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Indian River County, Florida <br /> Management ' s Discussion and Analysis <br /> For the Year Ended September 30 , 2007 <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 <br /> September 30 , 2007 , amounts to $ 686 . 8 million (net of accumulated depreciation) . This investment in <br /> capital assets includes land, right-of-way , buildings and improvements , equipment, infrastructure and <br /> construction in progress . The overall increase in the County ' s investment in capital assets for the current <br /> fiscal year was 19 percent (a 26 percent increase for governmental activities and a 9 percent increase for <br /> business-type activities) . <br /> Governmental activities had the following major increases during the fiscal year : <br /> • An increase in buildings primarily due to the capitalization of the county administration building , <br /> the 43 `d Avenue complex , the Emergency Operations Center, and the county jail expansion. <br /> • An increase in improvements due to the capitalization of fire station, county parks , and <br /> Dodgertown improvements . <br /> • An increase in land primarily due to the purchase of properties for purposes of environmental <br /> conservation including the $ 12 . 1 million Sexton ranch property and the $ 13 . 8 Sebastian Harbor <br /> Preserve . <br /> w <br /> Business -type activities had the following major increases during the fiscal year : <br /> • An increase in buildings due to the capitalization of the Utilities Operations Center . <br /> • An increase in construction in progress was due to the North County R/O Plant Expansion and <br /> West Regional Wastewater Transmission Project. <br /> -- 11 <br />