NOTE 13 OTHER ASSETS AND LIABILITIES

Prepaid Expenses and Other Assets

The following table summarizes the significant components of prepaid expenses and other assets.

	September 30, 2014		December 31, 2013
	(In thousands)
Special Improvement District receivable	$	39,777	$	39,688
Equipment, net of accumulated depreciation of $2.0 million and $0.7 million, respectively	20,662		21,978
Tenant incentives and other receivables	6,361		6,757
Federal income tax receivable	5,809		6,053
Prepaid expenses	9,461		4,744
Below-market ground leases	19,748		20,002
Condominium deposits	137,407		12,405
Security and escrow deposits	38,577		28,082
Above-market tenant leases	941		1,095
Uncertain tax position asset	20,131		13,528
In-place leases	8,037		9,306
Intangibles	3,624		3,714
Other	3,731		6,588
	$	314,266	$	173,940

The $140.3 million increase as of September 30, 2014 compared to December 31, 2013 primarily relates to the increase of $125.0 million in restricted condominium cash deposits for the two new market rate towers at Ward Village for which we began public sales on February 1, 2014, a $10.5 million increase in security and escrow deposits primarily related to the South Street Seaport project and the $6.6 million increase in our uncertain tax position asset as more fully discussed in Note 11 — Income Taxes.

Accounts Payable and Accrued Expenses

The following table summarizes the significant components of accounts payable and accrued expenses.

	September 30, 2014		December 31, 2013
	(In thousands)
Construction payables	$	194,197	$	106,741
Accounts payable and accrued expenses	34,687		46,998
Condominium deposits	137,407		12,405
Membership deposits	20,908		24,830
Above-market ground leases	2,312		2,431
Deferred income	33,044		18,963
Accrued interest	28,793		17,463
Accrued real estate taxes	9,860		8,581
Tenant and other deposits	16,768		9,490
Insurance reserve	—		1,417
Accrued payroll and other employee liabilities	16,151		15,666
Special assessment	2,603		2,603
Interest rate swaps	3,195		4,164
Other	16,536		12,239
	$	516,461	$	283,991

The $232.5 million increase as of September 30, 2014 compared to December 31, 2013 is primarily due to the increase of $125.0 million in condominium deposits for the two new market rate towers at Ward Village, a $87.5 million increase in construction payables primarily due to increased development activities at Downtown Summerlin, The Woodlands Resort & Conference Center, Outlet Collection at Riverwalk, and Hughes Landing, a $14.1 million increase in deferred income primarily due to increased land sales and the deferral of a portion of the income for post-sale land development obligations at our Summerlin MPC and an $11.3 million increase in accrued interest relating to our Senior Notes.