $810.7 million (net of accumulated depreciation). This investment in capital assets includes land, right-of-way, buildings and improvements, intangibles, equipment, infrastructure and construction in progress. The overall decrease in the County's investment in capital assets for the current fiscal year was less than 1%. Governmental activities had the following major increases during the fiscal year: • An increase in infrastructure primarily due to the capitalization of the Sector 3 Beach Restoration Project ($12.9 million), the 53rd Street road expansion project from Kings Highway to US 1 ($9.0 million), the 82nd Avenue bridge over the Lateral "D" Canal ($1.3 million), and a bridge r ($2.2 million) and sidewalk($1.2 million) along Old Dixie Highway. • An increase in buildings and improvements primarily due to the completion of the Quadrangle 4 Softball Fields at Vero Beach Sports Village ($2.4 million), and the Senior Resource Association transit facility ($2.3 million). • An increase in land due to the purchase of the Pressley Ranch property ($1.0 million). Business-type activities had the following major increases and decreases during the fiscal year: • An increase in buildings and improvements was due to the capitalization of the North County Reverse Osmosis Plant Wells 4-9 Project ($4.0 million), the North County Wastewater Treatment Plant Storage/Repump Facility ($2.1 million), and the North County reverse osmosis plant brine line ($0.9 million). • An increase in land due to the purchase of 13 acres for the South County brine project ($0.7 million). f 11