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Indian River County, Florida <br /> Management's Discussion and Analysis <br /> For the Year Ended September 30,2012 <br /> Indian River County Capital Assets <br /> (Net of Depreciation, In Millions) <br /> Governmental Business-type <br /> Activities Activities Total <br /> 2012 2011 2012 2011 2012 2011 <br /> Land $ 139.6 $ 138.4 $ 21.3 $ 20.5 $ 160.9 $ 158.9 <br /> Right-of-way 54.7 53.7 - - 54.7 53.7 <br /> Buildings and improvements 149.0 148.1 226.1 232.5 375.1 380.6 <br /> Equipment 26.3 26.2 1.6 1.9 27.9 28.1 <br /> Intangibles 1.7 1.3 1.8 1.9 3.5 3.2 <br /> Infrastructure 153.9 133.0 - - 153.9 133.0 <br /> Construction in progress 28.2 44.0 6.5 10.3 34.7 54.3 <br /> Total $ 553.4 $ 544.7 $ 257.3 $ 267.1 $ 810.7 $ 811.8 <br /> Additional information on the County's capital assets can be found in Note 6 on pages 66-68 of this <br /> report. <br /> Debt Administration-Long-term debt <br /> At the end of the current fiscal year, the County had total bonded debt outstanding of$92.8 million. Of <br /> this amount, $33.2 million is debt backed by the full faith and credit of the government. The revenue <br /> bonds represent bonds secured solely by specified revenue sources. <br /> Indian River County's Outstanding Debt <br /> General Obligation and Revenue Bonds <br /> (In Millions) <br /> Governmental Business-type <br /> Activities Activities Total <br /> General Oblization Debt: 2012 2011 2012 2011 2012 2011 <br /> General Obligation, Series 2001 $ - $ 4.4 $ - $ - $ - $ 4.4 <br /> Limited General Oblig., Series 2006 33.2 36.3 - - 33.2 36.3 <br /> Revenue Bonds: <br /> Spring Training Facility, Series 2001 11.1 11.7 - - 11.1 11.7 <br /> Recreational Revenue Ref., Series 2003 - - 2.1 2.6 2.1 2.6 ` <br /> Water and Sewer Ref, Rev., Series 2005 - - 19.6 21.2 19.6 21.2 <br /> Water and Sewer Ref. Rev., Series 2009 - - 26.8 28.7 26.8 28.7 <br /> Total $ 44.3 $ 52.4 $ 48.5 $ 52.5 $ 92.8 $ 104.9 <br /> 4 <br /> 12 <br />