The Brazos River Authority Waco Texas

BRAZOS RIVER AUTHORITYMANAGEMENT’S DISCUSSION AND ANALYSISAUGUST 31, 2008, 2007 AND 2006 (in thousands)Capital Assets and Outstanding DebtCapital Assets - The Authority’s capital assets, as of August 31, 2008, 2007 and 2006, amounted to $227,850,$222,268 and $207,816, respectively (net of accumulated depreciation). The increase in capital assets for2008 is primarily due to the completion of the plant expansion at the Authority’s East Williamson CountyWater Treatment Facility. The following table summarizes capital assets, net of depreciation.Capital Assets(net of accumulated depreciation) August 31, 2008, 2007 and 20062008 2007 2006Land and land rights $ 28,587 $ 28,587 $ 28,546Reservoirs, water and sewerage facilities 98,864 95,192 99,343Buildings, structures and improvements 73,438 52,175 53,331Vehicles, furniture and equipment 4,788 4,528 5,214Construction in progress 22,173 41,786 21,382TOTAL $ 227,850 $ 222,268 $ 207,816Additional information on the Authority's capital assets can be found in Note 4, of this report.$100,000$90,000$80,000$70,000$60,000$50,000$40,000$30,000$20,000$10,000$-2008 2007 2006Land and land rightsReservoirs, water andsewerage facilitiesBuildings, structuresand improvementsVehicles, furniture andequipmentConstruction in progress12