|
Indian River County,Florida
<br /> Notes To Financial Statements
<br /> Year Ended September 30, 2012
<br /> NOTE 6 - CAPITAL ASSETS—Continued
<br /> B. Business-type Activities
<br /> Primary Government Beginning Ending
<br /> Business-type activities: Balance Additions Deletions Balance
<br /> Capital assets,not being depreciated:
<br /> Land $ 20,530,432$ 755,578 $ -$ 21,286,010 l)
<br /> Intangibles 1,388,379 42,733 - 1,431,112
<br /> Construction in progress 10,340,138 4,904,009 (8,709,047) 6,535,100
<br /> Total capital assets,not being depreciated 32,258,949 5,702,320 (8,709,047) 29,252,222
<br /> Capital assets,being depreciated:
<br /> Buildings,distribution systems,&improvements 412,799,300 8,606,837 (1,194,636) 420,211,501
<br /> Intangibles 900,367 6,980 - 907,347
<br /> Equipment 14,348,378 316,148 (197,144) 14,467,382
<br /> Total capital assets,being depreciated 428,048,045 8,929,965 (1,391,780) 435,586,230
<br /> Less accumulated depreciation for:
<br /> Buildings,distribution systems, &improvements (180,309,133) (14,717,296) 870,445 (194,155,984) l
<br /> Intangibles (423,473) (69,298) - (492,771)
<br /> Equipment (12,438,956) (603,478) 173,596 (12,868,838)
<br /> Total accumulated depreciation (193,171,562) (15,390,072) 1,044,041 (207,517,593)
<br /> Total capital assets,being depreciated,net 234,876,483 (6,460,107) (347,739) 228,068,637
<br /> Business-type activities capital assets,net $ 267,135,432$ (757,787)$ (9,056,786)$ 257,320,859
<br /> Depreciation expense, which includes amortization expense on intangible assets, was charged to the
<br /> functions/programs of the primary government's business-type activities as follows:
<br /> Solid Waste Disposal District $ 842,318
<br /> Golf Course 129,906
<br /> County Utilities 14,414,302
<br /> County Building 3,546
<br /> Total depreciation expense—business-type activities 15,390.072
<br /> The beginning balance reported for accumulated depreciation for the intangibles was increased by
<br /> $17,734 and the beginning balance for equipment was decreased by $17,734 to reflect the
<br /> reclassification of capital assets from equipment to improvement.
<br /> I
<br /> 68
<br />
|