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Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2007 <br />Indian River County Capital Assets (Net of Depreciation, In Millions) <br />Governmental <br />Activities <br />Business -type <br />Activities <br />2007 2006 2007 2006 <br />Land $ 114.6 $ 83.5 $ 18.4 $ 18.4 $ <br />Right-of-way 20.0 15.9 - - <br />Buildings and improvements 144.7 62.2 182.7 173.8 <br />Equipment 31.8 28.8 7.3 7.4 <br />Infrastructure 67.4 68.2 - - <br />Construction in progress 69.1 96.9 30.8 20.1 <br />Total <br />2007 2006 <br />133.0 $ 101.9 <br />20.0 15.9 <br />327.4 236.0 <br />39.1 36.2 <br />67.4 68.2 <br />99.9 117.0 <br />Total $ 447.6 $ 355.5 $ 239.2 $ 219.7 $ 686.8 $ 575.2 <br />Additional information on the County's capital assets can be found in Note 6 on page 67 of this report. <br />Long-term debt <br />At the end of the current fiscal year, the County had total bonded debt outstanding of $137.0 million. Of <br />this amount, $58.5 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 General Obligation and Revenue Bonds <br />(In Millions) <br />General Obligation Debt: <br />General Obligation, Series 2001 $ <br />General Obligation Ref., Series 2003 <br />Limited General Oblig., Series 2006 <br />Revenue Bonds: <br />Spring Training Facility, Series 2001 <br />Recreational Revenue Ref, Series 2003 <br />Water and Sewer Ref. Rev., Series 1993A <br />Water and Sewer Ref. Rev., Series 2005 <br />Total <br />Governmental <br />Activities <br />2007 <br />7.4$ <br />3.5 <br />47.6 <br />14.0 <br />2006 <br />8.0$ <br />4.7 <br />50.0 <br />14.5 <br />$ 72.5$ 77.2$ <br />12 <br />Business -type <br />Activities <br />2007 2006 <br />4.6 5.1 <br />33.0 34.2 <br />26.9 28.2 <br />64.5$ 67,5$ <br />Total <br />2007 2006 <br />7.4$ 8.0 <br />3.5 4.7 <br />47.6 50.0 <br />14.0 14.5 <br />4.6 5.1 <br />33.0 34.2 <br />26.9 28.2 <br />137.0$ 144.7 <br />