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Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2019
<br />69
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<br />NOTE 5 - CAPITAL ASSETS – Continued
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<br />B. Business-type Activities
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<br />Primary Government Beginning Ending
<br />Business-type activities: Balance Additions Deletions Balance
<br />Capital assets, not being depreciated:
<br /> Land, improvements to land $ 25,731,192 $ 1,012,684 $ - $ 26,743,876
<br /> Intangibles 1,799,406 205,128 - 2,004,534
<br /> Construction in progress 9,224,525 8,615,617 (5,680,275) 12,159,867
<br /> Total capital assets, not being depreciated 36,755,123 9,833,429 (5,680,275) 40,908,277
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<br />Capital assets, being depreciated:
<br /> Buildings, distribution systems, & improvements 456,246,633 11,250,965 - 467,497,598
<br /> Intangibles 1,341,671 25,951 (45,791) 1,321,831
<br /> Equipment 18,285,846 1,808,021 (684,815) 19,409,052
<br /> Total capital assets, being depreciated 475,874,150 13,084,937 (730,606) 488,228,481
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<br />Less accumulated depreciation for:
<br /> Buildings, distribution systems, & improvements (281,721,926) (14,346,914) - (296,068,840)
<br /> Intangibles (1,146,270) (73,734) 45,791 (1,174,213)
<br /> Equipment (14,032,534) (1,432,390) 682,424 (14,782,500)
<br /> Total accumulated depreciation (296,900,730) (15,853,038) 728,215 (312,025,553)
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<br />Total capital assets, being depreciated, net 178,973,420 (2,768,101) (2,391) 176,202,928
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<br />Business-type activities capital assets, net $ 215,728,543 $ 7,065,328 $ (5,682,666) $ 217,111,205
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<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:
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<br /> Solid Waste Disposal District $ 1,142,536
<br /> Golf Course 240,790
<br /> County Utilities 14,385,959
<br /> County Building 83,753
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<br />Total depreciation expense – business-type activities $ 15,853,038
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