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Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2020 <br />The General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget <br />and 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 <br />of September 30, 2020, amounts to $820.5 million (net of accumulated depreciation). This <br />investment in capital assets includes land, right-of-way, buildings and improvements, <br />intangibles, equipment, infrastructure and construction in progress. The overall increase in the <br />County's investment in capital assets for the current fiscal year was 2.8%. <br />Land <br />Right-of-way <br />Buildings and improvements <br />Equipment <br />Intangibles <br />Infrastructure <br />Construction in progress <br />Total <br />Indian River County Capital Assets <br />(Net of Depreciation, In Millions) <br />Governmental <br />Activities <br />2020 2019 <br />Business -type <br />Activities Total <br />2020 2019 2020 2019 <br />$ 137.2 $ 137.2 $ 32.8 $ 26.7 $ 170.0 $ 163.9 <br />66.8 63.2 - 66.8 63.2 <br />154.7 161.9 167.0 171.4 321.7 333.3 <br />30.9 28.5 5.5 4.6 36.4 33.1 <br />2.2 2.4 2.3 2.2 4.5 4.6 <br />151.4 156.4 151.4 156.4 <br />53.0 31.0 16.7 12.2 69.7 43.2 <br />$ 596.2 $ 580.6 $ 224.3 $ 217.1 $ 820.5 $ 797.7 <br />Governmental activities had the following major increases during the fiscal year: <br />• An increase in right-of-way purchases for 37th Street from US1 to Indian River Boulevard. <br />• An increase in equipment due to the purchases of emergency services and road and <br />bridge maintenance equipment. <br />• An increase in construction -in -progress due to the near completion of the Sector 5 beach <br />renourishment project, improvements at the Jones Pier conservation area, and <br />improvements at the Jackie Robinson Training Center. <br />Governmental activities only major decreases occurred in buildings and improvements and <br />infrastructure as a result of increasing depreciation on existing assets. <br />Business -type activities major increases were in land due to a Utilities fund land purchase and <br />construction in progress due to the countywide water meter replacement project and several <br />other water and sewer projects. <br />Business -type activities only major decrease occurred in buildings and improvements as a result <br />of increasing depreciation on existing assets. <br />15 <br />